Coinbase Algo Rewards Reduced Today - what to do...

If you noticed today that your Coinbase Algo staking rewards were reduced to 4%, you aren't alone. However, if you want to minimize the reduction, move your Algo tokens to a hardware or software wallet off the exchanges that support Algo rewards - like the Ledger Nano wallet. The Algo Explorer is currently showing that non exchange rewards % is 5.75 which is much higher than the 4% Coinbase is offering. I highly recommend you stake off exchange. Good luck Algonauts! Happy staking!

Edit: if you're curious as to what the rewards % is, you can check by using the Algo Explorer located here:https://algoexplorer.io/rewards-calculator and see what your potential rewards are for the total tokens you're holding.