Hello all,
Sorry if my format is wrong but this is my first ever post to Reddit. I just wanted to validate this from other people that participate in ETH 2.0 Binance staking. I noticed that the daily yield percentage on Binance for ETH 2.0 becomes lower each day. For example, on 2021-10-08, the daily percentage yield was about 0.01317% which multiplied by 365 is about 4.8 APY. Now on 2021-10-23, the daily percentage yield is 0.01287% which multiplied by 365 is about 4.699 APY.
When contacting Binance support they told me that this is due to the number of transactions on the ETH network purely. But I feel that the way Binance implements staking is the actual reason for this. Now I might be mistaken so can someone comment on this or explain to me how I can further check this?
Thank you!
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