As many people are aware, Loopring now has a staking option in their wallet. The made this announcement early last week and people have been hurrying to get funds into the wallet to stake.This has been something the community has been looking forward to for a very long time!
You had to have at least 1000 Loopring to stake and the staking funds will be locked for 90 days. The APR % was going to be revealed on April 1st.
Well today after the first 24 hours had passed, the APR % has been revealed... 0.24%.
Ouch. I know a lot of other factors have to come into play to have a higher APR but that is almost April fool's day level bad.
I still believe in Loopring since they have a very active development team, a solid roadmap they have been hitting on, and a great working product. As ETH grows, the importance of L2's will be huge. That said, that APR is disappointing for a long time holder.
Any other Loopring holders out there? What are your thoughts on this. Disappointed? Not worried? Let me know.
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