Ok, so this is the 'Hard Launch' after ~4 days from the introductory post on Single staking for PWR.
Most of the relevant holders are already aware of the existence of single staking for PWR, so there is no point in delaying it any longer (initially it was going to be a window of ~7 days max).
I've just removed the PWR from the project from the staking pool, so it's all being distributed now between regular users.
Boosted APR on Soft-Pegged HIVE
First 20 holders have an accumulative amount of ~9K PWR staked.
So the official staking APR for PWR at the time of writing is around ~48% APR. *
*4380 reward pool / 9000 PWR staked => 0,486
'Symbiotic Tokenomics' in action
As I said in the intro post, this PWR staked have to come from somewhere, and a big chunk of it is the Liquidity Pool.
Some HIVE and PWR exited the pool and the APR is back up to +20%
It's even inducing some upside pressure on PWR, it's now at 1,03 HIVE!
Remember that as I announced in early December; I'm not arbitraging the price of PWR down anymore with project funds (I'm holding it it case goes below though).
And that's all for today.
Enjoy!
@commentrewarder set up as beneficiary (3%).
- Delegate Hive Power to @empo.voter to receive a 8% paid daily in PWR tokens.
- Check Hive Power Ventures Docs: https://hive-power-ventures.gitbook.io/hive-power-ventures/
- Vote for my witness (100% of witness rewards are reinvested weekly into the project)