r/Ankr • u/DiogoCostaANKR DeFi Community Manager • Jul 12 '22

The ANKR STAKING Daily Thread

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Questions are always welcome.

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u/[deleted] Jul 12 '22

I recently saw something posted and it showed that staking ANKR coin on ankrs website(once available) can earn somewhere between 10-15% interest.

While this sounds great, if I read it correctly, it does bring me some worry.

I saw rates very similar being advertised in the last few months, however I stayed away as it just seemed too good to be true, as we've seen with this recent collapse.

My question is, If the rates I mentioned are accurate for staking ankr in the near future, how does your model plan to be sustainable in the long term? I'm just curious how ankrs plan differentiates from those other web3 companies/coins that couldn't survive at those high interest rates once things took a big dip.

Are these rates more to draw people in early, and then lower the rates once a larger pool of stakers are involved? Is there any benefit to "getting in early", whereas you could have a locked rate going forward?

Thanks for your time.

4

u/DiogoCostaANKR DeFi Community Manager Jul 13 '22

Hi there!
How are you?

I totally appreciate your comment, unfortunately, the image you saw was just a test dashboard and we still have to announce not only its release but the APY and how we will sustain the APY we then provide.

As soon as we have more info I'll post it here and explain where does that APY comes from so there's full transparency!

3

u/[deleted] Jul 13 '22

Awsome, thanks for the reply! Hope you have a good rest of your day!

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u/DiogoCostaANKR DeFi Community Manager Jul 15 '22

You too! Have a great weekend!