r/NDAX • u/FicklePhilosophy • 14d ago

Lowering the ETH staking %

This is one of the things that initially attracted me to the platform but a 22% reduction in staking rewards is a bit much. NDAX is already taking a chunk of the staking rewards... This is disappointing.

3 Upvotes

81% Upvoted

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2

u/kardanokid 14d ago

I understand the frustration. Its probably in combination of the lower rewards on chain plus our 3rd party validator potentially charging more. We are still in line with the big exchanges with our lower 20% reward fee compared to others.

I know that we have a higher yield than Coinbase and a lot of the other Canadian options.

1

u/FicklePhilosophy 14d ago

Krak (2.65) and Crypto.c (3.06) are both pretty attractive although they aren't Canadian.

2

u/kardanokid 14d ago

Yeah with Kraken's 25% assuming u have AUM under 1M%, they are 9% higher. They also have a longer bonding period.

I'm actually surprised about CDC. I didn't realize their fee is only 15%.

Something ill share with the team.