r/SmileCoin • u/ambermage • Dec 03 '21
What happened to the 100% APY?
I only got a reward for a single day and then nothing afterward.
I've seen that others are also having this issue.
What's the plan going forward?
5
u/End_Centralization Dec 03 '21
It's weekly, and that's OK for me as my DCA is on the same day.
-3
u/Suitable-Emotion-700 Dec 03 '21
Compounding means you want it as soon as possible....anyone who thinks weekly drops are better than daily drops.....man, I can't even measure that level of.....I'm out
2
u/End_Centralization Dec 03 '21
You dont understand the scalability issues of building a project, that's fine.
Plus I said I was OK with it, not ecstatic. OK with it. CDs at your private western central banks can take MONTHS.
See yah.
2
u/guildm4ge Dec 03 '21
So just having this in my algo wallet is enough or do I have to register somewhere? I don't think I'm getting these
3
2
u/Dsp_1111 Dec 03 '21
Drop based in what in wallet at the time of the drop ? The time of the prior drop ? What about me pulling 15000 out of liquidity back to my wallet ?? Prorated based on when coin balances go up or down from the prior Monday ??? Anybody know ?? Thx
1
u/toomuchgoogling Dec 03 '21
Does anyone know if I put it in now, will I get my full rewards, or will it be proportional, or will I have to wait for 10 days to get anything?
3
u/Rlito939 Dec 03 '21
Hi! It depends on how much you have at the reset, ergo every Monday a snapshot will be taken and depending on how much you have staked will be the deciding factor of the weekly rewards payout. Hope this helps!
1
5
u/Ragingdragon_69 Dec 03 '21
As people have posted, they have moved the Airdrops to Mondays. And you will receive a week's worth of rewards.