Cointime

Download App
iOS & Android

The ideal DOT staking rate has increased from 51% to 59%, and DOT staking rewards are expected to decrease by approximately 7%

On October 25th, PolkaWorld announced on the X platform that the ideal staking rate for DOT has increased from 51% to 59%. It is expected that the staking reward for DOT will decrease by about 7% (from 1 DOT to 0.93 DOT). In addition, PolkaWorld stated that this is to leave enough space for the unlocked DOT for leasing 6-13 crowd loans, ensuring that the reward will not decrease significantly. If the DOT for crowd loans is staked at the previous ideal rate of 51%, the reward will decrease significantly. Setting the ideal rate to 59% provides a buffer for these additional DOT, avoiding a sharp decrease in rewards before the staking rate exceeds 59%.

It is reported that after the block height reaches 17856000 (on October 24th), the first batch of 113 million DOTs participating in crowd loans in the Polkadot ecosystem will be unlocked, accounting for about 7.4% of the total issuance.

Comments

All Comments

Recommended for you

  • The final value of the US one-year inflation rate in November is expected to be 2.6%, the expected value is 2.7%, and the previous value is 2.60%

     the expected final value of the US one-year inflation rate in November is 2.6%, with an expected value of 2.7% and a previous value of 2.60%. The expected final value of the US five-to-ten-year inflation rate in November is 3.2%, with an expected value of 3.1% and a previous value of 3.10%.
  • U.S. stocks open, most crypto stocks open lower

     the US stock market opened with the Dow Jones up 0.19%, the S&P 500 up 0.05%, and the Nasdaq up 0.01%. Most cryptocurrency stocks opened lower, with Coinbase (COIN.O) down 0.06%, MicroStrategy (MSTR.O) up 0.4%, and Riot Platforms (RIOT.O) down 2.6%. Previously, Bitcoin had risen above $99,000 before falling back.
  • BTC breaks through $98,500

    market shows BTC breaking through $98,500 and is now trading at $98,501.24, with a 24-hour increase of 0.84%. The market is volatile, so please be prepared for risk control.
  • Cardano's ADA Hits Highest Level Since May 2022 as Bitcoin Nears $100K and Capital Rotates into Alternative Cryptocurrencies

    Cardano's ADA has reached its highest level since May 2022, with evidence of significant participation from large traders in the on-chain activity. As Bitcoin approaches the $100,000 mark for the first time, capital is shifting towards alternative cryptocurrencies, generating excitement in the wider crypto market. Additionally, Bitcoin has broken a new record above $98,000, and there are reports that former US President Donald Trump is considering appointing a "Crypto Czar" and a crypto lawyer for SEC Chair. BlackRock's IBIT options launch has also contributed to Bitcoin's new ATH.
  • BCH breaks through $500

    market shows BCH has surpassed $500, currently trading at $521, with a daily increase of over 20%. The market is volatile, please be prepared for risk control.
  • Bitwise Bitcoin ETF's holdings exceed $4 billion

    Bitwise's official data update shows that as of November 20th, the BITB Bitcoin exchange-traded fund's position has reached 42,451.73 BTC, with a market value exceeding 4 billion USD, currently reaching 4,003,716,971.36 USD.
  • BTC breaks through $98,000

    market shows BTC has broken through $98,000 and is now trading at $98,001, with a 24-hour increase of 5.09%. The market is highly volatile, so please be cautious and control your risks.
  • BTC breaks through $97,000

    the market shows BTC has broken through $97,000 and is currently trading at $97,011 with a 24-hour increase of 5.28%. The market is volatile, please be prepared for risk control.
  • BTC breaks through $95,000

    the market shows BTC has broken through $95,000 and is now trading at $95,049.99, with a 24-hour increase of 3.75%. Market fluctuations are significant, so please be prepared for risk control.
  • BTC breaks through $94,500

    the market shows that BTC has broken through $94,500 and is now trading at $94,504.49, with a 24-hour increase of 2.99%. The market is volatile, so please be prepared for risk control.