This topic is intended to discuss the current rate and its increase in the next second round of rates PRP -zAsset 30-40% to attract new investors and a smooth transition to version 1
Until we have a CEX listing that lowers the barrier to entry by enabling withdrawals on Polygon, first, I don’t see much value to be added by increasing APR.
Unless we are discussing PRP APR here?
yes we can discuss this here too friend
I believe we need a higher Apr/apy than 10% to encourage people to not take out their zzkp after each 60 days expires. I did the math and on my stake it’s not interesting currently.
I agree, therefore, in order to prevent the collapse and sale of the token, we need to take care of this in advance
I agree that we need a cheap polygonal bridge, but a rate of 10% does not attract and will not attract even with a cheap bridge, there is an exception, it is that there should be a significant increase in the value of the coin, then we can vote again for a reduction in the rate this is called a floating rate
An increase in APR is good way to motivate investors. Let’s think of 30%
The benefit is large from the increase in the interest rate for staking. at the current price of ZKP, a rate of 15% is of little interest to anyone. this will attract new investors. all this time we see only the fall.
I definately think we should increase the zAssets reward rate - currently it shows 10% for staked rewards, earned in PRP, it should be higher than the advanced staking reward to make it interesting to remain staked.
yes we need to run for this PIP voting I think? who is in favor please comment on this.
and do we need to conduct another pip
I think increasing zAsset rewards rate is the best solution. 100% for this.
We should get @Joris input on how to proceed or initiate it, would definately be a vote
Yeah, I second this idea!
Great Idea…guys let’s put this to vote before the first batch of unstaking happens for people to plan their stakes better! Like everyone mentioned here…10% is super low…and if the rewards for zAssets that will be staked in the future are going to be based on PRPs…we really need to increase that number higher!
Great guys, I will ask for additional comments and rename this topic.
ok the correct wording here would be ‘Unrealized Reward APR’ - Currently set at 10%
Agree with this. Should be higher!
Ok friends just an update - I spoke to Andrew about that unrealized PRP thing and there is no need to do a vote on that now, it would be a waste of time. When V1 launches we need to vote on that and it would calculate backwards… - The value is ‘undefined’ at this point and what we see on the screen there currently is purely cosmetic.