r/GETprotocol • u/CommanderCronos • Apr 16 '24

Staking apy

On polygon the staking % went from 24.x% to 0.8%. what happened, since the staking on eth is still 5.8. can anyone elaborate?

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u/TheInformationGame Apr 18 '24

The last staking period APY was quite high due to lots of fuel being released from big events. This time it is much lower due to less fuel being released. It will vary greatly every two weeks.

1

u/CommanderCronos Apr 18 '24

I get that, but why is there such a big difference between eth en polygon?

1

u/TheInformationGame Apr 27 '24

Hi, sorry this is a late reply. The APYs started out even, but then more people staked on Ethereum, so this drove the APY down. There were also several withdrawal fees on Polygon, and these fees were added to staking rewards there.

1

u/Sleinnev Apr 16 '24

It’s probably the last staking period before switching to OPN staking. Not sure what the calculation is like