/biz/ - Business & Finance

Not intended to be fud. I own 50k LINK, I'm staking 10k currently and will likely move to 20k in 0.2.

But can we have an honest discussion about the APY? It's not competitive. If I wasn't so married to my bags I'd swap to a higher APY staking shitcoin in a heartbeat. 4.75% doesn't even compete with my savings account and there are plenty of 7%+ APY cryptos.

I know, I know... muh BUILD tokens. But this is non predictable income and I want to exclude this from the convo.

At such a low yield it'll be difficult to attract stakers at scale, won't it? And without getting enough LINK staked for collateral won't it therefore be difficult to attract large jobs, meaning payments for services never take over the APY to outrun it?

Do they assume once things are in full gear they can stop doing APY handouts and that the payments to stakers from jobs will be competitive enough?

I'm confused as to how/why they landed on a lousy 4.75%. Anyone have context here?