Block Rewards on MANTRA DAO Staking
As of Friday, the block rewards on our staking pool have been reduced from 17 per block to 10. This is in effect a 41% reduction in APR on our staking pool. We are doing this to bring the APR yield closer to the original 77.7% target set out in our Whitepaper.
We expect there to be arbitrage as some people move their staking to the new L3P pool on Leprichain and we will actively manage the block rewards level as token holders move their tokens around. The staking pool on MANTRA DAO has a variable yield which will increase as the number of L3P staked decreases. The staking pool on Leprichain is a fixed yield of 77.7%.
The promotional period on APR will end on June 16th. We will announce APR after that period closer to the time.
Lepricon is a community-owned and governed hyper-casual games platform that allows stakers, developers, and gamers to enjoy the benefits of DeFi in a gamified way, backed by a vibrant community in which all participants receive rewards for positive contributions and interactions.
Lepricon will evolve into a Decentralised Autonomous Organisation (DAO) — an organization represented by rules enshrined in computer code; transparent and controlled by the network participants and not by a central authority.
For further information, please visit https://www.lepricon.io.
$L3P Contract: 0xdeF1da03061DDd2A5Ef6c59220C135dec623116d