SingularityDAO — Unbonded Rewards Update

Greetings Singularitarians,

Just a quick update regarding unbonded rewards on both Ethereum and Binance Smart Chain. Now that SingularityDAO the platform, the project and the community have matured and built a strong foundation. The time has come for the SDAO token to do the same. For this reason, from today you will notice a reduction in unbonded staking a yield farming rewards.

Recently we have been working hard, doing what we can to lessen the selling pressure that our token has been experiencing. One of the requirements therefore is a reduction in the rate of inflation. As the dispersal of tokens from our generation event comes close to ending, it does mean that it is also time to lower the unbonded rewards for both staking and yield farming.

With the recent announcement of our partnership with Autofarm, we increased unbonded staking rewards by 3x for 7 days. When that ends, you will see the other changes come into effect alongside the removal of the 3x bonus. While unbonded rewards will be low from this time forward, we will be doing more of these short term boosts around important launches and events, so don’t expect this to be the last time you see such exciting APR’s. The hope is that all of these things in combination, while meaning slightly less SDAO reward will be quickly balanced out by the performance of the token.

Bonded staking will be unaffected by these changes.

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