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The APYs are hugely misleading because they assume compounding, which is impossible because of disabled staking, but this is directionally right The bigger issue is why Terra 1 isn’t reopened now - it’s consistent with your rumor that a new algostable on T2 is in the works
Still assumes reinvesting is allowed, which it is not But again the bigger issue is that it allows Kwon to control the burn efficiency/ swap tax rate. With over 50% of staked LUNC he could theoretically tax any hostile takeover recapitalization at nearly 100% ie steal it
Also, it seems like Jump sold their staked LUNC staked LUNC went from 3xxm to 611m when TFL staked 244m new LUNC and then locked everyone out That total has fallen back to 360m now Only Jump had that much to sell
APR = Annual Percentage Rate APY = Annual Percentage Yield
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