Streamflow has introduced an innovative Active Staking Rewards mechanism that significantly benefits its stakers. This initiative not only enhances the staking experience but also strengthens the overall economic model of the protocol, as the source notes that it aims to create a more sustainable and rewarding environment for participants.
Staking Annual Percentage Yield (APY)
Currently, the staking Annual Percentage Yield (APY) stands at an impressive 24.6%. This high yield is made possible by the allocation of 31.7% of the protocol's revenue towards buybacks for stakers, creating a direct incentive for users to actively participate in the staking process.
Active Staking Rewards Mechanism
The Active Staking Rewards mechanism is designed to bolster the liquidity position of the protocol, ensuring that stakers are rewarded for their commitment. By redistributing revenue back to the community, Streamflow aims to foster a more engaged and robust ecosystem, ultimately benefiting all participants.
In a related development, Cardano has recently made significant progress in the cryptocurrency market, focusing on practical applications and smart contract deployments. For more details, see further information.
