{"id":138833,"date":"2024-10-08T10:00:32","date_gmt":"2024-10-08T07:00:32","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=138833"},"modified":"2024-10-07T23:19:02","modified_gmt":"2024-10-07T20:19:02","slug":"are-crypto-staking-rewards-losing-their-allure","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/are-crypto-staking-rewards-losing-their-allure\/","title":{"rendered":"Are Crypto Staking Rewards Losing Their Allure?"},"content":{"rendered":"
Analyst Ignas, known for expertise in decentralized finance, revealed that the staked tokens of EigenLayer (EIGEN<\/a><\/strong>) have surpassed its available circulating supply. This development reduces the allure of staking rewards and may impede the growth of altcoin prices.<\/p>\n Current data indicates that approximately 2.42 billion EIGEN tokens are staked, whereas only 1.86 billion are actively circulating. This difference arises because investors can stake their \u201clocked\u201d tokens, meaning those not currently traded in the market contribute to the staking pool.<\/p>\n Additionally, the high volume of staked tokens compared to the circulating supply results in diminished annual percentage yield (APY) rates. When APY is lower, new investors may lose interest in acquiring the asset for staking, further complicating efforts to boost the altcoin\u2019s market value.<\/p>\n