03-26-2022, 04:22 PM
crypto.com just slashed staking rates a 2nd time without warning
<!-- SC_OFF --><div class="md"><p>Crypto.com met backlash with their original announced reduced rates. As of a hour ago they have immediately slashed rates a 2nd time. The original rate reduction didn't take into effect until April 4th but this takes effect immediately. </p> <p>Before they were increasing ETH stake rates from 6.5% to 7%. They have now slashed it down to 4% </p> <p>Stablecoins like USDC were going for 12% rates. Hell I just locked in the 12% 15 hours ago. They were reducing it down to 10% but with their 2nd rate slash it is now down to 8%.</p> <p>This is crazy and I don't expect crypto.com to last much longer if they are reducing rates without warning and this fast</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/BushyOreo"> /u/BushyOreo </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/toj26g/cryptocom_just_slashed_staking_rates_a_2nd_time/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/toj26g/cryptocom_just_slashed_staking_rates_a_2nd_time/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Crypto.com met backlash with their original announced reduced rates. As of a hour ago they have immediately slashed rates a 2nd time. The original rate reduction didn't take into effect until April 4th but this takes effect immediately. </p> <p>Before they were increasing ETH stake rates from 6.5% to 7%. They have now slashed it down to 4% </p> <p>Stablecoins like USDC were going for 12% rates. Hell I just locked in the 12% 15 hours ago. They were reducing it down to 10% but with their 2nd rate slash it is now down to 8%.</p> <p>This is crazy and I don't expect crypto.com to last much longer if they are reducing rates without warning and this fast</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/BushyOreo"> /u/BushyOreo </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/toj26g/cryptocom_just_slashed_staking_rates_a_2nd_time/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/toj26g/cryptocom_just_slashed_staking_rates_a_2nd_time/">[comments]</a></span>Kind Regards R