$L3P Contract: 0xdeF1da03061DDd2A5Ef6c59220C135dec623116d
As of Friday, the block rewards on our staking pool have been reduced from 17 per block to 10. This is in effect a 41% reduction in APR on our staking pool. We are doing this to bring the APR yield closer to the original 77.7% target set out in our Whitepaper.
We expect there to be arbitrage as some people move their staking to the new L3P pool on Leprichain and we will actively manage the block rewards level as token holders move their tokens around. The staking pool on MANTRA DAO has a variable yield which will increase as the number of L3P staked decreases. The staking pool on Leprichain is a fixed yield of 77.7%.
The promotional period on APR will end on June 16th. We will announce APR after that period closer to the time.