Dear Poloniex users,
Poloniex will be adjusting the APY rates for USDD. The details are as follows:
- The APY for USDD soft staking will be adjusted from 8% to 6%.
- Reward calculation:
USDD reward for a user = The user’s total USDD holding *6%* Number of snapshots showing the user’s total USDD holding/365 days/4 (number of snapshots taken each day).
- The new period for calculating USDD staking rewards after USDD adopts the adjusted APY will be December 20, 2022 00:00–January 3, 2023 23:59 UTC.
Please note: The first batch of offerings on Poloniex Earn are Polo Earn products. The official subscription for Polo Earn will take place on January 4, 2023 at 00:00 (UTC) . After the Polo Earn subscription opens, the current staking schemes for TRX, USDD, BTT, and WIN will be suspended, and all unpaid staking rewards will be paid out in the next month. To continue earning income on your assets, you may subscribe to the corresponding investment product through Polo Earn.
- Learn more about Announcement on Launch of Poloniex Earn
- Learn more about An Introduction to Poloniex Earn
January 3, 2023
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