Happy New Week everyone!
They say if you miss one bus there's always another right behind.
And I feel bad for people who didn't get in on the first staking round for
$SCBK, especially as I had to close it down to new funds so quickly.
So here's phase 2. Distinctly less generous, but that means it's sustainable. Delivering 1% per week, locked up for a month at a time, if you restake at the end of every month you'll be looking at 68% a year reward.
Sustainable long term from my end, because if 100M gets locked up I just need to buy or allocate 1M tokens each week to cover the rewards.
And I've dropped 10M in there for starters.
Staking is working out much better than airdrops because a) I found I'd sent millions of tokens in airdrops to Jupiter gas account and other infrastructure wallets, which are wasted rewards as they'll dump them as soon as they notice them b) It's hard to reward people strictly in proportion to their investment (but it's automatic with staking) and c) sadly there were many times when a generous airdrop just led to a big celebratory token dump and actually depressed the price.
So, the staking is beautifully balanced in rewarding both buying and holding, letting me get on with the serious business of price support.
Which is the next stop. We've been hit by a double whammy of Solana falling 7% and some big OGs dumping 7M or more, so time to get working on that market cap again. Let's drain the liquidity pool and all benefit from the rising tide.
Oh yes, the new staking pool is below. Nothing to do if you're still locked in at 1% a day until November, except pat yourself on the back for your foresight.
For everyone else, go grab your 1% a week and reassess in a month when you can unlock it!
app.streamflow.finance/staki…
Have a great day all!