As announced earlier, the higher APY was introductory to celebrate our mainnet launch with our community. To ensure the long-term stability and sustainability of our ecosystem, effective on 25th May 12PM UTC, the APY on staking will be reduced as follows:
Tier 1: 17.5%
Tier 2: 7.5%
Tier 3: 4.5%
Please refer to this article to know how the tier mechanism works on GLQ Staking.
Also, please make sure to claim your rewards regularly before the update as the unclaimed rewards would also get reduced as per the new tiers. With our staking mechanism generating real-time yield and gas fees so low on GLQChain, you can’t afford to miss out.
Thank you for your continued support as we work together to build a stronger and more resilient GraphLinq Chain. We’ll soon announce other ways to contribute to the network and run GraphLinq Engine to earn GLQ rewards. If you want to run a node on GLQChain, check out our documentation for the same. Stay tuned for more updates on our progress!