2023-03-01 17:53:44
Hey Nimbus Affiliate Program users,
It has come to our attention that there has been some confusion surrounding the changes with APRs and the rewards generating for old Staking with 40% and 60% in the Affiliate Program.
We would like to let you know that users who had their deposits in the old staking plans with 40% and 60% APR no longer receive rewards if the lock-up period is over. However, if the deposits are still locked for these staking plans, users will continue to receive rewards until the lock-up period is over.
This is because of the nature of Hard Staking and Soft Staking in the DeFi industry. The APRs in Hard Staking are higher, but at the same time users' assets (main deposit) become locked. When the main deposit is unlocked, it can no longer be considered Hard Staking, and rewards with the high APR are no longer accumulated.
In order to start receiving rewards again, users should open new hard staking or use new button
Restake. So if you still have your assets in the staking plans with old APRs (40% and 60%), you may withdraw the main staking body as well as the rewards and restake them with new conditions and new APRs (30% for one year; 20% for 6 months).
We understand that these changes may come as a surprise to some users, but we want to reassure you that they were made with the long-term health and sustainability of our program in mind.
Thank you for your understanding, and we look forward to continuing to provide a reliable and sustainable staking experience for our valued community members. If you have any further questions or concerns, please do not hesitate to reach out to our Support team.
Stay tuned!
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