Not really savvy in the ongoing of these things I should probably learn more so here it goes… how do these work? Interest % has risen slightly but not enough to warrant the big jump in earnings
Not really savvy in the ongoing of these things I should probably learn more so here it goes… how do these work? Interest % has risen slightly but not enough to warrant the big jump in earnings
U/petervancee - this is the answer. “Staking” does not mean all protocols are doing the same thing
Staking ETH is contributing to validating the chain, and getting rewarded.
Staking LRC is joining a pool that gets a % of protocol fees. The more fees generated (trading, NFTs, sending etc) the bigger the pool. So to answer your Q, it is going up because there are more fees being generated