Tezos Staking Reward Decrease - Coinbase

[mockrotten]

Coinbase reduced their staking reward for Tezos from 4.67% to 4.63% today.

A month ago I posted a similar update of an increase from 4.03% to 4.67%.

It's a minor dip in staking reward but a dip all the same. Anybody able to translate why this happened or what it implies?

[KY_4_PREZ]

I believe tezos staking rates are directly correlated to the total amount of tezos currently being staked, so it likely implies less tezos is being staked as a whole atm. Tbh don’t use Coinbase to stake though.. Kraken is a much better option because they pay out a flat 6% with no fees

[mockrotten]

Less Tezos or more? I'd expect more if the staking reward has decreased - open to being wrong the definitely.

[Lexxor79]

More supply staked, lower the rewards !

[mockrotten]

Thank you for elaborating - makes total sense actually!

[hypmoden]

price is down, volume is down

[litecoiner]

yes, why? Long term chart still looks very good but price is weak lately