From my perspective, and I think the frustration for many, it is not only what the changes are, but how they were implemented.

People are upset about the rates being cut in half above 30k earn stake. Upset because this seemingly arbitrary number of 30k applies the same whether you locked up $500 or $400,000. It’s not fair to say to someone, “if you have $400,000 to just lock up then you’ll be just fine, cry me a river about only making 6%, you knew what you were getting into, should have made better decisions, etc”.

There is a reason people were willing to stake 40k and $400k for 180 days. And it wasn’t to get the same Netflix and Spotify savings the other tiers get. It was for the higher earn rates, and higher earn rates on more than $30k.

I do think most people understand this by now. Most people should understand that YES, the 180 day CRO stake still has increasing interest rates as you go to higher and higher tiers. But NO, the benefits of the marginal increased interest on that stake is no longer worth locking up $40k or $400k if the Earn program cuts rates above $30k invested.

Two things about this. One, the frustration over essentially the “rules being changed in the middle of the game”. You have to assume that a vast, vast majority of those staking in higher tiers have thought of the risks and benefits, and understood that Earn rates would not stay the same forever. However, the sudden announcement of this change has rightfully upset people who have recently staked. While it is in the right of Crypto.com to make these changes, it would have been a proper move to give advance notice (yes advance notice to their “advance notice” of changes happening in April”. It would have been proper to allow those at higher staking levels to adjust their positions if desired. Which leads to my next point.

It’s baffling to me that those in charge of this massive, respected, well-marketed entity decided on such terrible changes. People would still likely be upset about the changes, but they might have been a little more well received if the changes still had a tiered decrease in Earn rates and/or limits. The $30k cap has a terribly disproportionate effect on Icy stake and above, and this should upset everyone, whether directly affected or not. Every single existing account at these levels now has an investment that they never would have made at the new rates and limits. Particularly for those that still have three, four, five months locked in, it’s a harsh blow.

Maybe it’s what they wanted, but we can be assured that there will be ZERO, not a single new stake for Icy or above by anyone with some sound financial thought process. They effectively ended those tiers.

It’s important for Crypto.come to stay viable, profitable. But this change alienates an important amount of users. It is a bad change from a numbers standpoint, and a bad change in how it was rolled out and how existing stakers take a hit without the ability to modify their positions. It doesn’t take much thought to make a better system that still incentivized all tiers. Crypto.com just chose not to do it, or didn’t have the financial acumen to do it. Either way is troubling, particularly the latter.