I hope that STEEM applies for Upbit staking service.
Upstaking, Upbit exchange's staking service, provides the staking service of 5 types of cryptocurrencies for Upbit users instead of them.
There are ETH(Ethereum), ATOM(Cosmos), ADA, SOL(Solana), MATIC(Polygon). The staking yields are different each other.
Now, the STEEM price is under the STEEM Hair Cut price which is between $0.255 ~ 0.29. For now, the APR(Annual Profit Ratio) of the STEEM is around 20%. It depends on what kind of projects you have been delegating SP(Steem Power).
STEEM has many SP delegation projects and platforms such as @h4lab, @upvu, @upex and @nixiee. I think when the STEEM price is under the STEEM Hair Cut price, Upbit can provide less than 10% profits. Because, to do the sustainable business, they need to take the operational fee.
You know, Binance exchange provides the staking service for STEEM. Regrettably, it provides around 2% APR 🥲 I hope that many exchanges provide the STEEM staking service.
This comment is for rewarding my analysis activities. Upvotings will be proceeded by @h4lab and @upex
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