Wondering why #bitcoin staked on #Corechainđ¶ïž has drastically dropped?đ€
1. Lock time expirationâïž: The lock time for staking #BTC on Core ranges from 10 days to a month. If the lock time has expired, the staked BTC will be redeemed by users, hence dropping the staked amount.
2. Withdrawal of staking rewardsđ€: Staking BTC on Corechain rewards users with a percentage yield over a period of time. If users withdraw their staking rewards, the amount of staked BTC will decrease.
3. Decreased demandđ: If there is a decreased demand for staking BTC on Corechain, the amount of staked BTC will drop.
4. Technical issuesđ : Technical issues such as network congestion, transaction delays, and other technical problems can cause a decrease in staked BTC.
5. Market fluctuationsđ: Market fluctuations can affect the price of #BTC , causing users to sell or withdraw their staked BTC, thus decreasing the amount of staked BTC.
Don't fade on @CoreDao_Org
Shocking times aheadđ¶ïžđđ§âĄïžđ
