TechFlow news, NFT marketplace X2Y2 announced an error was discovered in the initial parameter setup of the staking rewards contract during its staking halving event.
X2Y2 stated that the staking halving began at block 14408224, reducing the APR from ~1000% to ~160%, significantly lower than the intended 500%. After investigating the issue, the team identified a mistake in the initial configuration of the staking reward contract parameters.
Due to the incorrect parameters, 56% of the total 200 million rewards were distributed in the first 30 days instead of the originally planned 18%. X2Y2 noted this may have been a primary driver behind the intense selling pressure experienced to date.
Add to Favorites
Share to Social Media
