Discover and read the best of Twitter Threads about #YieldProgram
Most recents (1)
Yesterday, #SwissBorg announced a major change in the long-term strategy for the $CHSB token and the whole company. The token price then collapsed. In this thread you will find a summary + my long-term view for Swissborg regarding the recent strategic changes: 1/Thread
⚠️2/ #CHSB Yield program to be discontinued: The biggest shock was the announcement that the CHSB #YieldProgram will end this month. CHSB stakers received lucrative yields based on their staked $chsb amounts. This cost the project around $8M in 2022.
📉3/ #swissborg cited several reasons for discontinuing the Yield program:
-Unsustainable long-term for the ecosystem due to high costs
-Failed to increase #CHSB price
-Negatively impacted price development by reducing token trading volume
-Hindered token listing on exchanges
-Unsustainable long-term for the ecosystem due to high costs
-Failed to increase #CHSB price
-Negatively impacted price development by reducing token trading volume
-Hindered token listing on exchanges
