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Apr 21, 06:10 PM
Coinbase to List Reserve Rights April 22; $DAG Staking Launches With 3% APR Plus Inflation Rewards
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DeFi
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Coinbase to List Reserve Rights April 22; $DAG Staking Launches With 3% APR Plus Inflation Rewards

Authors
  • Wu Blockchain
  • Orderly
  • Nansen 🧭
11

The cryptocurrency $DAG is showing signs of a potential bullish reversal, supported by whale accumulation and a long squeeze setup, with a key resistance level at 0.393547. A break above this could trigger a rally toward targets starting at $0.562546. Staking for $DAG on the Hypergraph network is imminent, offering a fixed 3% APR plus 45% of inflation emissions, with initial inflation starting at 6% and decreasing to 0.5%. This staking mechanism is central to the token economy and aims to support validators securing the scalable, feeless Web3 ecosystem. Meanwhile, Coinbase announced it will add support for Reserve Rights (RSR) on the Base network, with trading beginning on or after 9 AM PT on April 22, 2025, subject to liquidity conditions. Users are cautioned not to send RSR over other networks to avoid loss of funds. Other notable staking yields include OmniVault offering 107.9% APY over 30 days, Acala Network providing 36.3% APY for $ACA staking, and NECT by BeraBorrow yielding 26.65% APY for supply. Additionally, the Aptos (APT) token offers 7.25% APY with over $5.7 million in delegated assets. WalletConnect has launched a new campaign focused on staking, encouraging users to stake and earn rewards.

Written with ChatGPT (GPT-4).

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