KR1 plc - Update on Revenue from Polkadot Staking Yields
PR Newswire
Update on Revenue from Polkadot Staking Yields
KR1 plc (KR1:AQSE), a leading digital asset investment company, is pleased to provide an update on the Company s revenue from staking activities on Polkadot ( DOT ). KR1 has generated a further 77,542.92 DOT since the last staking update announcement in December 2020, all of which have been sold at an average price of US$23.83 per DOT token, realising US$1,847,518.00 for the Company.
The accrued revenue from KR1 s Polkadot staking activities had been impacted recently due to a migration process of the Company s Polkadot staking operations over the last quarter, which involved multiple unbonding procedures, during which no staking revenue accrued for twenty-eight days. The Company is pleased to have finalised this process and resumed the staking of a large majority of its DOT position to continue generating revenues for KR1 s operations.
KR1 plc - Update on Revenue from Polkadot Staking Yields
PR Newswire
Update on Revenue from Polkadot Staking Yields
KR1 plc (KR1:AQSE), a leading digital asset investment company, is pleased to provide an update on the Company s revenue from staking activities on Polkadot ( DOT ). KR1 has generated a further 141,564.69 DOT since the last staking update announcement in August 2020, all of which have been sold at an average price of US$5.63 per DOT token, realising US$796,942.58.
KR1 has generated more than 194,631.69 DOT from staking yields over the last six months since Polkadot migrated to a Proof-of-Stake network on 18 June 2020. The Company has now realised the entirety of its generated DOT staking yields to date, which netted the Company a total of US$991,745.54. The Company plans to maintain its staking of a large majority of its DOT position to continue generating revenues for the Company s operations going forward.