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LND Boost Requirements - December 2021
Platform News
Nov 26, 2021

As the month of November is approaching the end, we are publishing the new requirements for the LND Boost tiers. 

By 1st of December, you will need to stake the below number of LNDs to qualify for the respective tiers.

For Gold rates and perks, you will need to hold 2,426,902 or more tokens to qualify. 

For Silver rates and perks, you will need to hold 1,281,789 or more tokens to qualify. 

For Bronze rate and perks, you will need to hold 413,095 or more tokens to qualify. 

Methodology 

As of the time of the calculation, there are 259,272,154.89 LND tokens being staked on the Lendingblock platform. 

To derive the above numbers, we've taken the decision to exclude a number of large LND holders who are associated with the company from the calculation methodology. This decision was made because a handful of users drastically skew the Gold tier requirements upwards. After the exclusion, looking at the remaining users, we then took the 90th percentile balance (for Gold), 75th percentile balance (for Silver) and 50th percentile balance (for Bronze).

Next steps 

If you would like to top-up your LND balance to qualify for a new tier, then you can deposit more LND tokens this and next week. The amount you require for each tier is displayed on the Rewards page once you are logged in.

The new LND Boost required amounts will come into play on the 1st of December and will not change until 1st of January.

Next week we will also be publishing the results of the LND Rewards program.