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LND Boost Requirements - November 2021
Platform News
Nov 2, 2021

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

By 1st of November, 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 6,674,194.75 or more tokens to qualify.

For Silver rates and perks, you will need to hold 1,730,000.00 or more tokens to qualify.

For Bronze rate and perks, you will need to hold 727,050.50 or more tokens to qualify.

Methodology

As of the time of the calculation, there are 212,795,683.52 LND tokens being staked on the Lendingblock platform.

To derive the above numbers, we took the total amount of LNDs staked and looked at 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 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 November and will not change until 1st of December (we will publish the new requirements around 24th of November).