Not sure if this is good or bad for the
$arena price short term, but at least those who stake their tokens now on the MOAT app won’t want to unstake them because of the .05% unstaking fees.
I personally was going to lock all of my
$arena for a year but I refuse to pay +$400 to unstake and then lock them.
It’s unproven to me that $400 would be made back by this action.
This tax seems high without a proven return.
In the meantime I have my
$arena staked on moat and ready to be taxed when I want them back 😢 😡 😭