The Crypto.com (CRO) project has made large cuts to the interest rates for staking on the platform, with the motivation of making it sustainable, according to a tweet from October 14. However, the manner in which these cuts were introduced has sparked criticism from the community.

• Crypto.com drastically reduced one of its most attractive features, its high-interest rate for staking by 14%, from 20% to 6%
• CEO Kris Marszalek said that the incentive reduction was necessary since it would make growth sustainable by balancing it with profitability
• The project recently reached the 5 million user milestone, growing 5x in the last year; this was partly due to the high interest rates that users could leverage, up to 20% on the exchange
• The initial interest rate cut reduced staking rewards to 1% (flexible), 2% (1-month), 4% (3-month) and 6% (6 months)
• These interest rate cuts were criticized by the community, both for the rates and the short notice on which it was introduced; following this, the team updated the rates the following day on October 15
• While the new rates were more or less double that of the previous figures, some in the community members have called this a disingenuous marketing strategy, saying that the new interest rates were planned all along
• The community’s disapproval centers around the idea that Crypto.com is deliberately introducing unfair rates and then attempting to win favor by “listening to the customers”
• While a sizable portion of the community has voiced their concern, others have agreed with the interest rate cut, saying that it is indeed unsustainable
• The CRO token has dropped 26% since the original announcement and is currently priced at $0.109