Coinbase lowered their APY for staking ALGO from 6% to 4% (actual value 4% to 2.5%)

Recently, Coinbase has lowered their APY for ALGO, which you stake and earn by simply holding in Coinbase, from 6% to 4%. Coinbase takes 25% of your ALGO earned from staking so it really went from 4.5% to 3% for the amount you actually keep.

I highly recommend moving your ALGO to the official Algorand wallet which earns ~7% APY from staking according to ALGO's website. It's free and easy to use and you stake just by holding it in the wallet. You keep the entire ~7% earned from staking and moving ALGO is incredibly cost-efficient and fast. There's really no good reason to hold ALGO on any other platform or wallet. Just thought I'd make a brief post in case anyone wasn't aware of this!

Edit: As u/BuckNutty42 pointed out I can't do math. The 2.5% in the title should be 3%, my apologies. It has been edited in the body of the text