Kona Reports $KONA Staking Cap Oversubscribed, Expanded Capacity Coming

The KONA staking cap has been reached and oversubscribed, @KonaDeFi announced on July 5. In a dashboard graphic shared with the post, Kona reported total stakes of 373,820.76 — 124.6% of the 300,000 cap — with a current staking APR of 1.71% and 3.00 Points per block. Kona is a DeFi protocol on Abstract offering trading, lending, and yield products. Expanded staking capacity will open soon, allowing more users to participate. This milestone underscores strong demand for KONA staking rewards.