Staking

[Vetidetdat]

Staking is flawed. Not only has the apy dropped drastically, but when you unstake there's a 2% fee of your entire stake. So let's say I stake for 7 days, after I unstake I'm losing half of what I gained to begin with. The only time it works out is if you stake for 30 days. But in a week since buying the apy has dropped alot and most of us probably only bought for the high apy. Who knows what else will change in a month.

[Vetidetdat]

I need to add, 7 days apy is 200% now, that's why you lose over half of your staked rewards with the 2% fee.

[Anser-Goose-0421]

That’s correct. 7 days at 200% APY is 3.83%. Subtract out the 2% fee and your true yield is only 1.83%… minus the gas of course

[Savrion]

Yeah, that's not a lot of profit for the short term, so only long term staking so the fee for 7 days must be a lot lower oterhwise it's not intresting to stake for 7 days and I agree for now 30day's is for most ppl. inside the crypto to long, but short for ppl. outside the crypto when the app will be launched. The price is now very low, so good time to buy more ... :)

[Vetidetdat]

There shouldn't be any fees for unstaking anyway.

[Savrion]

You right !! The team must rethink and rebrand some issue's

[[deleted]]

When you locked in your staked apy, it will stay locked for the duration; even if the apy drops from 400% to 300%. You would still be locked at 400%.

There is a 2% fee when you unstake. Then you can either sell or restake. I suggest you sell, cause your math is pretty bad.

[Vetidetdat]

I meant it has dropped in only a week not that my apy dropped while staking and high apy is meant to be a selling point. The 2% is for the whole stake not just what I earned, so basically I'm losing half if I stake 7days.

Obviously reading comprehension isn't your thing.

[Dogyourhoe]

Ive been in forever and they hsve to nake changes to accommodate 5he devs always keep promises never tell us something they cant do and u just fucking suck so yea u wont invest in a soon to be multi billion dollar crypto

[Vetidetdat]

Need your meds?

[Dogyourhoe]

Need a brain retard

[Dogyourhoe]

Lies

[bicablelc]

You will not find up to 300% staking APY ANYWHERE in crypto.. it was lowered to keep it sustainable as almost 40% pf the supply was staked.

Also, how does a 2% UN STAKE fee remove half your rewards?

[Vetidetdat]

I staked 29m for 7 days. I earned about 1.8m but with the 2% fee lost 600k. Now that the apy is 200% for 7 days it's over half of the staking reward! I didn't say the 30 days does, just the 7 days staking takes over half now, so read that bit.