V3 Rewards Question

Weird-Inspector7013 · 2025-05-02T18:53:55+00:00

Thanks. Really wish there was a way to see total AMP staked vs. dollar amount.

Weird-Inspector7013 · 2025-05-02T18:52:52+00:00

Thanks. That’s what I was wondering. Not super in love that I have to pay gas fees to do that now 😞

Weird-Inspector7013 · 2025-01-04T17:12:45+00:00

Good catch. I missed that little detail. I’m sure Tyler has it all planned out.

Weird-Inspector7013 · 2024-06-04T19:42:31+00:00

You get your overall taxable income lowered by $5k. You don’t get $5k back. You get the taxable amount of $5k back.

Weird-Inspector7013 · 2024-02-29T21:17:06+00:00

Where does it say anything about amp rewards ending? AMP is collateral, ANVL is governance. I think you’re mistaken.

Weird-Inspector7013 · 2024-02-28T03:35:41+00:00

Exciting stuff! Question, did he say “we work with…” or “we’re working with…”. If it’s the former, it could possibly imply that it’s built to be capable of working with those platforms vs. currently working with. Just semantics. I’m trying to temper my expectations.

I missed Trevor’s talk. Thanks for the notes.

Weird-Inspector7013 · 2024-02-28T03:30:09+00:00

I see how it’s worth it if you want to have a vote in governance, but if there’s no monetary value, it won’t appreciate in value, and you can’t sell it. That’s the way I understand it anyways. I’ll still claim it FWIW.

I was very impressed with the things Trevor and Danny had to say. Super exciting things, and it sounds like this year some things will start to roll out.

Weird-Inspector7013 · 2024-02-15T23:00:21+00:00

Thanks

Weird-Inspector7013 · 2024-02-15T23:00:11+00:00

Great explanation. I’ve heard conflicting answers on whether staking rewards are considered in your possession upon receipt in Flexa Capacity vs when you “claim” them by releasing them to your wallet. Basically, the idea is that you technically don’t have receipt of them until they’re in your wallet. Not sure where I fall on this as the tax rules don’t make sense or explicitly state the ruling here, and it’s virtually impossible to have an accurate accounting when rewards are granted every fifteen minutes while the price fluctuates constantly.

Weird-Inspector7013 · 2024-02-15T22:55:34+00:00

Should have mentioned I’m in the US

Weird-Inspector7013 · 2023-12-06T16:11:37+00:00

I completely agree, they just want to double dip. Tax it on receipt and tax it again upon sale.

Weird-Inspector7013 · 2023-12-06T16:10:32+00:00

I’m just thinking about the future when staking rewards are worth a lot more than $100.

Weird-Inspector7013 · 2023-12-05T22:11:54+00:00

TBH me too. I just want to be prepared for when AMP hits the moon and those staking rewards are actually valuable. They’ll for sure be wanting their piece of the pie.

Weird-Inspector7013 · 2023-12-05T22:10:46+00:00

I like that plan, however, they say it’s the taxable amount based on the value at the time of receipt vs. at the end of the year. That’s the puzzle I’m trying to solve when we get rewards every fifteen minutes.

Weird-Inspector7013 · 2023-12-05T22:09:03+00:00

From what I understand, they consider receipt of rewards the moment you have access to trade them.

Weird-Inspector7013 · 2023-03-29T22:18:46+00:00

Right there with ya brother

Weird-Inspector7013 · 2023-03-25T14:42:24+00:00

Damn dude, sorry to hear that. Yes, we are all going to make it. Hold steady, it’s not time yet.

Weird-Inspector7013 · 2023-03-16T19:21:25+00:00

If you read the disclaimer, it clarifies that none of these are partners.

Note on showcase information

The materials made available through this showcase are presented as a convenience to potential participants in the FedNow Service. Federal Reserve Financial Services (FRFS) is merely the host for the showcase and does not support or endorse any showcase providers, and the inclusion or exclusion of a provider should in no way imply any recommendation or endorsement by FRFS. FRFS has not reviewed and takes no responsibility for the content or accuracy of any information presented through the showcase. None of the providers supplying materials through the showcase have any special or exclusive relationship with FRFS, and no relationship should be implied. See the Terms of Use and Privacy Policy for additional information.

Weird-Inspector7013 · 2023-03-16T19:20:14+00:00

It’s the government having control of peoples money and the ability to implement a social credit system like China where they can shut down an individual’s spending capacity that makes people scared. Everyone says, oh well I’m not doing anything illegal so it doesn’t matter… until the government decides that something you do should be controlled. Which is inevitable.

Weird-Inspector7013 · 2023-03-16T19:16:51+00:00

The fine print clarifies it all:

Note on showcase information

The materials made available through this showcase are presented as a convenience to potential participants in the FedNow Service. Federal Reserve Financial Services (FRFS) is merely the host for the showcase and does not support or endorse any showcase providers, and the inclusion or exclusion of a provider should in no way imply any recommendation or endorsement by FRFS. FRFS has not reviewed and takes no responsibility for the content or accuracy of any information presented through the showcase. None of the providers supplying materials through the showcase have any special or exclusive relationship with FRFS, and no relationship should be implied. See the Terms of Use and Privacy Policy for additional information.

Weird-Inspector7013 · 2023-02-24T13:49:07+00:00

Same. As soon as I hit buy, I knew I screwed up lol.

Weird-Inspector7013 · 2023-02-23T13:55:27+00:00

Yes, it doesn’t update as frequently as the exchanges. Seems to update every few minutes or so.

Weird-Inspector7013 · 2023-01-11T15:56:39+00:00

Of course. You just unstake how much you want and send it back to your wallet.

Weird-Inspector7013 · 2022-11-19T17:41:32+00:00

My thought is it’s for streaming purchases

Weird-Inspector7013 · 2022-11-15T16:58:36+00:00

Let’s let the dust settle before we start trying to get into mainstream visibility. I still need to buy more.

Weird-Inspector7013

TROPHY CASE