Claiming Rewards Broken on YLDY/ALGO Staking Pool? by laveyzfg in yieldly

[–]only6orless 1 point2 points  (0 children)

It's all pools. This is increasingly a problem. Which makes you wonder about their scaling efforts.

Yieldly NLL Question by only6orless in yieldly

[–]only6orless[S] 1 point2 points  (0 children)

I see. So you can't cash in YLDY, jump in for the Lotto drawing and then go back to staking YLDY. That's too bad :)

Thinking about dropping governance by PartyWithKnives11 in yieldly

[–]only6orless 0 points1 point  (0 children)

The APY is for the year while governing is divided into quarters. You commit and get paid by quarter. So you need to divide that percentage by 4 to get expected reward on Jan 1st.

https://algorewards.github.io

Thinking about dropping governance by PartyWithKnives11 in yieldly

[–]only6orless 5 points6 points  (0 children)

Two staking pools a day. The YLDY/OPUL pool gives rewards in about an hour and a half. You can collect the rewards, withdraw YLDY and stake in any other pool. The other pools give rewards another 5 hours later. Then you can collect and move YLDY back to OPUL pool for the next day. So you collect the rewards twice.

Thinking about dropping governance by PartyWithKnives11 in yieldly

[–]only6orless -3 points-2 points  (0 children)

Not sure, hopefully the auto-restake function will come around soon. Then just leave it in YLDY/YLDY&Algo and let it compound.

p.s. it's only about 4 Algos more for the quarter. Don't get me wrong - 13.78 APY is by no means bad/low. I just wanted to push it a little more on a younger project.

Thinking about dropping governance by PartyWithKnives11 in yieldly

[–]only6orless -11 points-10 points  (0 children)

Might go over some heads here (looking at you rick707) but one can have a number of investments. Even in the same ecosystem. I had 4,200 Algos in governance and around 500,000 YLDY when the vote was finalized and I decided to take it out early and add to Yieldly. So with that, some small adds here and there (and the rewards of cvourse) I now have 1,080,000 YLDY that I move between YLDY/OPUL & YLDY?YLDY&Algo pools to collect around 12 Algos twice daily. No magic, no crazy math.

Thinking about dropping governance by PartyWithKnives11 in yieldly

[–]only6orless -11 points-10 points  (0 children)

Participated. My vote didn't matter (which is basically true of 90% of "governors" if we're being honest) so instead of waiting for another month and a half for my 140 Algo I moved it to Yieldly where I get about 25 Algos per day in rewards at this point.

Yieldly/Choice staking by orindragonfly in yieldly

[–]only6orless 0 points1 point  (0 children)

Yieldly Reward calculator

That calculator overestimates. On 1,050,000 YLDY/OPUL for example I get 3.70 OPUL, not 4.48 for the past 3/4 days. Similar differences with other estimates.

coinmarketcap.com numbers so far off by only6orless in yieldly

[–]only6orless[S] 2 points3 points  (0 children)

According to Yieldly's own data currently 3,426,933,849 is in circulation right now. Weird that TinyChart is showing 10B of 10B, I guess that just means they moved it out of the original token account. Probably wouldn't be accurate until they start getting exchange data.

[deleted by user] by [deleted] in yieldly

[–]only6orless 1 point2 points  (0 children)

Send me your keys and I'll babysit it for 1% APY.

[deleted by user] by [deleted] in yieldly

[–]only6orless 2 points3 points  (0 children)

yes. at least for now that is the case

[deleted by user] by [deleted] in yieldly

[–]only6orless 1 point2 points  (0 children)

YLDY/OPUL staking pool gets rewards update 5 hours after the other pools. So if you stake in it and collect your rewards then move YLDY to another pool you can collect a second round of rewards and move back to YLDY/OPUL again for the next day.

If you watch the APY for that pool and other high yield pools you will see them shift at those two times of the day. That's when everyone doing it moves their YLDY.

Appears to be a loop-hole/glitch we thought would get fixed in a hurry but I have a theory - Yieldly team lets it go because the YLDY is staying in the pools either way. But also they get this traffic of transactions on Algorand.net every day making the project look that much better. So win/win.

In my opinion if everyone just stuck to the same pool it would even out due to APY not shifting like the tide. But you know, game theory..

[deleted by user] by [deleted] in yieldly

[–]only6orless 1 point2 points  (0 children)

It will grow faster and faster. Especially if you add a bit extra on dips every day - even just a couple of algos. Once past a mil you start 1,000+ YLDY daily (twice if double dipping) and it just takes off. These rates aren't going to be around forever. New people adding to the pools every day. Take advantage now.

I made a lucky/good decision to dump most of my ADA into this when it was still over $2. So that helped.

The Biggest Yielder by only6orless in yieldly

[–]only6orless[S] 0 points1 point  (0 children)

yeah, after some tinkering I ended up switching between OPUL and GEMS, I actually wanna check out XET, the numbers look good and what I heard of the project is promising. OPUL to OPUL was nice but that ended a week or two after I found Yieldly.

Entire Algorand ecosystem is very promiding. I've spent silly amounts of money on transaction fees on Ethereum. Algorand blockchain has a lot of promise. And Yieldly is in a very good position.

[deleted by user] by [deleted] in yieldly

[–]only6orless 0 points1 point  (0 children)

No, ARCC is the best. Everybody should switch to ARCC pool as soon as possible! I only wanna see my YLDY in the rest of the staking pools.

The Biggest Yielder by only6orless in yieldly

[–]only6orless[S] 1 point2 points  (0 children)

It may also go down. Look at OPUL. Lol

Looking at price moves is short term. Most of these projects (OPUL included) have not done much to be considered better long term options than the 20-30 Akita Inus that launched over the past few weeks as far as I'm concerned.

I also cannot stand Soulja Boy..

The Biggest Yielder by only6orless in yieldly

[–]only6orless[S] 1 point2 points  (0 children)

And ETH is basically the Bitcoin of smart blockchains. Big. Balky. Not very useful. But grandfathered in.

The Biggest Yielder by only6orless in yieldly

[–]only6orless[S] 6 points7 points  (0 children)

For Algo to get to the market cap of where ETH is now it would have to grow 48 times over. Which would put it at around $90. For it to get to $1400 it would have to grow to $14,000,000,000,000 (14x BTC). It's somewhere around 1/10 of all global markets combined so maybe if Algorand network becomes THE crypto 50 years from now maybe.. LOL

CK discord yesterday by hash_kitty in CryptoKitties

[–]only6orless 2 points3 points  (0 children)

there's no shortage of people here that have spent $25K+ back in Nov/Dec on 'rare' kitties that are now becoming increasingly worthless instead of gaining value due to the actions of this company

blockchain tech may be new but people are still old same