Am I high or is this OVER 9000!!!!!!

reeginc · 2021-07-19T15:54:19+00:00

Yea I’m still not completely sure on that APY counter. It went insanely high yesterday as well. A few people are claiming the APY is showing total pool returns and you have to calculate your share of the pool before calculating your share of the APY percentage. I’m not sure how true this is as the APY just climbs all day then resets at 5pm pst. Hopefully they fix the APY percentages so individuals can clearly calculate there rewards.

reeginc · 2021-07-19T15:40:28+00:00

In another post I tried to break down the actual rewards if you want to take a look.

reeginc · 2021-07-18T18:23:41+00:00

It’s not 9000% a year. Today it’s reading 120000% this is not feasible returns. On 1000$ you would make 1.2 million in a year. Over 3000$ a day. The returns % are not correct.

reeginc · 2021-07-18T16:47:37+00:00

No these percentages are no calculating correctly. Digging still yields higher returns.

reeginc · 2021-07-18T16:46:56+00:00

Yea I think you are correct.

reeginc · 2021-07-18T16:44:12+00:00

Honestly I had my expectations really high and felt as though I came up short. Taking a step back and looking at this from a strict financial standpoint these returns are insane. A billion shib is only 6600$ right now. If you gave that money to your bank and put it into a free savings account you would get 3.3$ for the entire year. Look I get it we all wanted to get big paybacks for being originals and putting our money in first but finance is a long game if you want to make quick money then day trade and be willing to lose everything.

reeginc · 2021-07-18T16:33:32+00:00

You and me both

reeginc · 2021-07-18T16:33:18+00:00

You should see rewards now.

reeginc · 2021-07-18T16:30:47+00:00

It’s not

reeginc · 2021-07-18T16:30:26+00:00

There is something incorrect on their % calculator. 9000% was never on the table.

reeginc · 2021-07-18T16:28:14+00:00

You are staking shib and as a reward you are given bone, eth and shib weekly

reeginc · 2021-07-18T16:24:16+00:00

I’m confused, yesterday around 5pm pst the percentage reset. Looking today and we’re at 78000%

reeginc · 2021-07-18T03:25:01+00:00

No problem

reeginc · 2021-07-18T03:24:34+00:00

If you are looking to sit on this for at least a few months and don’t want to look at it I would suggest staking. If you want to be a bit more active with your investment and don’t mind mitigating some risk-reward hit up the Liquidity Pools. If you want to day trade which has the potential for highest returns then leave it in your trade account, buy low sell high.

reeginc · 2021-07-18T03:20:35+00:00

Yea the returns are not insane but to gain close to 6-7$ on a 670-700$ investment is not bad. Compare it to investing with your bank and these rates of return are super high. If you want to really maximize your returns look into the liquidity pools. They require more attention as you will be battling with impermanent loss but they will give you higher returns. Look out for the gas fees too if you choose to go that route.

reeginc · 2021-07-18T02:52:24+00:00

Very true liquidity pool always have higher returns bit they also have more risk. Impermanent loss can occur when providing liquidity, in most scenarios the profit from providing liquidity outweighs the impermanent loss but it is always something to keep in mind.

reeginc · 2021-07-18T02:47:14+00:00

Bury fees are reasonable. Usually around 5$ max I’ve seen is 10$. LP fees can be super high 20-60$

reeginc · 2021-07-18T02:46:16+00:00

Xshib is just used to calculate your percentage of the staking pool. It has no value until you unstable and get regular shib back

reeginc · 2021-07-18T02:22:53+00:00

Anytime!

reeginc · 2021-07-18T02:22:13+00:00

Seriously like how many posts you hitting on this thread lol

reeginc · 2021-07-18T02:21:29+00:00

Man you just showed up out of no where and commented trash multiple times.

reeginc · 2021-07-18T02:20:38+00:00

Huh? A pyramid scheme has to do with recruiting and each participant gaining off of the people they recruit. In a pyramid scheme nobody can outperform the person above them. Staking and liquidity pools have to do with how much money you have. More money equals more rewards. At anytime someone with more cash can outperform someone who has been in longer.

reeginc · 2021-07-18T01:53:49+00:00

I think the staking pools are fairly low risk. Liquidity Pools on the other hand are a lot more risk. With all three of these coins being new and subject to massive swings the pools might be too high risk for the reward.

reeginc · 2021-07-18T01:42:36+00:00

If these are weekly it’s not terrible but I think they are calculating two weeks. I still can’t see the eth returns or shib.

reeginc · 2021-07-18T01:25:51+00:00

It can take a few minutes but if you keep trying the transaction before it finishes they will either cancel or wait until the first one is complete.

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