[DEFI Yolos] Staking SCRT in KEPLR Wallet @24.5%/year
I like the name of this coin, it’s pretty interesting as it hides the transfer details behind a secret pass phrase you set. Which I feel is important, considering if you send ETH or BTC or anything else, all of your wallet and movements of funds can be easily tracked by anyone.
So, to play this game I bought around $100 worth of SCRT via Binance trading. Then I sent it to my KEPLR Wallet for staking. I am going with the official staking option direct from my wallet. After fees, the total actual balance I have is $96.1 or 15.62513 SCRT. (even tho it says 98.1, $2 of that is USDT balance)
I’ll stake all of my SCRT in the wallet by pressing the button.
After we click Stake, there’s a ton of options called Validators. DYOR because some are sketchy. They can’t steal your money direct, but they can go down and what happens then is you get slashed, aka they are charged a penalty which is then taken from everyone’s SCRT tokens that have been staked there. Read about validators and how they work right here.
After doing some research, and watching some Youtube videos from a year ago. I’ve seen CITADEL show up many times, reviewed their website and they have a real time and active in the community. Compared to the other validators which have dead telegram channels and barely any members. I’m a newb, so prob making a mistake here but decided to stake half at Citadel, and I’ll stake half at another validator with less fees to divide the risk.
So here we go 50% to CITADEL.one:
For the second 50%, I will go with HUOBI because they seem like a serious player in crypto and have history, and now they offer 0% fee.
And done, we have now 50/50 stake, one is 5% fee, the other is 0% fee, so it’s like getting 2.5% fee on both.
Some preliminary math:
If we earn 24.5% APY on this, we should have an extra 3.88 SCRT in one year. Or at the current price of SCRT, $23.91 more dollars. We will leave it until 2/18/2022 and then update this thread and see how we did.
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