1./ Today I saw some people talking about @staderlabs and how their APR is calculated.
I think it's a great protocol and it might be good to talk about them once again. I will dive into their APR, mechanics and the benefits for everyone who is staking $LUNA!
A thread ๐งต
I think it's a great protocol and it might be good to talk about them once again. I will dive into their APR, mechanics and the benefits for everyone who is staking $LUNA!
A thread ๐งต
2./ @staderlabs basically is a $LUNA staking platform. Take your $LUNA, stake it at @staderlabs and you don't have to worry about anything. They make a validator selection and take care of the auto-compounding.
3./ @staderlabs currently has three validator options;
- Blue chip, which are the highest performing validators;
- Community, the validators that contributes most to the community;
- Airdrop plus, validators providing their protocol's tokens.
You can choose between those three
- Blue chip, which are the highest performing validators;
- Community, the validators that contributes most to the community;
- Airdrop plus, validators providing their protocol's tokens.
You can choose between those three
4./ And auto-compounding? Do I have to? No. You can choose to either auto-compound or to retain your rewards.
The reason those strategies are inactive is that the community farming event is going on which means that your rewards are being converted to cheap $SD tokens
The reason those strategies are inactive is that the community farming event is going on which means that your rewards are being converted to cheap $SD tokens
5./ So why can @staderlabs offer higher APRs?
Two reasons:
1. Auto-compounding
2. Reduced gas fees
Let's start with the first
Two reasons:
1. Auto-compounding
2. Reduced gas fees
Let's start with the first
6./ When staking $LUNA you receive a lot of different rewards. You receive #Airdrops and #Stablecoins. Did you know that the stable rewards count for almost 40% of your rewards?
7./ Once you select the auto-compounding option those stables and airdrops will be converted into $LUNA which will from that moment on also start earning rewards. So you have more $LUNA working for you.
8./ Next, the gas fees. As @staderlabs calculated and posted in today's article, you pay around 182 $UST on fees only if you'd auto-compound your rewards daily yourself. By making @staderlabs take care of this, you save those fees. This is achieved because of economies of scale.
9./ But I think one of the most important things to clarify about today's discussion:
The APR on @staderlabs is calculated based on real values based on staking rewards and #Airdrops
The APR on @staderlabs is calculated based on real values based on staking rewards and #Airdrops
10./ Than there is one more thing left; $LUNAx
$LUNAx is the liquid derivative of staked $LUNA. You want t know more about it? Check my thread about it from yesterday:
$LUNAx is the liquid derivative of staked $LUNA. You want t know more about it? Check my thread about it from yesterday:
https://twitter.com/wolf_of_defi/status/1470011725848137728?s=20
11./ For now I think all important things there were to discuss about @staderlabs have been covered.
In my opinion it's a great protocol and once you like to stake your $LUNA, I can't find a reason not to do it at @staderlabs at the moment. ๐ฅ๐
In my opinion it's a great protocol and once you like to stake your $LUNA, I can't find a reason not to do it at @staderlabs at the moment. ๐ฅ๐
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