Did you know up to a third of your staking rewards may get eaten up by gas fees?
Would you like to avoid that once and for all?
Here's how: ⬇️⬇️
Would you like to avoid that once and for all?
Here's how: ⬇️⬇️
First:
Remember that you receive 40% of your staking rewards in stables.
However, many #LUNAtics prefer swapping them to $LUNA.
This allows reaping the benefits of LUNA's long-term price appreciation.
Yet, this is also where gas fees wreak havoc on your rewards:
Remember that you receive 40% of your staking rewards in stables.
However, many #LUNAtics prefer swapping them to $LUNA.
This allows reaping the benefits of LUNA's long-term price appreciation.
Yet, this is also where gas fees wreak havoc on your rewards:
You see:
There are 2 steps you have to go through to swap stables for $LUNA:
- Claim stable rewards
- Swap stables to $LUNA
Each of these steps involve gas fees:
Claim = Min 0.15 $UST
Swap = Min 0.3 $UST
Total = 0.4 UST per event.
What does this mean in practice?
There are 2 steps you have to go through to swap stables for $LUNA:
- Claim stable rewards
- Swap stables to $LUNA
Each of these steps involve gas fees:
Claim = Min 0.15 $UST
Swap = Min 0.3 $UST
Total = 0.4 UST per event.
What does this mean in practice?
It means that every time you perform these two steps, you spend 0.4 UST.
Imagine doing it daily.
You could end up losing over a third of your stable rewards due to gas fees.
In fact, here's what it looks like in practice:
(assuming LUNA=87 UST)
Imagine doing it daily.
You could end up losing over a third of your stable rewards due to gas fees.
In fact, here's what it looks like in practice:
(assuming LUNA=87 UST)
Whether you do it more or less frequently...
Each time you'll have left fewer rewards in your pocket.
And you know what?
With manual compounding, the scenario gets much worse.
We explain it in greater detail in this thread:
Each time you'll have left fewer rewards in your pocket.
And you know what?
With manual compounding, the scenario gets much worse.
We explain it in greater detail in this thread:
https://twitter.com/staderlabs/status/1471907186771062794
Wondering how you can avoid all these fees?
At Stader, we do that for you.
First, we convert and compound your rewards on the fly.
We also work hard to do it at the perfect frequency, so you can enjoy the maximum yield possible.
Where do you start?
At Stader, we do that for you.
First, we convert and compound your rewards on the fly.
We also work hard to do it at the perfect frequency, so you can enjoy the maximum yield possible.
Where do you start?
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