If you read my previous tweets you know what is $AZIL by @AvelyFinance . Now I'm going to give you one of examples how you can use $AZIL. It will give you better APY and it will also allow you to be more flexible with your staked $ZIL. Read this thread if you're interested🧵
Imagine you have 100,000 $ZIL for example. I decided to use some beautiful digit🤑 to show you the algorythm. You divide this sum by 2 parts - now you have 50,000 $ZIL and another 50,000 $ZIL. First part you stake with @AvelyFinance and get $AZIL.
Feb 24, 2022 • 12 tweets • 4 min read
Imagine you have $ZIL now. You decided to stake it instead of selling it in the middle of a bear market 🐻. You can use standard Zilliqa staking and get ~13% APR. It's not bad, but you can only withdraw if after 2 weeks. Want to know how to optimize it? Then read this thread🧵
What are the limitations?
Your $ZIL is locked in staking and you don't have access to it.
You can always withdraw it but you need to wait approximately 2 weeks ⏳ (30800 blocks). And during this time you will not get rewards.
No automatic restaking.