Avalanche network staking options

[Izaan]

There seem to be a few projects where staking APY is ridiculously high. I myself threw about $1000 in just to see how it goes and have made something like $50 in 3 days. I will list the two options I know most about below.

1. Wonderland 89,051.4% apy

Wonderland price today, TIME to USD live, marketcap and chart | CoinMarketCap

2. Snowbank 786,833.3% apy LOL

Snowbank price today, SB to USD live, marketcap and chart | CoinMarketCap

Just for transparancy, I put $1000 in wonderland and will probably do the same on snow bank.

The rewards you get from staking goes absolutely parabolic if you stake the tokens for over 150 days. There are some calculators available to see potential gains.

always DYOR and manage your risk!

 

So how come you only made 50$ with 1k invested if apy is 89,051.4% ?

It would have to be 2430$ gains per day at that apy or am i wrong ?=

 

[Izaan]

So how come you only made 50$ with 1k invested if apy is 89,051.4% ?

It would have to be 2430$ gains per day at that apy or am i wrong ?=

The rewards are substantially increased after 150 days of staking. I have made $140 in 1 week so far. I have attached an image with a calculator and will explain.

In order to be conservative, I have made an assumption that the actual token value loses half its value and that yearly apy decreases from 95000% (current) to 40000%.

note - as demand goes up I would expect token value to increase.



After 30 days, I would have lost around $150-200.

90 days - gained around $1400 profit

180 days, gained around $10k profit

after a year, $250k profit.

I can provide you with a link of this calculator should you want to play around.

 

i guess thats not the same way of staking as it is on binance.

on binance you can stake axis rn at 115% apy which means you get every day paid around .315% which is insane looks like scam lol.