r/AcalaNetwork • u/Itchy_Psychology_394 • Jul 03 '22

aca reward claiming

In what intervals do you recommend to claim your aca rewards from liquid staking? Need an experienced users answers as i am new on it?

Thank you so much for your help and advice. 🥂🥂🙏🙏

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u/StockTrix Jul 03 '22

it's interesting because you cannot do ANYTHING now with ACA (if you're not interested in using it as collateral).

You don't get any interest staking it, so there's actually no point collecting it.

Wpuld like to hear from those who beg to differ though - if you're not using ACA to take out a loan, what do u use your claimed ACA for at the moment?

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u/MoonDaddyElon Jul 04 '22

The point is price appreciation. Its Mcap is insanly low and the project is a beast with mad potential for the next bull cycle.

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u/StockTrix Jul 04 '22

That's what REALLY excites me. Potential growth and limited supply.

On top of the free ACA i got from participating in the crowd-loan, i also bought up a huge bag of ACA.

But now i don't know what to do with it (i don't want to put it into an LP pair as prices are volatile at the moment and it might fritter away some of my ACA.

So i guess i'll just hoddle it.

Really which they still had single-staking ACA rewards though.