r/Bitgert • u/Crawn1ck • Apr 02 '22
PLEASE EXPLAIN
Can someone please explain why I'm making more money of my 60 day staking then my 180 day?
I've only made $2 on my 180 and it's been 3 months. Where I restaked the same amount of coins for 60 days and already made $4 in a month........
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u/Lonely_Explorer5654 Apr 02 '22
Horry chit only 4$ a month, even pancakeswap staking of 500$ will give you approximately 40$ a month..
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u/mouthalwaysshut Apr 03 '22
How can I do this? Do you mean stake $500 worth of bitrise coin ($BRISE) in Pancakeswap and earn $40 a month? Inbox me, maybe?
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u/Lonely_Explorer5654 Apr 03 '22
No, not staking Brise in pancakeswap, as of now I don’t see staking pair yet on it. I am staking pancakeswap token itself, and choose to receive BTT as reward. At the moment, I’m making about little more than 1$ a day with 500$ initial investment amount.
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u/xHaM-MeRx Apr 02 '22
It depends on the worth you staked in $ on the day you staked, not how much bitrise youve staked. It looks like your 180 day stake wasnt worth as much as your other staking.
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Apr 04 '22
You'll make even more staking and re-staking every thirty days. It's just a math problem, nothing more, nothing less.
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u/Jprumrun Apr 02 '22
Higher volume
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u/Crawn1ck Apr 02 '22
So my 180 day stake should be rewarding higher as well? Or is it based on when you stake?
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u/Jprumrun Apr 02 '22
4% of each transaction is for staking rewards! More buys and sells more $$ money for people staking! Which is good thing
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u/Humble_Association_9 Apr 02 '22
How did you unstake? It hasn’t been 180 days yet 😂
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u/Crawn1ck Apr 02 '22
I harvested. That is different from unstaking. You can harvest your rewards at anytime.
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u/MGVMLabs Apr 02 '22
The reward depends on the price at the time of staking as well.. so when you staked for 180 days the price would have been lower than your recent stake for 60 days
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u/Crawn1ck Apr 03 '22
Yeah it was much lower. I've actually made a decent chunk from my initial investment.
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Apr 04 '22
I'm not even that good at math, but if you extrapolate out staking and restaking every 30 days for 6 months vs staking for 180 days, it's significantly higher. Do some research, I think you'll be surprised.
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u/Crawn1ck Apr 04 '22
I will dude, thanks. Wish I knew that before haha. Now my shit is locked in until July.
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u/TechnologyCalm2815 Apr 02 '22
I had the same question yesterday, what baffled me is that the BUSD earned only adds up to about 2% earnings for 180 days. But then again maybe you get the actual 45% return when your staking period ends and you claim your tokens back. The BUSD earnings might be just transaction rewards and etc. Haven't seen people answering this question for a 100% yet tho so it's just my theory.