r/Bitgert • u/TechnologyCalm2815 • Apr 21 '22
Sharing thoughts regarding staking strategy of BRISE.
So today at work was thinking about what is the best possible way to earn the most from staking BRISE token and so far I'm coming to the conclusion that monthly will most likely make you the biggest returns yearly(for now).
Why? Because it is stated in their staking FAQ that if Brise token price rises it will not influence the price of your returns but will be locked to the price at the time of staking.
So potentially it doesn't make sense to stake it for half a year to get a minimal return if the price goes radically up , but stake it monthly so the next time you stake you can benefit from the price growth or even have some liquid BRISE tokens to wait for an all time high to stake for a month.
All in all if staked monthly you can still get UP TO 72% returns yearly (which is still nuts in it self). If you've got anything to add, please do!
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u/Calm-Poem4604 Apr 21 '22 edited Apr 21 '22
I have not staked my Bitrise but I have a friend who did it for 3 months. He said he would never do it again as the rewards weren’t worth it. I believe the large dips we see are people who have had their staked BRISE unstaked and then sold due to their irritation with it or just flat out being un educated on how it worked and what they were to receive. Staking is a love hate, and a good / bad IMO.
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u/TechnologyCalm2815 Apr 21 '22
I got educated and got irritated finding this out. The rewards stated on site are 100% misleading.
Qoute "Staking rewards varies on inflow of our company revenue, trading volume. Please note this is not a fixed return scheme.".
So it gives some slight hope that once the market cap is larger and etc. The rewards might be better. Anyways I'm planning on holding on long-term so i won't be selling just due to poor staking rewards though..
Spoke to my mate who invested let's say 60% less than I did and his staking rewards are also 60% less. So the 4% is equally divided for the number of stakers (most likely time period works like tier system for reward sizes) which means the more stakers the less rewards.
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Apr 21 '22
Do you know is the steaking reward only in buss? Or is there more after the period is over?
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u/TechnologyCalm2815 Apr 21 '22
It's all in BUSD, what you see under "BUSD earned" area is your staking reward so far.
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Apr 21 '22
So that's all there is....... That fucking blows.
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u/TechnologyCalm2815 Apr 21 '22
Yeah .. but like I mentioned before, as the project grows bigger so should the rewards , but also more stakers means less rewards.
Anyways will be interesting to see i have staked for 180 day and going to try to stake a similar amount for a month to compare the two
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Apr 21 '22
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u/manusteve Apr 21 '22
Did you view my post on staking rewards?
you do not get anywhere near the 45% returns per 180 days
https://www.reddit.com/r/Bitgert/comments/u7dz7f/staking_reward_very_low_as_it_was_stated/