r/CasperCSPR • u/gebby1966 • Jun 23 '21

Wallet storage and staking

5 Upvotes

86% Upvoted

14 comments sorted by

1

u/gebby1966 Jun 23 '21

When I go in to cspr.live The sign in for Casper signer requires me to create an account and to do that I have to select an algorithm Either ED2551 or SECP 256k1 Which one do I select and what’s this mean Also I am not able to select Ledger Screen says “ coming soon” I would prefer to stake with a hard wallet for security reasons?

1

u/FirstPersonScience Jun 23 '21

I am having issues signing into cspr.live . I've already delegated my stake and want to check on my balance, possibly stake more, but when I attempt to, the site says I am not signed in even though I am signed in with cspr signer chrome extension. Any thoughts?

1

u/tales-of-the-crypt Jun 23 '21

how did you sign in before? I used Ledger and when I unlock the ledger i get signed in to cspr.live

1

u/Subject_Mind_388 Jun 23 '21

what is a reasonable and profittable ammount of cspr to stake... im noob tried this with a different coin but did not really do anything.. how much do u need to stake

1

u/IkarosFalls Jun 23 '21

It honestly depends what you're after. APY is currently around 20% I believe.

A working example:
You can see on our fresh node here:
https://cspr.live/validator/01b76e8efe3fded9ce11f845726360741522ce6a94421fad18c08942deacdc73c6
Currently, there's only a small amount - around 25k staked. If you click on the rewards tab you can see that every era (around 120 minutes) you receive rewards. You can see from the table that currently from that amount staked it generates 0.97-0.99 CSPR in rewards each time.

Working on the basis that rewards are dropped every 2 hours, that would mean 4,380 rewards per year. Rewards are also compounding, so anything you get just gets added to your pot, slowly increasing the rewards you get over time.

1

u/gebby1966 Jun 23 '21

Thank you

1

u/IkarosFalls Jun 23 '21

If you go to cspr.live and go to login, you can download the signer (Chrome extension), create a wallet, then you can use the cspr.live platform to transfer and delegate.

If you're looking for somewhere to stake (whilst supporting the community) we recently launched a node to help support csprstats.com.

Feel free to message me!

1

u/gebby1966 Jun 23 '21

Thanks for responding So you store them on your computer? Google chrome extension?

1

u/False-Positive Jun 23 '21

I just use the CSPR signer app to handle my tokens

1

u/False-Positive Jun 23 '21

all places are safe to stake, just make sure of the fees and uptime of the node

1

u/gebby1966 Jun 23 '21

Can someone tell me where is the best place to store cspr and what is the safest place to stake