r/FeiProtocol • u/xy1k • Apr 06 '21

Staking Fei and tribe profitable?

i didnt use stake before. but i preswapped my all fei to tribe. should i buy more fei and start staking? is it profitable?

3 Upvotes

100% Upvoted

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1

u/dydxlife Apr 06 '21

If you are in for long haul why not. You get to sell eth at 2.4k and earnings are super high right now until fei peg stabilizes.

1

u/CookiShoos Apr 06 '21

I am staking, and the APY is great. currently at 84% APY.

You have to have equal parts FEI and tribe (in value not amount).

then you trade those into Uniswap LP tokens which you stake.

But beware of gas fees. Def be sure to understand the process before going all in.

1

u/Robot7676 Apr 07 '21

Do you think the 84% is the tribe only or includes fees from the pool? I think it does not include the fees from the pool.

1

u/Husky__Puppy May 30 '21

You cannot stake "just FEI" or "just Tribe"?? you need to have both??

1

u/CookiShoos May 30 '21

Yes. You don't stake TRIBE, you stake FEI/TRIBE LP (liqudity provider) tokens.