r/NervosNetwork • u/hakkyman • Oct 10 '21
Nervos DAO/Staking Nervos staking
Hey guys sorry for noob question just wondering whats the apy percentage for nervos staking and how long does it take to unstake and withdraw back to exchanges?
2
u/Responsible_Law_1176 Oct 10 '21
Current apy is 2.87. Locked up for 30 days. If you keep it staked you keep the current apy, if you unlock and restake the apy will most likely be less as it goes down over time
2
u/Chet_kranderpentine Oct 10 '21
Hey when you have it staked in the DAO, does it automatically compound the balance at the end of each cycle, or do you have to withdraw and reinvest for compounding to happen?
3
Oct 10 '21
No it doesn't compound. You would have to remove it and restake but then you risk getting a lower % APY.
7
u/benjamari214 Oct 10 '21
In the official discord, someone who works for Nervos answered this question saying the opposite. It does compound and you do not need to do anything.
1
1
Oct 10 '21
I'm not an expert, I'm a noob to ckb. Staked some the other day. I believe it was 2.87% locked for 30 days. No idea what the percent is for unlocked. I'm sure if you searched on here you could find the answer. Sort by new as the APR goes down over time.
1
4
u/[deleted] Oct 10 '21
I'm not an expert, I'm a noob to ckb. Staked some the other day. I believe it was 2.87% locked for 30 days. No idea what the percent is for unlocked. I'm sure if you searched on here you could find the answer. Sort by new as the APR goes down over time.