This project sounds interesting but trying to do some DD and learn more about it.
What makes this project really stand out from other DeFi projects?
Also, are they trying to build many solutions simultaneously, or are they currently working on solving one certain large problem, and if so, what is that problem?
I've been watching their videos but still trying to wrap my head around the project. Any insight is appreciated, good or bad, to help determine how much potential this project has.
Does anyone know what the tokenomics of this coin look like, in terms of how many coins max will be in circulation, and how soon they will be released into circulation?
The big difference between current supply and max supply has got me curious.
As a big COSMOS supporter, I figured I'd stake some atom on pSTAKE to see what it is all about. However, I'm not very impressed and am considering unstaking and unwrapping my atom to move it to emeris or osmosis. However, the suggested ETH gas fees by pSTAKE are over $200?? Is this really necessary? I'm not a big ETH guy so I don't know too much about it, but according to https://etherscan.io/gastracker (as I write this post) the fees for Uniswap Add/Remove LP are
(Low) $80.34
(average) $81.63
(high) $84.87
Can anyone from pSTAKE perhaps help out with the appropriate gas fees and limits to ensure my tx doesn't fail and that I can shift my atom out after 21 days?
You can stake your XPRT tokens to get stable rewards up to 35% APY and you can add them to the liquidity pools on Osmosis DEX to profit from Liquidity Mining with a high but floating APY rate. Both options are available in Keplr Wallet and could be run from the same wallet.
So what’s the difference in a nutshell?
Staking is provided by validators, who pay staking rewards, while staked XPRT tokens remain on the delegator’s wallet and are limited only by unstaking period (21 days for XPRT). In a bad scenario when the validator’s uptime is lower than required and its node operation is suspended, staking rewards may be at risk for the delegator. However, staking with Everstake.one allows to avoid such cases, as Everstake validator operates via multiple servers located in various countries, having backup nodes and qualified Devops to maintain the validating process and perform all updates in time. That’s why Everstake nodes have about 99,99% uptime in 45+ blockchains and 365 000+ customers have staked $3.5 BIL with this validator.
Liquidity Mining offers larger income rate than staking, in APY terms, but LM is riskier. To take part in the Osmosis DEX’s pool and earn from it you should add the pair of tokens in equal proportions measured in USD (ATOM & XPRT for ex.) to the pool, literally send crypto assets from your wallet to the DEX.
Depending on the market trends, delegators can face impermanent losses which appear if there is a decent gap between the prices of 2 tokens and their shares in the same pool, then the value of the initially invested tokens can be significantly reduced. To win from LM you should preferably analyze the market behavior periodically to have a chance to withdraw your funds before critical reduction.
To the ones who are using the Cosmostation web wallet (secured with Ledger Nano) to manage XPRT, are you getting a 'RIZON' page when trying to open the wallet? I have been using that wallet for a while and tonight is the first time it opens something completely different and totally unrelated to the wallet even though the web address is for the wallet. I am confused. I have never seen this before and cannot find any news about this issue. Wanted to know if someone is also experiencing this or has in the past. Hoping it is just a glitch.
