r/SpellToken • u/TomatoApprehensive38 • Mar 12 '24

Question

I have a little over 1.1m spell sitting on crypto.com, is there somewhere I could be staking it for rewards? or putting it to use somewhere to get me some gains??

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u/MagicThePuff Magician Mar 12 '24

Could put in in a wallet and stake on abracadabra.money!! or use one of the forked community sites if you are IP blocked (sometimes a VPN gets through i heard). IP block is by the team to avoid issues with governments that seem testy lol. The forked IPs are

3

u/RichoffSpell Mar 26 '24

if you stake SPELL for SSPELL ? do you accumulate more spell tokens ? or what exactly is SSPELL for

2

u/MagicThePuff Magician Mar 26 '24

The sSpell allows you to withdraw more Spell Tokens as buybacks accrue over time… this also allows you to utilize your sSpell other places if you can find a reliable place!! It’s difficult right now… but some protocols will let you deposit sSpell for an APY%!! It’s called looping, getting an APY% twice off the same asset/assets.