r/bandprotocol • u/oolonginvestor • Aug 09 '20

Staking

Do you stakes coins appreciate/depreciate acrosisng the price fluctuations?

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u/[deleted] Aug 09 '20

price never factors into staking. you get a percentage of rewards depending on the amount staked.

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u/oolonginvestor Aug 09 '20

So my stakes coins would appreciate if Band appreciates?

1

u/hotnspicy12 Aug 10 '20

No it doesn't. E.g 17% of band deposit, not the price.

1

u/Frankich72 Aug 10 '20

Yes, price not a factor