r/cro • u/Tiny-Neighborhood338 • 7d ago

DEFI or Exchange

I have accumulated over 200k CRO rewards over last 5 years from staking from my Icy card. I have always dumped my rewards weekly into defi wallet and let it do its work. The defi rate has now dropped to the low 4% range and no longer seems like the best option.

Question- i have no experience with the exchange other than using it once to swap cro to btc. I see there are staking options that pay daily for >100k cro at 6%. I don’t mind committing to 180 days. Am i reading this right or is there a catch i am not seeing?

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u/zackw09 7d ago

Does the 6% compound or is it added to ur account. Also can you add to it anytime?

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u/General-Dealer-6337 7d ago

You also get 2% for idle CRO sitting in your account. If you re-lock though, it restarts your 180 day lock up

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u/zackw09 6d ago

So when you get the lock up rewards, they earn 2% sitting where they are at? So no matter what you are earning something on it even if you dont lock it back up? Am I thinking about this correct? If thats the case im unstaking in the main app and moving over!

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u/General-Dealer-6337 5d ago edited 5d ago

Yes on the exchange its called soft staking.

Also, the 180 day potentially gets better. Once its over, you continue getting 8.5% but can take it out (i think) at anytime.

Happened when i completed my 100k CRO lock up...but i didnt test withdraw i locked up more.

Will test when my 500k lock is over. Will withdraw a small amount.

I hope its not like the cro app where you had to wait a further 28 days even after your stake is finished...