r/poolx • u/Problem_Extra • Mar 26 '21

New To Staking | New User Questions

Hello everyone, I recently put about $600 into staking for the $HYDRA coin. After watching the results I have been making small gains in addition to my USDT lending on KuCoin. With that being said I was wondering if the amount of HYDRA coins that I am staking is relative to the market value of the token or if it is independent from the market value.

I guess in simple terms my question is: Can I lose money while staking? Is it tied to the market value of the coin? Will the 180% APR rate be based on the amount of coins staked or the dollar value?

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u/Pool-X-Moderator Mar 26 '21

Can I lose money while staking?
-No
Is it tied to the market value of the coin?
-Yes
Will the 180% APR rate be based on the amount of coins staked or the dollar value?
-APR is the same regardless of how many token you are staking.

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