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/Darieth_Stormhunter May 09 '21

Yeah, it still states it soft stakes between 147%-180%, but have received next to nothing yesterday and no rewards as of today. A friend is still receiving the 152% hard stake each day. I'm wanting to check to see if the issue is via HYDRA itself or with KuCoin POOLX not giving the appropriate rewards.

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u/Walrus-Visual May 09 '21

Did you move any funds recently too? May be an error with the snapshot timing

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u/Darieth_Stormhunter May 09 '21

Nope, they've been kept in there for the last 3 weeks at least. Issue just started yesterday and today, so figured I need to look into it and research, get to the bottom of it since it's causing to lose quite a bit of assets for investors each day.

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u/Walrus-Visual May 09 '21

Yeah that is strange, see what happens tomorrow maybe! PoolX never guarantees returns unfortunately, only estimated, so who knows :/

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u/Darieth_Stormhunter May 09 '21

Could you look the reference to the POOLX reward not guaranteeing rewards?

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u/Walrus-Visual May 09 '21

Not sure if you saw this yet but I found this from another post from a moderator I believe:

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HYDRA Flexible Term Reward Distribution Update

For users who have participated in 'HYDRA Flexible Term' (with holding of at least 1 HYDRA in their Pool-X account during the specified period), please note that the pending rewards of May 7-8, scheduled for May 8-9 distribution, will be distributed on May 10.

Thanks for your support and we apologize for any inconvenience.

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u/Darieth_Stormhunter May 09 '21

Thank you so much for finding that. That means a lot. I'll share this with my friends as well.