I use crypto.com, and keep eth on there earning interest, but the rate is so low

I had been debating staking CRO to get their credit card since the start of the year, but was unsure ab crypto.com

Wishing I did back then tho :lol I am currently staking CRO for their cc, but it's gonna take ages now

Don't you get the credit card as soon as you stake?

I also found another DAO.

https://app.spartacus.finance/#/stake

Paying 4,274,564.2% APY

If I did my math right a $300 investment will be worth over 12 million in a year.

This shit is getting out of hand.

Put in 300$ you pussy :accepted:

What is it worth now?

I'm guessing since TIME has gone up that a better way to tell is the starting amount and current amount of TIME tokens?

I dunno I don't think so, I just started the process on tuesday

But the staking process is gonna be 6mo that's forever :/

How about 1,140,921,541.7% APY? haha

https://app.onedao.finance/#/stake

what makes one safer than the other? OHM vs all the copies

From my understanding you can apply for the card as soon as you stake your cro for 180 days.

According to reddit 15 days ago the APY was 7 billion.

Can someone explain WTF staking actually is?

Why do some coins allow staking and some don't? What is the difference between holding a currency, and staking it? What are the risks as opposed to simply holding?

Staking is like buying a savings bond

Risk is the value of the coin plummets and your coins are locked in for X period so you can't pullout

Staking update.

OHM DAO

1.229 OHM Nov 5th

1.496 Nov 22

Kilma DAO

.725 Klima Nov 09

.909 Nov 22

Time DOA

.0083 MEMO Nov 16

.093 Nov 22

2600usd with the price going down. Still plenty in the green and making roughly 48usd a day as of today

I have about 1000 CRO from back in the day. I just decided to lock it in to get a CC and then I'll just cancel the card. It will free up another 400 CRO for me that way

Really interesting site. https://daox.org/ It allows anyone to create a DAO fast and easy.

There has already been a DAO that raised money to try to buy one of the original copies of the constitution and we now have one that is trying to buy a NBA team.

The way a DAO works is everyone who is staked gets a vote the more you have staked the more your vote is worth. Anyone can put forward a proposal.

https://academy.horizen.io/assets/po.../dao/DAO_D.jpg

RS could use a DAO to raise money to build a racetrack or an automotive workshop.

https://decrypt.co/86601/krause-hous...o-buy-nba-team

https://krausehouse.club/

Have you found any good spreadsheets to for Time and Klima?

anyone in hive or hut?

https://docs.google.com/spreadsheets...gid=1032613482

You have to make a copy to make changes but sometimes the copy option does not show up.

anyone using binance for crypto?

thats exactly what I was looking for thanks!

How to stake Spartacus DAO.

Add the Fantom Opera network to Meta Mask.
Add the Spartacus token to Meta Mask.
Get some FTM token for the gas fee's. You only meed a few cents worth. There is an official Fantom Opera discord with a faucet but I could not get it to work so I saw a post on reddit giving some away. I got .5 worth and still have .4581 worth of FTW. If anyone wants one hit me up.
Buy the Spartacus token on hotbit using USDT.
Sent token to Meta Mark.
Stake on the Spartacus DAO website
Add the staked spartacus token on Meta Mask.
enjoy the 1,618,279.8 APY.
The APY is dropping fast. It was over 2 mill yesterday.

How do you guys go about filing your taxes for crypto?

i dunno, my accountant deals with it hahaha

You will get the credit card as soon as you apply and are approved.

The six months holding period is a locked in amount, it's like giving them a free loan for six months. Kind of like how TD makes you put a min. deposit in your account for perks.

I'm not an expert, so if someone with more depth can chime in, please do.

Staking a coin is for coins that are "Proof of Stake".

You need coins to validate the blockchain. You know how you need computers to mine BTC, this is because BTC is "Proof of work" when you mine BTC you get a reward for doing so. Staking is like "mining" without a computer. This is why I feel old school "mining" isn't efficient, the initial cost of a mining rig is so expensive compared to just staking your coins instead.

People are getting staking and yield farming and earning/lending confused all the time.

When you stake, you are in full control of your coin, the risk lies with the rewards you get. If you are in a shitty stake pool you can lose all of your rewards (but you won't lose your principle). Also, you are hoping the rewards you get are actually worth something

What most of you are doing is yield farming not staking. You're providing liquidity on DEX's (Decentralized exchange, like sushi swap or uniswap), so people can trade in and out of coins/tokens. By providing this liquidity, the DEX will give you a reward as a thank you.

Liquidity is the ability for people to buy and sell or trade their crypto. Imagine you go to Sushiswap and you want to swap your BTC for USDC, if there is no USDC on sushiswap, you will not be able to trade your BTC for USDC. Then you'll say, "Man Sushiswap sucks, I can't even trade my BTC because they have no liquidity, I guess i'll just go to Pancake swap instead, they always have liquidity". This is why it's so important for these dexes to incentivize people to provide liquidity on the dex, the incentive is usually a reward in the form of the dex's coin/token.


edit; After looking at these DAO's, this is not yield farming, I was completely wrong. This is staking. I thought DAO's were like liquidity pools, they are not. Apologies.

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