Today I was looking at what certain projects have for their staking APR as I am always constantly looking to add one or two more projects to my portfolio. The only difference is my portfolio has been based on use case and not about hype as I see this as the way to move away from the masses. The tokens I have selected have to provide a service that is required maybe not now being shown in the stats right now, but ones that will be big in the future due to the need.
The one site I came across was called Staking Rewards and even though they say it is live fed by various data I would still see it as a guide and not numbers to bank on as 100% accurate.
A prime example is I am invested in COTI and know exactly what I am earning daily. The current APR is 11.57% and has been as high as 30% due to volatility and liquidations. I am banking on 15% APR yet Staking Rewards states 25% and this is misleading as there are other opportunities in COTI where you could earn close to 46% with risk attached. They do say that the APR is an estimated yield per year based on real time data so that figure may be less or more than what currently is stated on the site.
There is a built in calculator so you just add your stake in the right project and the site calculates you earnings via the APR plus daily earnings compounded.
What is interesting to see is what APR is available out there even if it is a guide and not totally accurate. Some of these returns are insane and funny as I am not interested getting involved as how sustainable is this long term? The proper projects with real use cases that I am interested in are not involved in DeFi.
I never found Travala (AVA) which offers 11% which means they haven't got every project and this is no holy grail site and why I call it a guide. They have HIVE which was great to see and we know that staking is only part of the earning opportunity as there is so much more on offer.
One of my projects I have invested in but haven't staked as yet is VeChain and kind of disappointing at the APR on offer. They missed out you receive VTHO as an airdrop daily which could be important in the future.
I do think if you believe in a project and are earning even if it is a lowly 1% the price action should do the magic you are looking for long term over and above staking rewards. I see them as a bonus in VE Chain as this may not be great for passive income and why I will reach my staking target and leave it to build on it's own. This will be the exception to the rule in my portfolio as all the others offer a passive income or more down the road.
When you have a monthly figure you are aiming for in your head 1% is peanuts and price action has to be excellent. VET is currently in the 2 c range so if it hits 50c or more in the future this is more of an investment and not a monthly earner.
Summing up Staking Rewards gave me some ideas at what is available which is the information that helps you make important decisions.
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