I received an email a couple of months ago (it may have been longer than that) informing me that Travala were reducing their staking returns from 24% APY to 12% APY.
HOWEVER, I just upgraded my SMART level to to L3 and I find out that the APY is now 8%? I most definitely DID NOT receive notification of that downgrade!
Still, I didn't have to actually actively buy any AVA to go up to Smart 3 - I'd been at Smart 2 a while and with the reduction in the amount of AVA required for each level the amount I'd accumulated in my wallet got me some of the way there!
The rest I gained from pooling some AVA on BEP - and because Rune and AVA spent most of the last couple of months bouncing around I'm up on both sides of that equation - so I just pulled out enough to boost my SMART level to level 3.
Although I'm not sure that's entirely rational - 8% APY compared to 55% APY in the Rune-AVA pool - but the way Rune is going I think I'm better off with LESS in my Rune Pools - in fact I pulled out around 25% of what I had staked a couple of days ago.
The fees you earn are good but I'm not so sure about the IL situation, the bane of every pooler's stake.
Maybe that's why I feel more comfortable with simple direct-staking platforms like Hive and Travala?!?
There's much less math involved!
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the staking feels a lot easier indeed..
what I found out in my wallet today. If you have kucoin shares in your kucoin wallet you also get extra tokens for this. It is starting to add up now for just doing nothing. Maybe something for you?
Yep, it sucks and probably will go down even more while the price keeps going up.
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I read an article about rune saying they would pay liquidity providers slippage fees, which should offset some of the IL. Did you receive slippage fees?
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I think they do this on the Mainnet, but I'm not sure if they do it on BEP.
I guess I should know this!>!
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