MultiversX Tracker is Live!

I earn less via staking the more ETH advances in price?

Etherum Reddit

More / Etherum Reddit 108 Views

Hi, I've been playing around with Staking Rewards' calculator for ETH.

According to Staking Rewards' calculator, if there's been a hypothetical 60% advance in ETH's price, I actually earn at a lower rate of return from staking than if ETH's price remained unchanged.

ETH is currently at $3,685. Let's say I invest $100 in ETH. If ETH advances to $5896, my one day staking return is $1.29. But my 7 day return is $5.84. Shouldn't it be $9.03 (7x 1.29)?

I didn't have this calculation problem when ETH's price remained unchanged from $3,685.

Any help would be appreciated. Thanks.

submitted by /u/northwestmathguy
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments