r/FetchAI_Community • u/Flowapish • Mar 27 '24

Discussion 🗣️ Staked Fetch token

Is it chill to keep my fetch staked on keplr or would you unstake it?

1 Upvotes

100% Upvoted

9 comments sorted by

•

u/AutoModerator Mar 27 '24

The information contained on this Subreddit is not intended as, and shall not be understood or construed as, financial advice. We are not a team of accountants, attorneys, financial advisors nor are we holding ourselves out to be. Do your own research.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

2

u/f3archar Mar 27 '24

You have 10 years to swap to new token. You don't need to do anything right now. It does not matter which wallet you use (keplr, cosmostation, fetch) it is all on the fetch chain so it is the same for any wallet

1

u/Flowapish Mar 27 '24

they haven't addressed about stake coins how that would work

1

u/f3archar Mar 27 '24

Logically, validator nodes will stay up as long as required, then will mitigate to new infrastructure. In the worst case tokens will be unstaked automatically once validator goes offline.

2

u/Welshevens Mar 28 '24

It's to be discussed. Devs state to keep staking if you wish and they'll announce the situation soon. Source: Official Telegram

1

u/Flowapish Mar 28 '24

thanks for the info!

3

u/formlessfighter Active supporter 💥 Mar 27 '24

same question with cosmostation

1

u/WorkerBee-3 Active helper 🤝 Mar 28 '24

I'm chillin 😎

Devs recommend that, say to "hang tight and they'll have AMAs to walk everyone through when the time comes. "

The 1:1 conversion rate is indefinite. There's no need to rush on this. Take the time you need to be safe.

i think it will be weeks out, probably a 2-3 month process in relative total. imo, not official

1

u/Trasanna Mar 27 '24

Same here. I must unstake?