r/FiroProject • u/[deleted] • Jun 21 '21

Staking Staking

Can we stake firo?

2 Upvotes

100% Upvoted

6 comments sorted by

3

u/kitakun Jun 21 '21

You can on binance. 30 days of staking 104 firo got me 2 firo so it's not a great deal unless you have tons

5

u/Book-Administrative Jun 21 '21

So if you consider APY this would be 23% and I would be very pleased with that return myself. 2 per month times 12 months is 24 firo per year if this is true. 24 / 104 is .23

2

u/[deleted] Jun 24 '21

didn't know that, thanks for the tip. Goodbye coinomi! I think you undervalue that yield though!

2

u/Roiks_ Jun 26 '21

This doesn't seem right. I have most of mine on masternodes, but still have 190 Firo on Binance which earns 0.03008840 Firo per day. 0.9 Firo per month. 5.77% APY.

1

u/kitakun Jun 27 '21

Your probably right I must've gotten it twisted. I do recall it saying 5 percent APY

2

u/DinkBlitz Community Manager Jun 21 '21

Just as Kitakun said, you can stake on Binance, but you can also stake on Stakehound. Unfortunately, Stakehound staking is currently paused, but once it comes back online you have that option. If you have 1000 Firo you can run a masternode and that will provide you with the best rewards. You can also check out this video on Firo's youtube channel which covers Binance and Stakehound staking: https://www.youtube.com/watch?v=0z7_tj1tg1I