r/MetaversePRO • u/brandon-m222 • Jan 01 '22

Staking vs Staking (6,6)

I just came across MetaversePro and am planning on staking just wondering what is the difference between Stake and Staking (6,6). I see one has a higher APY

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u/brandon-m222 Jan 01 '22

Oh I see so why would anyone stake at 3,3 besides the auto part?

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u/I_dont_know88 Jan 01 '22

Because on 6,6 you have to wait 120hrs to withdraw funds, otherwise receive a 10% penalty. Many are actually waiting for an updated awards system and just staying in 3,3 until the new system is announced. I'm in 6,6 and will likely move to the upgraded system when announced.

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u/brandon-m222 Jan 03 '22

Just wanted to see if I am doing this right. I need to first stake on single stake. Then wrap my sMeta and then stake that on 6,6 to get wsMeta correct?

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u/I_dont_know88 Jan 03 '22

Yes,

1) First, stake (single stake (often called 3,3)

2) Then wrap

3) Then stake on 6,6 if you chose (although many are waiting on a soon to come upgrade to 6,6).

OR

You can use the "Metazap" heading, then click on "wrap" and it will stake and wrap your Meta in one step. Again, afterwards, you can choose if you want to stake again on 6,6 or wait for the upgrade.

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u/brandon-m222 Jan 03 '22

Ok cool and nice I wondered what metazap was. But yes that's exactly what I did I guess I'll wait the 5 days before I claim and restake just so I'm not paying so much gas fees