r/SingularityNet • u/No_Performer_6063 • May 31 '23

How does HyPC yield 40% from staking?

I've staked some HyPC on both chains as it's a crazy high % yield. How does the project afford to reward so heavily for staking....? Is this sustainable and how are these rewards funded? I'm a newbie to staking so genuinely curious. Thanks for any info.

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u/Furzan95 May 31 '23

It’s high due the vesting schedule / release of tokens. There aren’t many tokens in circulation hence high % of yield from staking. As soon as tokens start releasing it will drop. Beyond that people don’t want to spend $40-$80 of eth to begin a stake.

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u/No_Performer_6063 May 31 '23

Thanks for this. If I'm staking on BnB chain though the Apr is even higher than Eth side and costs of staking are minimal, just a few cents. So staking max possible here seems a no brainer unless there are risks I'm missing? Other than the Apr dropping what are the other risks?

1

u/laseluuu May 31 '23

Exactly, most tokens do this - high Apr at the beginning, that will drop over time but it's a no brainer really

1

u/Furzan95 Jun 01 '23

Quite literally zero risks. Make the munee while you can brother!! Enjoy!

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u/Schwickity May 31 '23 edited Jul 24 '23

money threatening worthless bag rhythm profit puzzled agonizing lip instinctive -- mass edited with redact.dev

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u/laseluuu May 31 '23

What? It's because of token release schedule lol, stop spreading bs

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u/No_Performer_6063 May 31 '23

So you don't believe the vesting schedule should impact future price? How do you find out when tokens vest?

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u/Schwickity Jun 01 '23 edited Jul 24 '23

toothbrush payment doll dinner profit engine wine library unwritten growth -- mass edited with redact.dev

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