NO. IT IS TOTAL THE TRUTH FRIEND.
I ALSO DID IT ON THE FIRST DAY OF STAKING LAUNCH.
AT 15,000% APY.
IT WAS A MISTAKE TO DO STAKING.
ONLY THOSE WHO HAVE LIQUIDITY $MILLIONS WIN
meowmeowjr
--
Understanding the Reality of Staking $USUAL and USD0 Rewards
I’ve noticed people posting about earning USD0 rewards from staking $USUAL, so I wanted to share my own experience for better awareness.
My Staking Experience
Initial Stake:
• Amount: 78 $USUAL
• Stake Price: 0.60 USDT per $USUAL
• Total Initial Value: 46.8 USDT
• ETH Stake Payment (converted to USDT): 9 USDT
Initial USD0 Reward:
• 1.70 USD0 (based on an initial $USUAL price of 0.60 USDT)
Current Status (as of January 20, 2024):
• Current Reward: 0.47 USD0
• Current Stake Value: 30.15 USDT
Total Gain/Loss Calculation:
• Expected Stake Value:
= 38.20 USDT (ideally)
• Actual Stake Value:
= 30.62 USDT
If I decide to unstake and return to Binance, another 9 USDT gas fee would be deducted, further reducing my returns.
Key Observations
1. Negative Returns: Despite staking and rewards, my total value has dropped instead of increasing.
2. High ETH Fees: The significant cost of staking and unstaking eats into potential profits.
3. USDT Value Drop: The declining price of $USUAL further worsens the situation.
I don’t understand how others are so excited about earning USD0 rewards when the overall outcome seems to be a loss. It feels misleading and frustrating.
Disclaimer: These are purely my observations based on my personal experience and analysis. Always DYOR (Do Your Own Research) and TYOR (Take Your Own Risk).
I’ve noticed people posting about earning USD0 rewards from staking $USUAL, so I wanted to share my own experience for better awareness.
My Staking Experience
Initial Stake:
• Amount: 78 $USUAL
• Stake Price: 0.60 USDT per $USUAL
• Total Initial Value: 46.8 USDT
• ETH Stake Payment (converted to USDT): 9 USDT
Initial USD0 Reward:
• 1.70 USD0 (based on an initial $USUAL price of 0.60 USDT)
Current Status (as of January 20, 2024):
• Current Reward: 0.47 USD0
• Current Stake Value: 30.15 USDT
Total Gain/Loss Calculation:
• Expected Stake Value:
= 38.20 USDT (ideally)
• Actual Stake Value:
= 30.62 USDT
If I decide to unstake and return to Binance, another 9 USDT gas fee would be deducted, further reducing my returns.
Key Observations
1. Negative Returns: Despite staking and rewards, my total value has dropped instead of increasing.
2. High ETH Fees: The significant cost of staking and unstaking eats into potential profits.
3. USDT Value Drop: The declining price of $USUAL further worsens the situation.
I don’t understand how others are so excited about earning USD0 rewards when the overall outcome seems to be a loss. It feels misleading and frustrating.
Disclaimer: These are purely my observations based on my personal experience and analysis. Always DYOR (Do Your Own Research) and TYOR (Take Your Own Risk).
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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