This wasn't meant as a how to stake or all about staking. I'm just showing some details as to what staking has been yielding. Though, that said, I could probably just make another video about how to stake and what the various related points of interest are.
Good hint on maturity modulation - I'd missed that and will keep an eye on it in the future. Have you looked into following waterneuron neuron? According to what I've read they will vote on all proposals? I'm not sure for certain, but they might be a good follow. I'd be interesting in viewing a followup vid on who you decide to follow and why. Great job on this vid. Really informative. Keep up the good work
Be careful with that. If one neuron you're following votes to adopt, and another neuron votes to reject, it's a wash and your neuron doesn't vote. "If the list contains more than one neuron, the neuron will vote according to the majority of followed neurons votes (or abstain in case of draw)". Google for "Following Neurons" and click the link for an article over at internetcomputer(dot)org. I also just updated the video description to include a link to that article.
They're also offering something like 21% APY right now. However, they're also fairly new. If I get more ICP, I might stake it with Water Neuron. Or heck, maybe I'll buy some Water Neuron - or both stake $ICP there and buy some $WTN.
I don't currently have any plans to dissolve. If I really wanted to get out, I could sell my account via idgeek.app. Catch is, you usually have to sell for a bit less than what the account holds to make it more worth while for the buyer, and it may be a while before the right buyer comes along.
Make sure you vote everyday or you follow Dfinity Neurons or some neurons that you trust or believe when they vote you’ll be automatically voted for and you will be rewarded with ICP
I like clean, round numbers. 2500, 2750, 3000, 3250, 3500, 3750, 4000, etc. Also, if everything goes straight back into staking, I can't work with it. I can't spawn it to sell it. I can't swap it. For instance, I swapped 100 $ICP for $ICS a couple days ago. I'm already up nearly 20% on $ICS since then which is two or three points more than $ICP has moved. This can get a bit tricky as the ecosystem sort of all moves at once, but still $ICS is a smaller cap than $ICP and it can and does move more than $ICP, but you have to keep a close eye on making swaps like this.
No exactly, no, since the rewards are constantly changing ever so slightly. If I'm not mistaken, the APY will fall to 5% eventually unless there's a DAO vote to change that. Then, with double rewards from 8 year staking, that would increase to 10%. On top of that, you have age bonus. Every day your age bonus goes up slightly until it maxes after 4 years of age. I found something somewhere a few weeks ago that seemed to suggest I'd earn back 100% of my staked $ICP after something like 6 years, 8 months, without compounding (aka adding maturity to staking), but I don't know if that is accurate and I somehow doubt it takes the constant micro changes in rewards into account, either.
i thought ICP is the best tech in the crypto industry and bought 920 at 9,2eyro... now i loose alot... 😥😥 I dont think i wll recover any time soon...... or ever....😵💫
It's usually not an instant profit machine. This is also one of the reasons why I staked. Makes it more difficult to panic sell very easily, since you'd have to sell the entire NNS account with idgeeks.
Yeah, staking on ICP sucks. Lock ups, delayed reward withdrawals and the sure complexity all around makes this ecosystem less retail friendly. There are better options.
It seemed a little daunting at first, but then when I went through it, it was actually pretty simple. I do have a technical background, but I feel like anybody that is pretty comfortable as a computer user can do it without much trouble. Trying to understand my insurance coverage or understand taxes are a much bigger pain, at least for me.
You are doing a great work❤
Great job. Nice tempo with only pertinent information. You are truly better than 98% of all RUclipsr garbage clickbait. 💯👍 Thank you sir.
Thank you for covering icp, truly the best tech in the crypto industry
Nice to have the knowledge bout staking. Great vid.
ICP rocks! Keep making these type of videos!
love your channel , thanks for what you do!
Wow thank you for your expirience and the share with us!!!!
I love $ICP ❤
Thank you for your work !
Great one
Great lesson on the NNS for newbies 😊
Nice info bro 🙏 ICP will rule them Ai ❤
Good to have a vid on staking. As a newbie I don’t get what you are referring to as you bounce from “ dissolve delay” to whatever etc?
This wasn't meant as a how to stake or all about staking. I'm just showing some details as to what staking has been yielding. Though, that said, I could probably just make another video about how to stake and what the various related points of interest are.
Good hint on maturity modulation - I'd missed that and will keep an eye on it in the future.
Have you looked into following waterneuron neuron? According to what I've read they will vote on all proposals? I'm not sure for certain, but they might be a good follow.
I'd be interesting in viewing a followup vid on who you decide to follow and why. Great job on this vid. Really informative. Keep up the good work
You only need to follow the 3 first to cover it all. 1. All except governance and sns neuron fund, 2. sns neuron fund, 3. governance
My plan is to spawn my maturity every 10 icp and sell. And just living off of it. And one day, if icp gets to 150 bill mc, I'll sell my account.
i follow Dfinity jerry and another person just incase
Be careful with that. If one neuron you're following votes to adopt, and another neuron votes to reject, it's a wash and your neuron doesn't vote. "If the list contains more than one neuron, the neuron will vote according to the majority of followed neurons votes (or abstain in case of draw)". Google for "Following Neurons" and click the link for an article over at internetcomputer(dot)org. I also just updated the video description to include a link to that article.
what are the benefits of water neuron
Liquid staking means you can stake for rewards but have the ability to still use the ICP you staked
@@ericthorpe4990 in terms of just buying some WTN, i see a lot of benefits too
They're also offering something like 21% APY right now. However, they're also fairly new. If I get more ICP, I might stake it with Water Neuron. Or heck, maybe I'll buy some Water Neuron - or both stake $ICP there and buy some $WTN.
@@Coinopoly i did that, seems like a good option
how many days will you hold until you start dissolving?
I don't currently have any plans to dissolve. If I really wanted to get out, I could sell my account via idgeek.app. Catch is, you usually have to sell for a bit less than what the account holds to make it more worth while for the buyer, and it may be a while before the right buyer comes along.
@@Coinopoly understand, may plan is to get around 5% age bonus then start my dissolving from my 8 year.
I just updated the video description with additional links. You may be interested to check that out in the interim.
They say 6 months for the most benefits but you can unstake immediately if you need
I staked 5 days ago and i havnt recieved any icp
it took 4-6 days for me, just be patient
It takes maybe a week before you start earning rewards. Also, be sure you're voting when proposals come up.
@@backspin2834 You need to have more patient
Make sure you vote everyday or you follow Dfinity Neurons or some neurons that you trust or believe when they vote you’ll be automatically voted for and you will be rewarded with ICP
Waternueron 20% apy stake icp
it helps the tvl
Why do you not re-stake your maturity? Just curious
I like clean, round numbers. 2500, 2750, 3000, 3250, 3500, 3750, 4000, etc. Also, if everything goes straight back into staking, I can't work with it. I can't spawn it to sell it. I can't swap it.
For instance, I swapped 100 $ICP for $ICS a couple days ago. I'm already up nearly 20% on $ICS since then which is two or three points more than $ICP has moved. This can get a bit tricky as the ecosystem sort of all moves at once, but still $ICS is a smaller cap than $ICP and it can and does move more than $ICP, but you have to keep a close eye on making swaps like this.
Do you know how to calculate with how much icp you'll approximately earn from staking your 2500icp s for 8 years?
thanks
No exactly, no, since the rewards are constantly changing ever so slightly. If I'm not mistaken, the APY will fall to 5% eventually unless there's a DAO vote to change that. Then, with double rewards from 8 year staking, that would increase to 10%. On top of that, you have age bonus. Every day your age bonus goes up slightly until it maxes after 4 years of age. I found something somewhere a few weeks ago that seemed to suggest I'd earn back 100% of my staked $ICP after something like 6 years, 8 months, without compounding (aka adding maturity to staking), but I don't know if that is accurate and I somehow doubt it takes the constant micro changes in rewards into account, either.
i thought ICP is the best tech in the crypto industry and bought 920 at 9,2eyro... now i loose alot... 😥😥 I dont think i wll recover any time soon...... or ever....😵💫
It's usually not an instant profit machine. This is also one of the reasons why I staked. Makes it more difficult to panic sell very easily, since you'd have to sell the entire NNS account with idgeeks.
Yeah, staking on ICP sucks. Lock ups, delayed reward withdrawals and the sure complexity all around makes this ecosystem less retail friendly. There are better options.
It seemed a little daunting at first, but then when I went through it, it was actually pretty simple. I do have a technical background, but I feel like anybody that is pretty comfortable as a computer user can do it without much trouble. Trying to understand my insurance coverage or understand taxes are a much bigger pain, at least for me.