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RE: Does holding DEC always give higher APR vs. Staking SPS?

in LeoFinance3 years ago

Sorry just saw this now! Fully agree with all that @kotenoke said. Even with the higher DEC APR, I still prefer staking SPS because of the vouchers. The price range that people are willing to pay for it is quite high.

To add, if DEC's price continue to increase, DEC's APR will generally go lower. My expectation when this happens is that people with huge bags of DEC for airdrop will be "pushing and shoving" to convert their DEC to SPS. I'd rather hold onto SPS where the risk-reward is assymetric at this point.

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It's all very complicated. So many factors to consider. I'm just taking the simplest route and staking. 😁

!PIZZA

Posted Using LeoFinance Beta

Me too! After doing all of this, I also ended up taking the simplest route and just stake SPS repeatedly throughout the day! 😄

I'm only doing it once a day since, in the UK, everytime you claim is a taxable event! 😱

Posted Using LeoFinance Beta

What?!?! That's shocking and frustrating. Now you have to consider the tax from claiming too. 😬

Yep. At least as things stand at the moment. 😢

Posted Using LeoFinance Beta

I hope things get better soon, Gillian! Wishing you the best! 😀