Do you know that there are much higher APRs out there? And that the minnowbooster rates are actually overstated because of their short-time lengths and the required 7-day cooldown period (where you are not earning anything on delegation or upvoting) when the lease ends?
I'm not sure about the higher APRs, but the rates are not overstated: they take the 7 day cool down into effect.
An example that is live now is requesting 387 steem power for 1 week. It pays 2.979 steem. Repeat that for one year and you'd have 26 weeks on and 26 weeks of cooldown.
You'd be paid 2.979*26, which equals 77 steem (rounded). 77/387 is .19, or 19%, which is the advertised APR.
Ok, cool to know. I guess I just figured they were advertising the APR of the delegation period without the cooldown taken into consideration. But, seriously, I know it sounds crazy, but 19% is LOW!
Thanks, I hope so!
Do you know that there are much higher APRs out there? And that the minnowbooster rates are actually overstated because of their short-time lengths and the required 7-day cooldown period (where you are not earning anything on delegation or upvoting) when the lease ends?
I'm not sure about the higher APRs, but the rates are not overstated: they take the 7 day cool down into effect.
An example that is live now is requesting 387 steem power for 1 week. It pays 2.979 steem. Repeat that for one year and you'd have 26 weeks on and 26 weeks of cooldown.
You'd be paid 2.979*26, which equals 77 steem (rounded). 77/387 is .19, or 19%, which is the advertised APR.
Ok, cool to know. I guess I just figured they were advertising the APR of the delegation period without the cooldown taken into consideration. But, seriously, I know it sounds crazy, but 19% is LOW!
I've pretty consistently picked up APRs over 30%. That 19% will likely sit for quite a while.
Go throw some SP @therising... They are giving out 43.8% on min 100 SP for a limited time.