You are viewing a single comment's thread from:

RE: Buying the Bear

in LeoFinance2 years ago

There is a lot to like about WAX. I have some deals in place to provide me a passive WAX income on top of the staking rewards that I get each week. This passive plan adds up to right around 73% APY, so even if I don't buy more I am still building my WAX bags.

What are you doing with your WAX to get that APY? I don't think the staking APY is that high right? I thought it was at most a few percent

I plan on just watching for now and I don't really plan on buying the dip anymore while the trend is pointing downwards.

Posted Using LeoFinance Beta

Sort:  

I delegate CPU out to a person that I met through some contacts I have. I get to retain custody of the WAX but they take advantage of the CPU. My guess is they are probably running a bot farm, but who knows. It's 73% return! :)

Posted Using LeoFinance Beta

I guess it would be a "business expense" but that is a sweet deal you got there. Do you still get staking rewards when you delegate out your CPU?

Posted Using LeoFinance Beta

Sure do!