Topic: Eth 2 staking question (Read 82 times)
awesome.. thanks folks!
The answer is YES also I prefer the type of staking that allows you to withdraw your earnings if you feel like taking advantage of the price surge, I don't know the name of the staking program but it's available in binance exchange, you don't have to wait till the staking cycle ends before you can use your coins
If I stay my eth with someone today and lets say the price of eth today is $2,706 for one year, I get an expected return. My question is lets say 3 months into me staking my eth @ $2,706, the price climbs to $6,000, does my expected return also increase even though I am only 3 months into a month 12 stake?
Yes. The APY will be calculated based on your ethereum amount and it will not be calculated based on the dollar value. that means when you have been staking your ethereum and the reward will be in ethereum calculated with how much APY. You will be getting paid based on your APY in ethereum form. When the price of ethereum will increase and your reward will be also increasing as well.
Your expected return will increase.
Let's say you stake your eth with 12% apy and you are staking it only for 3 months and you will get 3% return from your staking coin.
It was ignoring the rate of your coin.
If I stay my eth with someone today and lets say the price of eth today is $2,706 for one year, I get an expected return. My question is lets say 3 months into me staking my eth @ $2,706, the price climbs to $6,000, does my expected return also increase even though I am only 3 months into a month 12 stake?
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