This post has been de-listed
It is no longer included in search results and normal feeds (front page, hot posts, subreddit posts, etc). It remains visible only via the author's post history.
It's absolutely clear that Stacks of some of the best code to come to the blockchain since ETH.
I'm thankful I started my Stacks experience in June 2021. But the question remains; Can you really earn 30% apy instead of the standard 10%?
The answer is Yes. But it comes with a caveat... Always remember "not your keys, not your crypto."
When I first got into stacks, It was actually from seeing it in an ad for an exchange called Okcoin. I did some DD on stacks, loved it, downloaded my (non-custodial) wallet and started my 10% journey. Yet, I was only able to get 10% apy on my initial investment and Okcoin was offering 30%, as well as the Xverse wallet was offering 11% apy.
I've always try to be smart with my security in relation to crypto, so as a "test," during my first week I got into stx, I also downloaded Okcoin and my initial deposit was only $150. And here is my honest review.
Since the month in June, my Okcoin account has skyrocketed to $850 and I only ever deposited once. My strategy was to split the $150 and put $75 into the MIA stack (430% at the time) and $75 into their STX stack 30% apy. Since then, my STX obviously doubled in price but, I'm still getting paid auto-daily in BTC and the MIA has paid out automatically and generously. With all the apy rewards I receive daily & after each MIA cycle, I typically reinvest (compound) the profits 75% into more MIA stacks and 25% into more STX stacks.
After all this time, I can honestly review & say that the rate of return on my initial investment is FAR GREATER on Okcoin than on my Xverse wallet or my Hiro wallet. And thus, feel like it's in everyones best interest to share my journey.
My advise? (Non-custodial) wallets are much safer than (custodial) wallets. But for anyone currently stacking or involved in STX. I highly recommend you check out Okcoin. I personally think they are actually better managed and safer than a handful of other exchanges, but at the end of the day "not your keys, not your crypto." So, if your anti-custodial exchanges or think Okcoin is sketch, you can always just put in a small amount of your bag and try it out for yourself. But damn, it's been fun so far.
I'm going to add screenshots of my portfolio, if you want to learn more about Okcoin or MIA check out my post's on their subreddit. 30% apy vs 10% is huge.
And HERE is the yearly chart! STX pumpp
TLDR: My personal experience with Stacks, how to get 30% APY instead of 10%. The journey and how my ROI on Okcoin has been Far superior than the ROI on my Hiro or Xverse wallet.
At the end of the Day, If you aren't stacking, Then start! And if you are stacking, but haven't looked into Okcoin. Then Look Into It HERE!!
And of course, IF you liked this DD, this is my link to get you a generous sign-up bonus and the only exchange that offers big promotions in relation to the Stacks-World.
Feel free to dm me if you have questions about getting the bonus.
Subreddit
Post Details
- Posted
- 3 years ago
- Reddit URL
- View post on reddit.com
- External URL
- reddit.com/r/stacks/comm...