As some of you know Staking is one the strategies I look for as source of Rewards to build in long term.
Here I am sharing this staking of RONIN, note that it is not part of Hive ecosystem.
Well, today is Saturday, and I made some time to review a couple of stakings I was not checking since days ago, as I was kind of busy.
One of my goals in long term is to create cash flow source. Another source I explore is trading, sometimes with money I can afford to use for that purpose.
Today, I’m sharing my RONIN staking (the native coin for gas in the AXS ecosystem). I’m staking both coins, which are giving similar returns of around 9% APR.
After a couple of weeks without checking, I’ve collected and re-staked almost $2 USD equivalent.
So instead of claiming, I’m just re-staking. The strategy I follow in most projects is to re-invest or re-stake, allowing compound interest to work in my favor.
I use Ronin Wallet and connect by clicking on the Ronin Wallet Extension.
Once signed in, the wallet is connected, and I can authorize the re-staking.
Once signed in the wallet is connected and I can authorise the Re-staking in this case.
And that’s it!
Some remarks:
As with most crypto projects, there’s always a risk that the coin value could be lower than at the moment of investing. In the case of AXS and RONIN, they are down approximately 5–10x from their highs, but there’s potential for future value appreciation.
A big advantage is that I’m always free to withdraw any amount if needed, regardless of the price. In that way, it feels like having a bank in your hands.
Remember: This is not financial advice; I’m just sharing my experience for educational purposes.
Thank you for your support!
Don’t forget to drop your comments or questions below! 👇