Heyy if i send DFI from kucoin to defichain wallet

Question

DeFiChain - International

Jasm

Heyy if i send DFI from kucoin to defichain wallet

and then swap to dusdt and send dfi and dusdt to cake and do liquidity mining??

#blockchain #cryptocurrency #defichain #english

0

14.05.2022

6 ответов

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Jasm Автор вопроса

DanieL BaptistA
Yes, you can do that :) But you will pay a fee on ...

Yeah actually because i thought my rewards could go in staking so it could increase more Or i can keep sending it to my cake account so it can stake?

0

14.05.2022

DanieL BaptistA

Jasm
Yeah actually because i thought my rewards could g...

Yes, you can make auto staking and they will go directly to staking, but again, rewards will take a fee. If you want to maximize gains and are confortable with full decentralization, you can for example send the rewards weekly for staking :)

0

14.05.2022

Jasm Автор вопроса

DanieL BaptistA
Yes, you can make auto staking and they will go di...

Okay that’s cool too I’ll give that a try if possible

0

14.05.2022

Jasm Автор вопроса

Also right now the APR in the wallet is lower than cakedefi so is it not better if i do it in cakedefi?

0

14.05.2022

DanieL BaptistA

Jasm
Also right now the APR in the wallet is lower than...

The APR is never lower on the wallet VS Cake. Is always bigger at the wallet since it has no fees deducted. As informed on Cake FAQ's, Cake uses a 7 day average for display of rewards to ease of visualization rather that a APR that would change at evwry minute like in the defichain wallet for example. So, if for example the APR in the defichain wallet drops significantly due to a massive inflow of users, it may take a coulple days in Cake to reflect that, due to the sampling method. Same way if the APR grows massively due to users fetting out on the defichain wallet, also a couple days may be needed to reflect that increase in Cake. Bottom line is, Cale provides you a service with ease of use, and therefore, charges a fee to you for that. On defivhain wallet, you do all by yourself and bear all the risks, so no fees on your rewards are taken. Therefore, APR on the defichain wallet will always be a bit higher than in Cake 🙂

0

14.05.2022

DanieL BaptistA · Accepted Answer

DanieL BaptistA

Yes, you can do that :) But you will pay a fee on your rewards, you can do that also in defichain wallet for no fee, if you are confortable with that

0

14.05.2022

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Heyy if i send DFI from kucoin to defichain wallet

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