There is a big discount on Ethereum HEX relative to

Question

There is a big discount on Ethereum HEX relative to

PulseChain HEX but if the fee situation gets worse on Ethereum it might be better to stake PulseChain HEX. @Benzenoid What are you planning to do as an experienced Hexican hedge your bet entering both?

#cryptocurrency #english #hex-crypto

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03.09.2023

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T.C. no dm Автор вопроса

Nenad [I won't dm you]
Gas price on Ethereum increases as the network con...

I was not viewing the Ethereum staking fee issue from the perspective as a risk for the net value of a stake afther the stake ends as that gets increasingly irrelevant with size but as a headwind for the value of Ethereum Hex as it incentivises smaller HEX stakers to buy PulseChain HEX for stakes which itself can have affect on price because of relative adoption rates through the network effect onboarding more people and annualized negative inflation in the bull.

0

03.09.2023

Nenad [I won't dm you] · Accepted Answer

Gas price on Ethereum increases as the network congestion increases and congestion is often correlated to on-chain volume which is in general the driving force of HEX (and other products) value. I hedge against the network fee problem by strictly using HEX as a blockchain analogue of a CD. Meaning that I only do big and long stakes on Ethereum and for convenience use HEX bonds instead of regular stakes. If you want to use HEX staking by other than CD-like strategy, I suggest you apply those strategies on Pulsechain only. Much safer from Vitalik&co.

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There is a big discount on Ethereum HEX relative to

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