I staked 1000 Ocean for 4 years Now I can claim

Question

Ocean Protocol 🌊

JD

I staked 1000 Ocean for 4 years Now I can claim

apx. 1100
how does that work out?

#cryptocurrency #english #ocean

0

03.05.2024

2 ответов

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X7

That’s without the 1000 you staked buddy

0

7 месяцев назад

awesomeQA · Accepted Answer

When you stake OCEAN in Ocean Protocol, the rewards you earn depend on the amount you lock and the duration of the lockup. There is no minimum amount required to stake, and rewards depend on the amount locked. By default, you get passive rewards for locking tokens, and you can get additional active rewards if you participate actively in the program. Additionally, the fees involved in staking are minimal, typically ranging from 0.1% to 2%. Therefore, staking 1000 OCEAN for 4 years and being able to claim approximately 1100 OCEAN aligns with the mechanism where rewards accumulate over time based on the locked amount and the duration of the lockup [1] [FAQ]. Generated using AwesomeQA AI. Please rate this answer.

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I staked 1000 Ocean for 4 years Now I can claim

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