Staking ALGO
Hello everyone, i have been following this project for a while and would like your help to know where to stake it and what are the average apy you can get get. Thanks !
Posted Feb 13, 2022, 5:44 PM UTC
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Algo’s native staking is coming to an end soon. Your best bet for Staking on Algo would be on Yieldly! They support various ASAs, from 7% up to 100%+. You can swap Algo for ASAs on Tinyman
Yieldly: app.yieldly.finance
Tinyman: app.tinyman.org
Edit: added URLs for yieldly and tinyman
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I hope many will do this so my Governance can go back up to 14%!!!
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https://algooptimizer.com/calculator this might be helpful for a better understanding how the average apy is set.
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Can you stake algo for algo there?
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Your best bet is staking on the algo wallet. They don't take a haircut.
Average I've been getting is about 4-5%
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Wallet staking is over on February 27th, and it was decreased to I believe 2.5% APY. looks like it's down to 0.7%
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Oof, been a while since I checked. Definitely going to have to find something else. Thanks for the heads up
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No prob. Yieldly is your best bet imo. There are staking pools that start at 30% APY, up to 45% APY before you start getting into the volatile ASAs.
Only drawback is you have to stake with YLDY, but it's easy to swap Algo for YLDY on Tinyman, and one of the staking pools rewards your YLDY with some YLDY, some Algo.
This is a good article to start off:
https://algonaut.space/2022/01/24/how-to-maximize-yieldly-yldy-earnings-profits/
(Sections 3 and 4 cover the staking pools, section 2 covers liquidity pools)
Also see r/Yieldly for tips and articles to get started.
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On Coinbase Algo APY is 4 percent and it looks like the apy on algo wallets is less than 1 percent right now. Is yieldly the way to go to earn some passive income? Looking for some APY with minimal risk. Thx
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You can participate in governance for roughly 8-10% APY on ALGO
You can swap ALGO for farming tokens like STKE and YLDY and stake that way (one on Yieldly, the other on AlgoStake)