I’m earning more in ALGO rewards in a day than I make in 6 mo the in my Savings account

Cryptocurrency News and Public Mining Pools

I’m earning more in ALGO rewards in a day than I make in 6 mo the in my Savings account

Algorand is a project I have been investing in since the beginning. I am currently earning $0.40 daily, and I plan to expand on that number shortly. I purchase ALGOs on Coinbase Pro, then transfer them to my Algorand Wallet.

Today, ALGO had an all call where they announced they would be offering a new staking policy in 2022. Current staking rewards are 6-7% APY. The current proposal for 2022 is anywhere from 7.5 to 30% APY. The only stipulation next year will be that in order to claim the 7.5 to 30% rewards, you have to stake your ALGOs for 3 months at a time. Early withdrawals forfeits any rewards. This process is called "governance" and you'll be able to vote on new ALGO policies. Each ALGO you stake equals 1 vote.

submitted by /u/Such-Fig-3879
[link] [comments]