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/biz/ - Business & Finance

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28671382 No.28671382 [Reply] [Original]

What the hell are "staking rewards"?

>> No.28671415

they are rewards you get from staking.

>> No.28671457
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28671457

>>28671415
yes, this

>> No.28671498

>>28671415
What's staking?

>> No.28671679

>>28671498
You stake two assets, the coin and a stable token such as usdc.
The two assets balance each other out to be worth the same when the price goes up or down. This helps with providing liquidity for tokens.

>> No.28671761

>>28671679
Im still lost
What's a stable token?

>> No.28672406

>>28671761
A stable token is a token of the UPMOST STABILITY.

>> No.28672913

Holy fuck this thread is wild

>> No.28673026

>>28671761
Stable coin is a token that keeps its value at a set price. USDC is always 1:1 with usd.

>> No.28673121

>>28671382
You get 8% apy back with algorand

>> No.28673156

>>28671382
Here words with pictures.

https://youtu.be/ClnnLI1SClA

>> No.28673163

They send you free steak every couple of weeks.

>> No.28673240

Taxable as ORDINARY INCOME whose value is assessed AT THE TIME THEY ARE RECEIVED

Amerifats have a real mess on their hands

>> No.28673280
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28673280

>> No.28673578

>>28673156
>>28673240
I'm never gonna get it. This is too complicated.

>> No.28673756

What's better, staking ALGO or ADA or lending at Compound Finance or Aave?
Do I have a minimum to stake or to lend? Is it difficult to do?

>> No.28674204
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28674204

>>28673756
All I know is you don't need to "lock up" any coins with algo, coinbase pays out daily, or if you put it in your own wallet you can claim your stake whenever you want. Automatic and idiot proof, so no not difficult at all.

>> No.28674293

>>28673578
Rub two braincells together, write what you don't understand down and go research it.
OR you can complain online as to why witpeeple are keeping you out of the industry.

>> No.28674365

>>28671382
the equivalent of usury

>> No.28674440

>>28673578
If you are getting CRYTOCOINS as STAKING REWARDS, the value you will be taxed on is the fair market value of the tokens WHEN you RECEIVED them. Better hope they don’t crash cause they are volatile assets that often become thinly traded.

>> No.28675492

>>28673578
all in on $ROPE

>> No.28676023

>>28674293
Kek