Staking Ghost gives more then 100 % APR

avatar

image.png

In the game https://aavegotchi.com/ it is possible to stake Ghost and get Frens. This frens can be used to buy tickets to a lottery. You can either keep the tickets and hope you have some luck - or sell the tickets. I tried to sell and see what ROI I get.

1 Staked Ghost = 1 Frens a day
1 Ghost = 1,3 USD
For 10 000 Frens you can buy a Mythical Ticket and sell that for 35 Ghost.

Calculation of ROI

Lets say I have 250 Ghost staked (325 USD)
I keep them there for 40 days- that will give me 10 000 Frens
After 40 days I can buy a ticket and sell it for 35 Ghost (45,5 USD)
Thats pretty good...

IF the price will stay in this levels I will get about ghost for 410 USD. Thats over 100 % APR.

OR - I keep them and win good items to the game. It is not so easy to choose. It feels like a win or win situation.

Are you playing Aavegotchi?

@hodlcommunity will get 15% of my earnings for this post.
Join the community and read a lot of financial posts

TAKE CARE !



0
0
0.000
14 comments
avatar

Mini you're NOT going to lambo if you keep shitcoining like this, you remind me of this kid

0
0
0.000
avatar

LOL ! Lucky for me I dont understand russia and have so bad eyes that I can not read the subtitles

Comeon Ghost is number.....434. Just under Swingby.
CUB is in 2616 and I have that too.

By by /Shit-minimining

0
0
0.000
avatar

LOL I was trying to be a friend but you don't want to listen, so you'll just have to learn the hard way.

0
0
0.000
avatar

I guess so.
But I know you right. If I only had collect BTC all years my portfolio had been much much bigger. One day a will loose all my savings and say goodbuy to the lambo and go back to a fiat.

0
0
0.000
avatar

Well, my crypto fund on Iconomi.com outperformed Bitcoin in 2020. So investing in high-potential low-market cap altcoins has its merits.

0
0
0.000
avatar

Thats true . But for a lot of people it is higher risk to choose this altcoins then stay at btc.
I strategy is "invest in fun project and learn" . 2021 it was a perfect decission with aave, quick and cel. But some other years it has been worse.

0
0
0.000
avatar

Aavegotchi is top-quality NFT/DeFi project backed by Aave. Do your own research, FREN, and use the term "shitcoin" sparsely.

0
0
0.000
avatar

Why are you so triggered? Aave is also a shitcoin and I've done my research thank you! Not everyone. If you have to justify a coin with backed by it means you make an argument from authority and not from fundamentals because it cant stand on its own

Im not here to argue, the market will do that for me

0
0
0.000
avatar

Why are you staking GHST to earn FRENS?? Better to provide liquidity in the form of GHST-QUICK (or GHST-USDC) pair on QuickSwap, then stake those LP tokens on aavegotchi.com to earn FRENS at a much higher rate, then stake the token you get from aavegotchi.com in the QuickSwap's QUICK reward pool to earn QUICK rewards on top of earning your FRENS. That way you investment in GHST will deliver you a triple income stream (or more, if you use your FRENS to buy lottery tickets and then sell them for GHST). Then your ROI can easily exceed 300%.

0
0
0.000
avatar

You are just 30 minutes before me in your thougts. I realize exactly this when I was out in a walking round today.
So back to table and start my new calculation.

0
0
0.000