Has anyone here delegated their TRX to a Super Representative? I heard you can stake your TRX with the SRs in the network and potentially rake in some nice returns. I used to delegate mine to SesameSeed, but they stopped dishing out rewards a while back.
Do you guys know of any other Super Representatives where I can lend my TRX for staking? I'm looking for an SR that shares a big chunk of their TRX rewards. Any tips or recommendations would be super helpful. Thanks!
Staking TRON (TRX)
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I've done this with exodus wallet, not that much of TRX I hold there. But since it's just some dust amounts and it's been so long since I've left it there. I cannot even remember if it's grown that much but for some dust amounts that I leave for some wallets and when there's this feature, I do this and I remember doing it with TRX. It's on my other device, an old phone and it's been sitting there but I am not expecting to get that much profit from it.
I used to do that in the past to get energy which made my transactions almost free. I used to transact in TRX multiple times a day and it saved me quite a bit. The staked TRX also earned more TRX and I think the reward depended on what the Super Representative are offering. I used to stake it on the Tronlink browser extension wallet.
Things might have changed these days but the reason I stopped staking was the low profit which didn't made sense when I stopped transacting in TRX. With the coin prices now low, it could be a good thing if you want to earn while holding TRX. Not only you get staking reward but the price of the coin you hold would also appreciate in value.
wolf_blockFull Member
Posts: 125 · Reputation: 586
#4Jul 24, 2021, 06:49 AM
What is the APY one can get with such a system of staking on the Tron Network, I am curious.
As far as I know the Ethereum network offer up to twelve percent of yield in Ether to all their validators, so in order for Tron to be as attractive as Ethereum, they would been to offer an approximation to what Ethereum offers.
I have never done staking, by the way, but I would be willing to give it a try if the yield is reasonable and the network of choice is proven to be secure enough to hold one's funds in the long term within any attack succeeding.
Though, it seems Ethereum continues to be the undeniable giant of staking within the ecosystem of alternative currencies.
According to Staking Rewards, you can get up to 3.24% APY by staking TRX. You find more info here:
https://www.stakingrewards.com/asset/tron?sort=reward_rate&category=pos&timeframe=7d&order=desc&byChange=false&validatorsSelected=false&verifiedFirst=true&columns=reward_rate%2Ccommission%2Cstaked_tokens%2Cassets_under_management%2Cvsp_score%2Cstaking_button
I believe you can get even higher rewards if you participate in liquidity pools and do some yield farming. Justlend.org and SUN.io are good places to start. Recently, some SRs have stopped giving TRX rewards. I've made this thread, in case someone found an alternative where I can delegate my TRX to. I might decide to combine staking TRX on the aformentioned "De-Fi" lending protocols and AMMs, while delegating the rest to a SR (which is like a validator on the network). TRX is very cheap right now. It might "explode" all the way to $1, if the market continues to be bullish. Founder Justin Sun has been involved lately in crypto affairs with US President Donald Trump, so anything's possible.
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