When it comes to crypto I'm quite a classical type of investor. I hold some coins on a wallet, a bunch of ETFs on Binance and my regular daily earnings from Hive. Nothing special, no NFT here, or DeFi. Why?... I don't know, it's just me.
I do have a bunch of stacking options on my Exodus wallet and so far I have stacked ADA, XTZ and ONT. The APY ranging from 5% to 15%. Not a very good idea during a bull market because you need to have liquidity.
In the case of ADA and XTZ you pretty much gain liquidity to your assets in seconds, but not with ONT. I AM NEVER EVER GOING TO STAKE ONT AGAIN.
It will take me 120,000 blocks to unlock my ONT, it's been way over a week and I still have 25000 blocks to wait for until my ONT gets liquid. Why would I want to unstacke it? Just to buy more Binance ETFs. It's been profitable so far playing with those and I want more.
I will have to wait a few more days until I can get my hands on liquid ONT. I have no clue whether I was notified about this time span for unstacking ONT or not, but it sure feels frustrating. At least during a bull market.
Bull markets are meant to be liquid, if you know what I mean, and having locked coins is not fun at all. I'm not saying that I won't be stacking any other coin ever, but definitely not during a bull market. Bear markets are for accumulation and that's when I'll probably try that once again.
The month of August has been bullish so far and hopefully it will continue as such. September might hit us with some corrective movements, but hey, whatever goes up must come down and winter will probably be wild as hell. We'll see about that. Meanwhile... a few more days until I get my hands on liquid ONT.
Don't recommend stacking it though.
Thanks for attention,
Adrian
Posted Using LeoFinance Beta
I don't really know much about ONT so I guess I'll have to take a look
Posted Using LeoFinance Beta