Well, this gives me a week to read through some of your past posts and finally figure out how to get the ATOM I have sitting in my account to actually do something for me. I'm getting a small staking reward but I have a feeling I should be allocating it somewhere else to be making more.
Any advice on where I should go first? I won't hold you to anything. Just looking for some insight from someone familiar with the protocol.
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So long as your atom isn't in an exchange, or delegated to an exchange node like Binance or Coinbase, then you should be good.
For now, ATOM staking rewards are lower than most other Cosmos coins. But most airdrops go to ATOM holders.
For higher returns, you could unstake (which takes 21 days) and add to a pool on Osmosis or Junoswap. But in your position, I'd probably leave the ATOM's staked, and work with any airdrops that come along or any extra funds you can put in to some higher yield plays.
High staking yield options could be HUAHUA (a meme coin, but holding value with a 300% APR yield, or JUNO (over 100% yield, plus airdrops also).
Hope I'm not confusing you more.
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Yeah, I've got it on an exchange right now. Is there a wallet you recommend? I'm assuming Cosmos has their own...?
Like I said (maybe somewhere else), I've always liked ATOM so I've got small autobuys going, but I've never really looked into its utility or what to do with it. I feel like I'm probably missing out on some of the biggest reasons to actually own it. As it is, I've just thought the price should appreciate substantially at some point and I get like 5% staking rewards so...it's just been sitting. I have enough now where I should probably try to take advantage of the platform as a whole; not just own the token.
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