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RE: Is ATOM about to explode?

in LeoFinance5 years ago

Staking Atom can be done through your wallet. If you self custody, Keplr (a browser extension like Metamask) or Cosmostation (a mobile app wallet). Staking pays around 7% APR, so its boring but safe. Many major exchanges also have Staking options for ATOM, but as usual you are trusting a Cex with your money.

To add to a liquidity pool, you would need the Keplr wallet, and connect to Osmosis. As to what pools, the ATOM/AKT is my favourite. I have a big AKT holding, and it's price has been relativaly stable lately, as has ATOM. Less IL risk than an OSMO pool I think, and still nice APR.

Staking returns should increase over time, as some revenue from Gravity Dex and other Cosmos Hub activities will flow to staked ATOM's.

Posted Using LeoFinance Beta