How to Compound Your VyFinance Rewards from NFT & Token Staking
April 15, 2022
Compounding your rewards on the VyFinance (VyFi) platform can earn your more rewards compared to simply leaving your rewards unattended. Compound interests is a powerful invention.
Harvesting Rewards & Compounding Returns on VyFinance
Did you remember to harvest your rewards on the VyFinance platform?
I totally forgot!
All of my NFTs had matured and were ready for harvesting and my rewards on my token staking were quite substantial. In this video I show you how to harvest your various tokens and NFTs along with staking if back to a vault.
I also take a look at the returns calculator on the website and look at how compound interest makes a difference to your staking rewards. The more you take advantage of compounding the higher and better your returns on staking will be.
Every few months there are more and more Initial Stake Pool Offerings (ISPOs) that are starting up in the Cardano ecosystem. This unique funding method allows projects to raise the necessary funds required to build their projects while allowing for a relatively safe and risk free way to participate in the ecosystem. Genius X ISPO […]
Compounding your rewards on the VyFinance (VyFi) platform can earn your more rewards compared to simply leaving your rewards unattended. Compound interests is a powerful invention. Harvesting Rewards & Compounding Returns on VyFinance Did you remember to harvest your rewards on the VyFinance platform? I totally forgot! All of my NFTs had matured and were […]
One year ago today, I decided to open up a Cardano stake pool and I've ended up down a rabbit hole that I did not expect. My expectation was to simply start a pool, write a handful of articles about the pool and staking and watch the delegation come in. That was far from the […]
The MinSwap Decentralised Exchange is close to completion and in its final stages of launching on the Cardano Mainnet blockchain which will mean we will see live swaps capabilities and yield farming options soon. All the content in this article has been referenced from the MinSwap Liquidity Bootstrapping Event article found on their Medium. Overview […]
Enter via the Gleam app for your chance to win one of the partnership NFT to stake via the VyFi platform. The competition will run for a week and will be drawn on the 23rd of Feb. Learn more about staking NFTs on the VyFi app and how you can earn extra rewards simply by […]
Ardana has announced the Ardana ISPO to the community. Ardana is offering $DANA tokens for users that are staking at the various stake pools that are a part of the Ardana Stake Pool Alliance, which we ADAOZ is a part of. The team at Ardana have witnessed large amounts of ADA consolidate around a few […]
DISCLAIMER: The information on this site may contain errors or mistakes, please do your own research. Unofficial Cardano website. Past performance is not indicative of future results. Any investment in blockchain assets involves the risk of loss of part or all of your investment. The value of the blockchain assets you exchange is subject to market and other investment risks.