How do i go about minting every 90 days? I know how to do it every 3 days. I am looking for answer to specifically every 90 day stake. Would appreciate if anyone could help wrt it.
Well, steps are identical, only thing that will change is your coinage thus your stake reward.
So basically everything remains the same. It is only about when i mint/claim my stake. I can do it anywhere from 3-90 days. The later i do, the more POS token i would get in return.
Are the above statement correct then? And if yes, where can find the equation for stake calculation. I have used the calculator but wanted to just see the equation for myself.
Well not exactly. Depending on how many tokens You have, You could end up better claiming every 3 days because of compounding.
But.
Above will be profitable if :
- You get more POS worth than gas fee
- You believe that POS price will rise anyway so you don't care for gas
Then from claiming at 90 days (assuming 100 tokens) you get ~8,2% POS reward. (1x fee)
But if you claim every 3 days, compounding after 30 claims (90 days) will net You 22% POS reward. (30x fee)
Same as other PoS systems - the faster you stake - the more you take from compound.
Basic formula is:
PoS interest/365
Then multiply by min coinage.
Put number you get into spreadsheet and test with various values ^^ Have fun