Staking, in the case of Capacity is a "rewards" program for participating in the transaction process. Capacity is a staking pool earning ~5% APY, which you withdraw at anytime. Gemini earn is a loan program earning 1.8% APY, not a staking program. Staking is the way to go, but ultimately, the choice is yours. So if you are a believer that crypto payments have a path forward in the future and you want to support that cause and be rewarded for it. I'm looking at this as a long-term investment in support of the network.Īs crypto currency becomes more widely known and adopted more merchants may be willing to either accept it directly or move to gateways (such as Flexa) that allow them to get paid in Fiat. You can look at this as being a miner or earning interest on your invest. However, my view is that if I'm a long-term believer in the project, which I am of this one, I want to be involved in supporting the network as long as possible AND earning rewards for it. Since this isn't advice, that's an entirely personal reason. You can do this by connect your existing wallet, such as Coinbase Wallet (not the regular app), to capacity, paying the gas/transfer fees, and staking into the network.Īt the time of writing, there is nearly $0.5bln staked with Capacity.
#Amp staking full
You have full control and can withdraw your funds at any time. Staking is different from the earn program because you stake your own wallet. A portion of each transaction is used to purchase AMP and then returned to stakers as a reward for staking in AMP. These rewards are created each time a transaction is made on the Flexa SPEDN App (or any other app using the Flexa SDK). Currently, Capacity offers ~5% APY as a staking reward. However, similar to mining you earn rewards for staking your assets in the pool. Staking pools, very generally, are used to secure the network and serve as an alternative to mining. The difference is you don't get compensated for loaning out your stock, in this case you get rewards for loaning out your crypto.Ĭapacity is the staking pool run by Flexa (AMP). This is pretty similar to stock loan programs that stock brokers (Robinhood, TDAmeritrade, ETrade, etc.) all do. Based on the terms and agreements, it seems that they loan your crypto and give you a return on the interest. Recently, Gemini has rolled out a new feature called Gemini Earn, which rewards users with 1.8% APY (at the time of writing) in return for loaning their crypto to Gemini. So as most of you know, Gemini is a crypto currency app which offers access to crypto currencies, including AMP. Do Your Own Research, and decide what is best for you. See our Expanded Rules page for more detailsĬoinMarketCap (Cryptocurrency market cap info)ġ0k.pizza (Portfolio tracking.Wanted to make a quick write-up to explain the difference between Gemini Earn and staking your AMP with Capacity.Īs always, this is not financial advice.See our Expanded Rules page for more details about this rule.This includes "PM for referral", asking for referral codes or links, and linking to sites used solely for referral links. Rule #2.10 - Posting referral, promo links, or codes of any kind is strictly prohibited and will be met with a long-term or permanent ban.See our Expanded Rules wiki page for more details about this rule.If you meet our requirements and want custom flair, click here. Staking, Staking Rewards, and Flexa Network Fees: Staking: Staking AMP on the Flexa Network provides collateral that guarantees payments to merchants. A transaction has yet to fail on the Flexa Network and thus, no AMP has ever been liquidated at this point. Please make quality contributions and follow the rules for posting. The staking pool decentralizes the risk of fraudulent / failed transactions. This subreddit is intended for open discussions on all subjects related to emerging crypto-currencies or crypto-assets. Be nice to each other! r/CryptoCurrency is a welcoming place for all people and all cryptocurrencies.
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