How does staking work?

echoes3064

How often is the amazing 8,176.6% APY compounded? That corresponds to the epoch, right? And if so, is the 5-day rate on the website correct?

I'm trying to get an estimate of the break-even point. If, for example, I invest $100, how long do I need to stake before I recoup the staking/unstaking fees.

Elcid

I have the same question! Thanks for asking.

marsheazy

I would imagine it's compounded every 8 hours or so when the rebase is received. If you compound the 8-hour rate ¹⁵ (24 hours divided by 8 * 5 days) it equals the 5-day ROI (or very close).

If you calculate the 5-day ROI rate at an annual rate you get the 8,176.6% . I just noticed that the APY is now at 8,012.5% so it seems to be constantly floating. I just calculated the 5-day ROI compounded rate and it matched the 8,012.5% current APY.

APY calc:

(1+'5-day ROI rate')^365/5-1*100

MiloJ

marsheazy Good job!

GeorgiAlex

marsheazy Hi, sorry to jump in, you just seem to have a lot of knowledge re staking ohm so wanted to ask a question hoping you can shed some light please. I can see my stake ohms but they haven't increased since 5 days ago when I staked some more. Before they use to increase 3 times/day. Not sure if there's something I've done wrong or what the problem is. Any suggestion will be much appreciated. Thanks in advance.

daosaurusrex1

GeorgiAlex Did you migrate to v2 tokens? The rebasing rewards are moving to the new v2 tokens. Not to worry, your rewards are still accumulating but you won't see it until you upgrade. For me, I just went to the official olympusDAO app page and a popup said something like "you are ready to migrate", and then after that my sOHM converted to gOHM and I started seeing rebase rewards on the gOHM.

for more info: https://docs.olympusdao.finance/main/basics/migration