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Isnin, 27 Jun 2022

How do outlandish crypto staking rewards work?

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How do outlandish crypto staking rewards work?

Today, I can safely say that my crypto portfolio has seen a phenomenal financial loss for the first half of 2022.

I can point to several moments that could’ve led to the downturn. Maybe it was when the author of the influential book Black Swan said Bitcoin was worth “exactly zero.” Or it could’ve been the assessment from a billionaire hedge-fund manager that cryptocurrencies are a “limited supply of nothing.”

Whatever the turning point, I wish I knew the difference between using high annual percentage rates (APRs) as a marketing gimmick and those that have a more sinister motive. In today’s hot story, my colleague Scott decodes the wild staking rewards seen around the crypto market.

As a safer bet, you might consider filling out this CDP x Tech in Asia questionnaire survey and being part of our campaign to help the startup ecosystem go green.

-- Deepti

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