Staking 1.89 sBCH To Get LAW, Is It Worth It?
Out of all the tokens available in smartBCH, only LawPunks and LAW are probably the remaining assets worth investing in these days. I hate to say this, but it looks like AxieBCH and GAME tokens have already lost their touch in the community. I won't go further in detail for now, but I will one of these days.
Although I have already sold 4 out of 5 of my LawPunks, I have no regrets. At least I have enough LAW to sell once the price goes up. Since I already unstaked them, I don't have any means to earn LAW. However, I recently learned that you could still earn LAW by staking your sBCH. The question is, how much sBCH do you need to make enough LAW?
So I decided to experiment with the sBCH I took back from my Paytaca wallet. I had 1.89 sBCH and staked them all on the 9th of October. If you would like to know the process of staking them, here's how:
Choose the EDEN ZERO, where you need to deposit BCH to earn LAW
You need to click APPROVE button first and click CONFIRM
Once confirmed, you need to choose SELECT
Then input the amount you want to stake and click DEPOSIT
That's it! The only thing you need to do is wait and let your sBCH do the work.
I staked 1.89 sBCH for 3.123% APR, and in 4 days, I earned 0.384 LAW. Based on the numbers, it will take 12 days for me to make 1.152 LAW or 2.88 LAW in 30 days. It sounds like I need to wait forever or deposit more to earn enough LAW.
Do you think it's worth the wait?
Well, as much as I wanted to earn LAW, I don't think it will be worth the long wait. Since I've heard that there is another way to exit your sBCH, and you can finally send them to your Bitcoin.com wallet, I think I will send them off instead of just staking them.
I don't mind staking them for months, though, if there was no other way of taking my sBCH out of Metamask, but since I found another way, why wait? I have wanted to secure my sBCH back to my Bitcoin.com wallet for a long while, and now that I found the way out, I don't think I could wait another day to have them stay in Metamask.
Nonetheless, those interested in investing in LAW without the need to stake their sBCH can buy sBCH from me. As always, you need to send your BCH to me first before I send you the sBCH. We do the 1:1 ratio. No extra or hidden fees as we can both benefit from it. Here's how to transact with me:
Comment here or DM me on noise.app
Tell me how much you want, and I'll send you my BCH address
Please send me the amount with a screenshot as proof
Don't forget to include your smartBCH address
As soon as I receive it, I will send you the sBCH equivalent of the amount you sent me in BCH with a screenshot
Here's a screenshot of our transaction on the 1st of October for everyone to see that I am legit. You can verify it with @GlenCanete.
For those dying to take out their sBCH from Metamask, like me, you can use Bolivar bridge or Bit.com. Check out these helpful articles for your guide:
How to use the bolivar bridge brought by BlockNG and MistSwap, a tutorial by alberdioni8406
I already tried the Bolivar bridge, and though it was a bit complex at first, you could still do it by yourself with the right guide. I sent 0.011 bcBCH for testing, and still in the Smart Chain as I don't have enough BNB for the gas fee. As for Bit.com, I have not tried it yet, but I will make sure to explore it tonight.
Going back to our main topic, do you think it's worth staking 1.89 sBCH to earn LAW? As always, let me know your thoughts below.
Feel free to follow me on:
noise.cash | Publish0x | Hive | Torum | Twitter
I pawned my bch and created lp to earn 80-150%. Right now I don’t need any sBCH, but I’ll hit you up if I need any 💙