Staked 500k cudos Here’s how much I earn 🤑
If the project allows for staking, it is always an excellent opportunity to get some passive revenue. I recently staked a total of 500k CUDOS, and in this article I will show you how much more CUDOS I am making hourly, daily, and weekly so that you can decide whether or not you should stake CUDOS. Cudos is one of the projects that allows staking at a lucrative more than 17% APR on staking. But first, one must know: Why am I staking CUDOS?
Why am I staking CUDOS?
I have staked all of my CUDOS for a variety of reasons, but to put it briefly, I believe in CUDOS, don’t want to sell it at this price, and also want to increase my holdings. Staking is, in my opinion, the best way to accomplish these goals because it prevents me from panicking and selling my holdings while also generating passive income.
I have published a comprehensive article describing why I staked all of my cudos, which you may consult by going to the following link: — Why did I stake all of my cudos?
Now, let’s talk about how much I am making with my 500k staked CUDOS
My earnings from Cudos staking
As you can see in the screenshot above, I recently reached a round 500k staked CUDOS total. Since it has been a while since I first started staking CUDOS, I figured why not write an article about this and inspire others to do the same? To do that, I started by claiming all of my prior staking profits and began observing the profits I was making with my 500k staked CUDOS.
As a result, I have many validators in my scenario. Some of them offer 5% commission, while others just offer 1%. I made an effort to spread out my staking to support several validators. Be aware that your earnings may differ slightly from mine because you have the option to delegate to the validator, who may earn higher commissions.
Consequently, after investing 500k CUDOS, I am now earning about 9.45 every hour, about 230 per day, and more than 6.8k per month. Being able to earn more than 6.8K CUDOS without doing anything is extremely fantastic for me.
The simplest method of earning passive income with Cudos is by staking, especially under challenging market conditions, this is the best course of action to gradually build up your holdings of CUDOS.
Cudos is powering the metaverse bringing together DeFi, NFTs, and gaming experiences to realise the vision of a decentralised Web3, enabling all users to benefit from the growth of the network. We’re an interoperable, open platform launchpad that will provide the infrastructure required to meet the 1000x higher computing needs for the creation of fully immersive, gamified digital realities. Cudos is a Layer 1 blockchain and Layer 2 community-governed compute network, designed to ensure decentralised, permissionless access to high-performance computing at scale. Our native utility token CUDOS is the lifeblood of our network and offers an attractive annual yield and liquidity for stakers and holders.