🟣Types of Staking Pools — Which is the right one for you?🟣
Generally speaking, all staking pools can be roughly split into two types — those that require fund lock-up, and those, which do not. So which one is the right one for you? Well, that depends on what type of investor you are! Let’s dive a little deeper.
- Pools with Token Lock-Up🔐
What does token lock up mean? Simply put, when you use this type of staking pool, your tokens are locked up for a specified amount of time.
These pools are beneficial for tokenomics, since the number of coins does not continuously grow, which means less inflation on your assets. Another perk is that the number of participant slots in these pools is limited, which means a fixed APY — in other words, every participant is guaranteed a fixed level of profitability.
The obvious downfalls? You can’t take out your staking profits any time you wish, only at the end of the lock-up period. This leaves many users feeling they lack control over their assets, and indeed, they are right! After all, these are your funds and you should have 100% authority over them at all times, right? Well, these are the rules.
Another disappointing fact is that the amount of funds that can be locked in a pool is limited, which means you may not even make it to the staking pool of your choice.
2. Pools with No Token Lock-Up🔓
With this pool type, you can withdraw your staking profits any time you wish, which seems fair and never hurts, right? You never know when your profits may come handy, so this flexibility isn’t something you want to pass on.
Besides, these pools have no staked amount limits, which means you are free to enter at any time. However, the more people take part in the pool, the less rewards each one of them gets. The reward amount remains the same, while the number of participants increases — it’s only basic maths that each participant gets less of the reward.
🚩Conclusion
So going back to our initial question, which staking pool is right for you — it’s up to you to decide! We at BXH, however, have made up our mind a while ago.
We believe in our users having 100% control over their funds and in the spirit of complete trust and transparency — opt for non-lock-up staking pools. We also work to maintain one of the highest APYs in the market. Our BXH/USDT pool, for instance, boasts a whole 47.79% APY.
So if you want to get staking, you know who to call (or better else, where to go)! app.bxh.com/
Stay Tuned for BXH News & Updates!🚀
