How to Earn 3678,3%+ Yearly Returns on Your Crypto Investment | NEAR Staking

If you have been following my articles on here (if you don’t, please consider following), you know that I’m a big believer in the Cosmos Ecosystem.

This is with good reason, too. I came for the airdrops and stayed for the technology and the future.

Before we get into the juice of this article, let me tell you one thing about the Cosmos Ecosystem. This is a network of interconnected blockchains. What makes the Internet such a powerful tool is its connectivity across the globe. So is the Cosmos Ecosystem!

Evmos Network

Evmos is a sovereign blockchain on the Cosmos Ecosystem. But as with other blockchains on the Cosmos, this one, too, is fully interoperable with all the other blockchains and projects on the Cosmos.

But, Evmos is a little special, too. The ‘Evm’ part of the network name stands for Ethereum Virtual Machine — a fancy way of saying that this is a mechanism for the Ethereum blockchain to be bridged to something — in the case of Evmos, bridging the Ethereum blockchain to the entire Cosmos Ecosystem.

This is MASSIVE. Ethereum blockchain is the second-largest blockchain by market capitalization, behind Bitcoin.

So, when Ethereum folks realize what the Cosmos Ecosystem actually offers over other blockchains, there is already a highway for the capital to flow from Ethereum to Cosmos — through Evmos.

All of this was just background information.

Let’s get to the juicy returns!

Evmos 3678,3% APY

Evmos tokens were airdropped for $ATOM, $OSMO, and Ethereum users. Unfortunately, I was not eligible for any of these categories.

The folks who did receive the airdrop enjoyed a luxurious APR of over 1,200% initially for staking their tokens.

Staking is locking your tokens to ensure the security of the blockchain. In return for your commitment, the network rewards you with more coins of the same. This is called staking returns.

As more and more people claimed their airdrop, the Evmos staking return % dropped over time and sits around 520% APR at the time of the article.

Yes, I promised 3678,3% returns, and that’s coming next.

So, APR is your annual rate of return if you don’t compound your returns.

One best thing about crypto is that it never stops. Returns are distributed every minute/hour/day as opposed to, say, dividends in the stock market that comes once a month, once a quarter, and once a year.

The faster you can compound your returns = the faster and higher you can grow your investment.

This is where our friends at Ecostake come in handy. These people have built an automatic restaking application.

This application eliminates the need for manual (your) intervention to harvest staking rewards and restake them — costing both your time and gas fees.

You can see the APY rewards for Evmos staking through the Restake app sitting at a little over 3678,3%. right now.

This is big money!

Of course, this is not fixed. As I mentioned before, the yield rate has gone down since the beginning of the year, and will most likely continue to go down.

So, don’t go head first with all your life savings into Evmos staking!

But, should this APY hold and you have the discipline to let a $1,000 sit untouched in this staking system, it would grow to $36,783 at the end of one year! Not too bad.

But fair disclaimer — this APR or the APY almost definitely will not hold at these rates for a year. The more people will stake and compound $Evmos, the APR and APY will take a hit.