With cryptocurrencies getting so much attention in 2021, both BTC and the ALT coins are mooning and don’t seem to be stopping anytime soon. I am invested in a few ALTs and one of my faves is ZILLIQA (ZIL). A good way to grow more ZIL is by staking them on the Moonlet app. You get around 15.05% APY (annual percentage yield) and this is excluding the gZIL rewards that you will get for every 1,000 ZIL that you earned as staking reward. This could potentially bring your APY up to ~30% which is pretty amazing assuming the price of ZIL continues its trend upwards.
Here’s a calculator for you to see when is the optimal time to redeem your rewards and re-stake them for compounding profits. [LINK]
Remember to set a calendar reminder to claim your staking rewards for maximum profits!
