/biz/ - Business & Finance

it's a good news for chainlink stakers

GMX made 3,489,866.94$ as fees yesterday, let's do a quick math

>3,489,866.94$ * 1.2% = 41,878.40$ / day that goes to chainlink
41,878.40$ / day that goes to chainlink

>41,878.40$ / 22,500,000 = 0.00186126$ per day per link
this gives 0.00186126$ per link per day

>0.00186126$ * 7000 = 13.0288$
a stack of 7000 staked will yield you 13.0288$ extra / day

>13.0288$ * 30 = 390.86$ per month.
which is 390.86$ / month per 7000 link staked

>(390 * 12) / (7000 * 5.2) = 0.1288
GMX alone could represent 12% APY

>12% + 4.75% = 17.6% APY
so with these numbers link staking could yield 17.6% APY and that's only accounting for GMX KEK
Imagine IMAGINATIONS! with BUILD shitcoins, and more projects like GMX

get fucked bulgarians