Is 1300 crv worth staking? @curvefi

Asked 1069 days ago
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Is 1300 crv worth staking?

asked 1069 days ago

1 Answers

The answer to the question of whether 1300 CRV is worth staking depends on a variety of factors. The most important factor to consider is how long you plan to leave your CRV staked. If you are planning to leave it staked for a long time, then it may be worth staking. However, if you are only planning to leave it staked for a short time, then it may not be worth it. Additionally, it is important to consider the gas costs associated with staking. With only 1300 CRV, the gas costs may not be worth the rewards you would receive. Therefore, it may be better to try to increase your CRV holdings to at least 5k in order to justify the gas costs and get more out of your staking rewards. Additionally, you could look into staking platforms such as Convex, Stake Dao, or Yearn, which may offer higher returns but with more risk. Ultimately, it is important to carefully consider all of these factors before deciding if staking is the right choice for you.
answered 1069 days ago
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I guess it depends on how long you plan on leaving it. With that amount, it would be better to make as few claims as possible. Personally, if possible, I'd try to at least come up to 5k which will justify the gas costs a bit and your earnings will slowly net out your expenses. You could always put somewhere like Convex, Stake Dao, or Yearn to give you more flexibility, and higher returns, but with higher risk of course
answered 1069 days ago

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