First, good news
Coinbase is doing it again. If you have a Coinbase account, you can earn easy KNC ($6)
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Just watch some videos and answer quizzes. Easy peasy KNC squeezy right into your wallet. If Coinbase is available, everyone should get that.
Another good news is that I got rewarded for voting during Epoch 1 π
Bad news
Epoch 0: DeFi Kyber Network: How to Stake Kyber Network Crystal (KNC) on KyberDAO
Staking Cost: $3Epoch 1: DeFi KyberDAO: First Proposal Started Vote For Reward?
Voting Cost: $2.5Epoch 2: We are here!
My stake: 120 KNC
Reward: 0.001993 ETH (~$0.63)
Claim Cost: 0.0089 ETH (~$2.81)
Epoch 2 voting must go on...
Voting Cost: 0.0158 ETH (~$5)
How is KNC doing?
It's not good. It is not bad either but there was a dip right after epoch 1 ended.
Everybody is disappointed about the reward and took the money out and go? idk but it doesn't make sense to vote since the fee is just too high.
It doesn't even make sense to claim the reward right now. Expensive fees are not necessary KNC issue but the staking reward isn't that great anyway so it makes no sense to keep going with this thing.
My staking result: $6 - $3 - $2.5 + $0.63 - $2.81 = $-1.68
A lot of people are still staking though
If you have more staking power, you would get better rewards? Or this fee allocation voting will improve the rewards in the future? Vote delegation will be more rewarding? I am not sure but I don't think so... at least for now.
For me, it is time to pack up my KNC and find something else to try. There are more interesting things happening in DeFi space!
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