$PUSS Staking || What is the current APR?
Greetings to everyone following $PUSS token. Today I will discuss the current APR for staking $PUSS. It is important to know that this apr is dynamic and some factors affects this.
APR of Staking
I have staked a total of 2500000 PUSS , which amounts to 17500$ at current market price (0.007$).
In the post I published yesterday, I received an upvote of 14.923$. The author reward is 50%, so I will get 7.4615$. If it is possible to post daily, the total reward yearly would be 2,723.45$. So the calculated direct APR is 15.56%!. This is APR, not APY. This means if the reward is compounded, the total return can be more than 17%. But there are some factors to consider.
First one is the price of PUSS. The APR is inversely proportional to the price of PUSS.
The APR is also inversely proportional to the total amount of PUSS staked.
Another important factor is the price of Steem. If SBD is unlocked, the APR will be boosted.
Stats from Dashboard
Current total stake of $PUSS is 33,933,312.00.
The mentioned APR in the Abb Curation dashboard is 14.65%.
The APR may also change if the policy is changed by the PUSS foundation.