Hydra (HYDRA) staking calculator
Find out instantly how much HYDRA interest you could generate by entering your staking amount and how long you want to stake your Hydra for.
Calculate your Hydra staking rewardsCopy link to section
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How to use our Hydra staking APY calculatorCopy link to section
The Hydra rewards calculator is super simple. Just follow these steps to find out how much you could earn through staking Hydra today.
- Enter how much Hydra you want to stake. You stake as much or as little HYDRA as you like.
- Choose your reward frequency. Put in whether you’re going to receive your rewards daily, weekly, monthly, or annually.
- Enter the interest rate. The rewards rate is an annual rate, even if you receive daily payouts.
- Enter how long you want to stake your HYDRA for. Normally, the longer you lock your money up for, the higher the possible rewards.
And that’s it! The results update automatically as soon as you change any of the details.
Where to stake HydraCopy link to section
Our preferred platform for staking Hydra is KuCoin . It’s a great place to store and keep your money safe while also offering a range of staking and payout options.
How do I stake Hydra?Copy link to section
The easiest way to stake HYDRA is to use a platform like [top-partner] to join a staking pool. The staking platform takes care of the technical side of things for you and pays out your rewards straight into your account at regular intervals, just like how a bank credits a savings account at the end of each month.
Once you’ve chosen a platform and created an account, you usually just need to send your HYDRA to the built-in wallet. Sometimes you need to actively choose to stake, while with other platforms the Hydra is staked automatically.
For example, with Nexo, you start earning interest immediately, as soon as you have HYDRA in your Nexo account. You then have the option to create fixed-term contracts which pay higher rates for a period of time.
How much can I make by staking Hydra?Copy link to section
Use the Hydra earn calculator to find out exactly how much you could make. However, in almost every instance staking HYDRA pays a better rate of interest than keeping fiat currency in a bank savings account.
For example, if you have £1000 in a savings account paying 1% interest, over the course of the year you would earn £10. This is normally paid into your account on a monthly basis.
Hydra staking rewards are higher, more flexible, and can be paid out more frequently. For instance, if you spend $1000 to buy HYDRA and deposit it onto a staking platform, then you may be able to earn significantly more and receive that money on a daily basis. If the HYDRA reward was 8%, this would be the calculation:
£1000 x 8% APY rewards = £80
£80/365 days = £0.21 per day
Or in Hydra:
1 HYDRA x 8% APY rewards = 0.08 HYDRA
0.08 HYDRA/365 days = 0.0002 HYDRA per day
You can also choose to adjust your staking amount or withdraw your money at any time without losing out on your rewards. The trade-off is that the price of the coin is more volatile than fiat currency and the value of your holdings can fluctuate dramatically.
Can I stake other cryptos?Copy link to section
Yes, you can stake lots of cryptocurrencies and spread your money into different platforms to get the best rates, if you like. Here are some other cryptos that offer great staking rewards.
- Polkadot. Polkadot uses both proof of stake and proof of authority algorithms.
- Ethereum. Ethereum is the second most popular cryptocurrency.
- Polygon. Polygon lets users connect ethereum compatible blockchain networks.
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