Olympus (OHM) staking calculator
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Find out instantly how much OHM interest you could generate by entering your staking amount and how long you want to stake your Olympus for.
Calculate your Olympus staking rewards
Copy link to section| Ending balance | ||
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How to use our Olympus staking APY calculator
Copy link to sectionThe Olympus rewards calculator is super simple. Just follow these steps to find out how much you could earn through staking Olympus today.
- Enter how much Olympus you want to stake. You stake as much or as little OHM 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 OHM 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 Olympus
Copy link to sectionOur preferred platform for staking Olympus is Start Trading . 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 Olympus?
Copy link to sectionThe easiest way to stake OHM 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 OHM to the built-in wallet. Sometimes you need to actively choose to stake, while with other platforms the Olympus is staked automatically.
For example, with Nexo, you start earning interest immediately, as soon as you have OHM 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 Olympus?
Copy link to sectionUse the Olympus earn calculator to find out exactly how much you could make. However, in almost every instance staking OHM 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.
Olympus staking rewards are higher, more flexible, and can be paid out more frequently. For instance, if you spend $1000 to buy OHM 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 OHM reward was 8%, this would be the calculation:
£1000 x 8% APY rewards = £80
£80/365 days = £0.21 per day
Or in Olympus:
1 OHM x 8% APY rewards = 0.08 OHM
0.08 OHM/365 days = 0.0002 OHM 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 sectionYes, 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:
- Tether. Tether is pegged to the dollar and is the best known stablecoin.
- USD coin. USD coin is the second most popular stablecoin.
- Binance coin. Binance coin was created by the Binance exchange and is also a stablecoin.
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