Hey I don't know how to stake in MEW, does anyone have a guide?
Here you can see a detailed explanation about stacking in MEW:
https://bitcointalk.org/index.php?topic=2110712.msg21934703#msg21934703One thing I think it could be more clear is when stacking and minting for the complete 90 days compared to stacking and minting every 3 days. Which of the 2 ways rewards more tokens because one would expect to have a higher reward if we don't touch the tokens for 90 straight days compared to every 3 days.
Curious to see whats the process.
The more frequently we do the pos mining, the more postokens we accumulate
For example:
Blob has 100 tokens, he hold them for the whole first year and mine every 3 days.
Alice has 100 tokens, she hold them for the whole first year and mine every 90 days.
If we use 100% to do the calculation:
Blob will receive 100*((1+100%/365*3)^(365/3)) ≈ 271 POS
Alice will receive 100*((1+100%/365*90)^(365/90)) ≈ 241 POS
You can see that the effective interest rate of first year range from 140% to 170%. The totalSupply will increase to at least 2.4 Mil after the first year, this is bad for the whole system.
But if we use 77% to do the calculation:
Blob will receive 1000*((1+77%/365*3)^(365/3)) ≈ 215 POS
Alice will receive 1000*((1+77%/365*90)^(365/90)) ≈ 200 POS
Very good calculations. We need to take into account that postoken is 2 months old now and in the next 10 months not every person will stake and mint, as many will not use the gas or their tokens will sit in the exchange or others will forget about them. This will hopefully reduce the total supply and make the token even more rare, and even 2.4 million is not a huge supply.