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
This formula for 90 days seems to me not quite right. Why do you divide 365 by 90? And where is the period of maturation? Why do not you take it into account in calculations? In my opinion, the division into 90 + 3 = 93 will be correct. Or am I wrong?