COOK has launched a new staking event, where staking COOK can share 200 cmETH. If you still have COOK in your wallet, you can check it out; last time Binance compensated a lot to each user.
This COOK is originally a token for earning points by staking ETH, and now staking COOK can also earn points to share ETH, creating a death loop. Is this the legendary Ouroboros? The Chicken Brother is quite speechless about this, but it doesn't prevent COOK from rising 20% today to reach 0.028u.
【Annualized Return】 Total Reward: 200 ETH, valued at 200x3000=600000 Total COOK Power: currently 246M 600000/246000000 = 0.0024u So 1000 COOK (28u) flexibly staked for 90 days will yield 2.4u, which calculates to an annualized return of 34%.
Currently, the annualized return looks good, but as the number of stakers increases, the annualized return may decrease. If you have COOK and don't plan to sell it, you can go ahead and stake it; after all, it’s just sitting there. The Chicken Brother chose to take advantage of the price increase and sell.
#一图流 How to stake COOK in your wallet to share 200 ETH.
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