Avail Network And The Efficient Strategy For $AVAIL Staking
I knew AVAIL will be better than others! The project wants to accelerate the unification of web3 by using cutting edge modular technology stack that combines data availability, aggregation, and shared security. So many buzz words!
The launch of the Avail DA introduced the first modular data availability layer using validity proofs + data availability sampling. The AVAIL token powers the network, pays fees, stake to secure, and more. The Unification Layer for Web3 starts with Avail DA.
Avail DA introduces the first modular data availability layer that combines validity proofs and data availability sampling enabling entire networks of blockchains to scale. Avail DA enables L2 solutions to reduce operational costs and enhance scalability by implementing Validiums, Optimiums or Sovereign Rollups, RaaS providers to build with a robust, validity proof based DA layer that’s optimized for ZK tech, and helps Blockchain devs to access scalable blockspace for their modular tech stack.
The AVAIL token is the native asset of the Avail network. It’s used to pay for Avail DA fees and secures Avail via staking. AVAIL token Holders can now stake, providing security to the thousands of blockchains ready to use Avail.
The spark was given by the 600,000,000 $AVAIL tokens airdrop for various rollup users, community members, developers, stakers, and more. The blockchain ecosystem developers, testnet contributors, rollup users, polygon PoS stakers, and significant community contributors were also eligible for the airdrop.
My share was 5,297 tokens, and I received my airdrop allocation straight into the Subwallet. The $AVAIL price on launch was close to $0.18, but it dropped when paper hands dumped their tokens. I decided to keep most of the 5,297 $AVAIL I received, even if the amount was quite juicy. If I had cashed out the whole amount, I would have added $796 in my stablecoin portfolio. But I am a degen and I love long-term games!
I sent 290 $AVAIL to Kucoin just to make sure I got some rewards in case the price would crash further. It took 12 hours to arrive on Kucoin, but on the positive aspect of the delay… the price went from 0.12 to 0.23 USD!
I staked the remaining 5000 $AVAIL in two batches, 1000 for quick farm and withdrawal and the rest for long term. The initial APR was 5425% so staking early had some perks. Why I’ve done two batches? Because once stacked the funds are locked and unstaking takes 28 days! The staking rewards were added every 24 hours, with a manual claiming process!
Claimed the rewards from the 1k batch and unstaked them, hoping for little volatility in the next 28 days. The main batch of 4000 AVAIL kept farming, and the APR stabilized at 24% after the first week. The rewards are adding up, and the bounty after the first week reached 57.93 $AVAIL! That’s nearly $8 worth of free crypto, obtained with a bag of … free crypto!
The initial value of the airdrop was close to $800, and the current value plus what I’ve sold on Kucoin is about the same! HODL mode was not a bad decision, with even more $AVAIL being farmed as I am writing this post!
I initially sold 290 tokens for 65 USDT, then staking rewards and the smaller staked batch! Sent 1091 $AVAIL to Kucoin and swapped for 152 $USDT without blinking! Making $217 profit from free money is a no-brainer!
I will keep earning $AAVAIL and will wait for the permissionless unification layer for web3. This unification layer will not only help any blockchain scale on Avail DA, but will simplify cross-chain transactions with Avail Nexus, and provide comprehensive shared security via Avail Fusion.
Residual Income:
Airdrop Hunting: Layer3 / Mode / blast.io/HJEUV / Linea
50% discount on Scroll Canvas: use code TFNWC
Content: Publish0x/ Hive / GrillApp
Play2Earn: Upland / Splinterlands / ++Doctor Who++
Cashback Cards: Plutus Card / Crypto.com
$ZEC: PipeFlare / GlobalHive
PVM The Author - My Amazon Books
