I don’t unstake for so little, so I at least keep taking the perks.
So, is it worth to take the card now at the current price with the rewards locked for 180 days?
After 1.june it sure as hell its not worth it anymore…
If you spend enough in Euroland it might make sense, as long as it doesn’t go lower than what it is now.
If they really get out of the big circuits (mastercard/visa ) then it’s done/dead.
2 Likes
Do you remember when 6month ago CRO was skyrocketing and now it crashed ~70% from that?
Well, crypto.com to avoid the embarassment decided to remove the 6m chart from their app.
I might be hallucinating, but I don’t see the 6m graph anymore. Nice job.
3 Likes
normally you just re brand the token, but this works as well i guess.
Well the chart is here if you want:
1 Like
I know the graph I know 
edit: actually even coinmarketcap doesn’t have a 6m graph. So maybe crypto.com decided to standardise… right timing.
I opted for the 35k program yesterday since a large chunk of my expenses is in EUR. Let’s see whether it will pay off.
1 Like
All the “smart” people like me that got the card 6months ago seems to unstake now… price is falling again.
I am also “enjoying” a new interest rate on the stacked amount. :
1 Like
to be fair, you could have shorted cro with the amount you own a few weeks back, so you are delta neutral and don’t have to wait till your stake unlocks…
1 Like
My stake is unlocked but if I unstake, I won’t get even the 4%. If I short, be sure, it will go up. 
Well if you keep your stack and pay less than 4% interest you still win even if the price goes up.
Is it really that easy?
1 Like
Well yes, but the interest you earn is 1) small 2) in CRO.
on Kucoin you pay 4.01% yearly (payed in cro) interest for shorting Cro.
This means its not worth it.
I heard about this “technic” a couple of time but still have a hard time understanding it correctly… can you describe more in detail? Meaning in what case is it worth it to short an asset you own and are staking? I guess it’s a pretty obvious answer when you understand, but I don’t
Say you own 1000 CRO, staked at 8%.
If you can borrow the 1000 CRO at less than 8% you can sell it on the market and pocket the difference.
Say you borrow for 2%/Year you basically have a “free” 6% gain with our staked coins.
Its the same principle that people use with shorting BTC while still owning the coin.
2 Likes
First clear explanation I got on the subject, appreciate it
So you need to have a stake % higher than your short/borrow %.
And what is the trigger for closing the short position? Meaning to give back what you borrowed?
Yeah, you could close if the borrowing rate gets to high or any other reason.
The main drawbacks here are:
Realistically you will not find anyone that borrows you the asset at a lower yield than the staking one (CRO right now is an exception since they dropped the rates and the old ones are inaccessible to anyone new). Why should i lend you my asset for 2% if i can get up to 8% staking it myself?
The nice thing is, you technically can not be liqudated since you already hold the asset.
In reality you will most likely do a trade on 2 different platforms. This means you will have to post collateral for the shorted amount (opportunity cost). For example to short 1’000 CRO (valued 180 usd) you will need at least some collateral (18 USD to have a 10x margin short), even if you own the asset (somewhere else).
This means if the price goes from 0.18 to 0.20 you will need more collateral or you get liquidated. You will not be able to close your trade until your stake unlocks.
You see, there is an option to get a stable return, with some drawbacks and opportunity costs.
Also if the price goes to 0 your return is 0 as well…
2 Likes
Coming out: 3500 
500 
1 Like
Looks like its time to buy for me then…