I recently put some of my ether into decentralized staking. My thought process was that I wasn't going to get rid of my ether anytime soon, so I might as well have some guaranteed returns while I hold ether. But, both of my decentralized staking choices have been decreasing in value relative to ether. How is this possible? These tokens are supposed to receive rewards from validation, and then that reward should increase its value relative to eth. But, the two protocols I used (rocket pool RETH and interest compounding eth ICETH) have both been losing value relative to ETH.
I know that the whole market is crashing, but I still thought that these should do better than ETH. Can anyone explain to me why these tokens would lose value compared to ETH?
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments