PSA: You can earn 15.89% APY on your CRO (Crypto.com) if you stake it on a wallet (rather than official crypto.com apps)

With CRO pumping many of you might have noticed that to stake/earn through the crypto.com apps you need a minimum stake of 5000 CRO (!) and you'd get 5% APY or so depending on your card tier and type of stake/earn.

What many don't know is that CRO apart from being ERC-20 also exists as Cosmos/Tendermint network asset in the form of the crypto.org (yes, org) chain. That chain is created by crypto.com and is open-source and supposedly "decentralized".

In any case, this means if you open a crypto.org wallet on Keplr (web-only) or Cosmostation (app) and send your CRO there, you can stake/delegate it like any other project that runs on Cosmos and get about 15.89% APY if you pick a 0% commission delegator. There is no minimum stake!

Fees for staking/unstaking/claiming rewards or sending the CRO from and to the crypto.com app are miniscule (about 0.0001 CRO or so, less than a cent).

Rewards are generated immediately, unbonding period is 28 days (this means if you wanna get all your CRO back, you need to wait a month, during which you won't get rewards).

You even get to participate in governance :3

There might be ways to get more APY out of your CRO, but for me that seems the best and easiest and safest way to do so, I definitely will not let any CRO that I do not need for my card tier staking, sit around idle on the crypto.com apps :D

Disclaimer: This is not financial advice, I'm no expert, and pardon any terminology I might have gotten wrong. I own CRO and have partly staked it as described above.

EDIT: I might be mixing up APR and APY. In any case, it's still a lot of free CRO you get xD