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Joapatagon
Aug 24, 2023

I saw a few days ago that the Quarter was ending and REWARDS were distributed among those of us who are STAKING, so I went in to see what could be done with those tokens...

I had read in some post that you have to pay to claim the rewards, to restake or to extend the period in which you are staking, but I did not know how much $ it is and for that reason I did some simulations with my rewards to see how much fee should i pay to do any of these options with my earned tokens

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CLAIM

The following image is a screenshot of the staking page, where it shows all that information about amounts, staking start date, number of quarters, etc., so I covered some data so they don't know how many BBS I have there haha. ... But hey, for the example I had to show the "Claimable Rewards". Once you select the CLAIM button, the poster of the second image appears

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Then, when you press the new CLAIM button, your METAMASK opens to confirm the transaction (I skipped the part where we connected the wallet because otherwise I couldn't see my staking position), where we can see the fees that we must pay to claim the tokens... In my case, I should pay almost the same (in $ dollars), as the rewards I'm claiming... So there's a very important decision to make here... *Which I haven't defined yet*

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RESTAKE

The same happens with RESTAKE, since clicking the homonymous button, the same sign appears as for CLAIM and the process is the same, with METAMASK and in the image below we can see that the fee is almost the same as for claiming the rewards

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Here we can see the fees

With this I do not want to argue or say obvious things that we all know about how expensive the ETH network fees are currently or anything like that, but yes, I was surprised by the value of the fees... I expected them to be higher and I understand that there are days and times when they are even lower (I think on Sundays but I don't know at what time, much less in what time zone xD)

What I don't know is what happens if I don't collect those rewards... Will I lose them, will they stay there for when I decide to claim? If anyone can clear that up for me, that would be great!

In case you are interested in knowing more about my experience with staking, here I leave the previous post, where I comment on all the steps I had to do to achieve it

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