Staked some EOS on EOS REX by chronocrypto

eosres · @chronocrypto · May 3 '19 (edited)

$4.47

Staked some EOS on EOS REX

<center>![](https://cdn.steemitimages.com/DQmcTU3rGNHThAzRGGiBXUoscvNZwJJfZYcvcURt4CR72Bk/image.png)</center>
I wrote about it for SteemHunt today not much information I will get to writing one down, in the mean time I have added some of my EOS and checked it out see what the outcome is. 

Check out the post [here](https://steemhunt.com/author/@chronocrypto/eos-rex-rent-eos-resources)

***Want to help me out?***
* EOS: chronocrypto
* BTS: chrono-polis
* BEOS: chronocrypto
* ETH: 0x7cc48a18b2CD86758a149C9Df0E9f063A782D8b1

👍 bhuz, ghasemkiani, smartmarket, sbi8, coinmarketcal, chesatochi, eforucom, rivalzzz, edgarf1979, zugs, louis88, bamboozled, cifer, rai-jin, schlees, apoloo1, raorac, ishare, garrettwallace, dishui, didadi, dishui2, babalo, kal.eso, px1, yishion, hodita, honshu, dermorzi, rishi-sayz, wave.beads, killerbot, luli1, awhale, fahri, khush1803, minminlou, bpbuilder

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@chesatochi · May 3 '19

Do you know the interest level?

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@chronocrypto · May 3 '19

You mean, the buying and selling of staked resources? Pretty much like Steem but EOS has many many more dapps games etc and players and dapps need the CPU,NET and RAM to run.  So I would say the interested is pretty damn high, considering EOS is $5 and Steem is $.30.

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@grintsch · May 3 '19

Interest is super low. For borrowing you currently pay less than 1% annually.

REX has an indirect interest system. You don't get paid the interest directly but buy REX tokens, your EOS goes into a pool. If anyone lends from the pool, their fee goes back into the pool, and in the end the resources are being added back there as well. Once you decide to sell your REX, you will get a higher price than before because the ratio of EOS vs REX is higher. This price increase is your interest.

Atm there's already a lot of EOS in the pool (45m) but hardly anybody borrowing, so interest is low for lenders.

Posted using [Partiko Android](https://partiko.app/referral/grintsch)

👍 chesatochi

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@chesatochi · May 3 '19

That seems EOS is not very popular, the only dapp I tried so far is EOS Knight.

👍 grintsch

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1 reply