Sideway market is boring. Staking on Optimism has been great.
1: Synthetix (SNX)
124.54% on OP
45.01% on Mainnet
Reward claim TX cost is less than a dollar.
It costs a lot more (I remember it went as far as 60$) on mainnet, surely depending on gas fee.
Why not migrate to L2 for more APY and cheaper tx fee
Note that there is 1 year escrow so that you can not move the staking rewards till then but can stake them.
Crypto derivative market
207.89% for LP reward
I prefer single staking though
They started bribe with OP which giving additional 77.43% o top of THALES APR
not much but there is no need to worry about price change as you will be staking stable coin(s).
SNX staking is profitable, not inly staking reward but also trading fee for the stakers.
Example staking strategy
1: Stake SNX and get sUSD
2: Stake sUSD on Curve or convert to WETH and THALES to LP stake on THALES for more APY
3: Be careful of SNX liquidation
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