Entry details

Algo Optimizer


Category: Blockchains -> Algorand

Type: homesite


"To optimize staking, it is important to compound your balance. If you have a Buy and Hold strategy, you need to periodically update the balance on the blockchain so that your staking reward is based on your current balance. To facilitate these updates, a 0 ALGO transaction must be sent to your wallet, which will add your staking rewards to your wallet and start compounding with that new, higher balance!"




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