cryptolinkbase.com
Cryptocurrency and Blockchain Knowledge Directory.
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!"
