Crypto, Coffee & Fiction

Share this post

How Do I Withdraw my Funds from the Nervos DAO on the Neuron Wallet?

everythingcrypto.substack.com

How Do I Withdraw my Funds from the Nervos DAO on the Neuron Wallet?

Vacation Steve
Nov 11, 2021
3
Share this post

How Do I Withdraw my Funds from the Nervos DAO on the Neuron Wallet?

everythingcrypto.substack.com

Last month, while writing a post for my blog, I locked 1,250 CKB in the Nervos DAO.

As soon as you lock your coins, you start earning the APC. I locked in at 2.86. You can withdraw at any point, but if you do, you STOP earning rewards. You want to wait if you withdraw to the ideal window. In the above example, my next compensation cycle starts in three days. I am in the green window to withdraw as shown below:

As you can see, I earned 2.5951102 CKB. I could wait until tomorrow to withdraw, but for purposes of this post, I’ll withdraw now. Let’s walk through the process by watching my video below:

NOTE: If you learn one thing from this post, it should be that you should not withdraw your funds from the DAO until the end of the cycle. If you do it too early, you lose out on earning additional CKB and must wait the full 30 days to unlock your funds back into your Wallet. Wait until you are in the green window to withdraw.

Related Posts:

Everything Nervos
How does the Nervos DAO Annual Yield Rate Work?
I have seen a lot of conversations on Reddit, Telegram, and Discord surrounding how the Nervos DAO APC is calculated. It’s a common topic, but the materials available are long and complicated, and this has led to some confusion If you are a math genius, you can view the calculations in the documents below…
Read more
a year ago · 1 like · Steven S. Warren
Everything Nervos
How do I use the Portal Wallet?
The Portal Wallet is a dApp wallet that allows you to use your existing Ethereum addresses and wallets to receive and send Nervos CKB. The Portal Wallet (PW) supports the following wallets: MetaMask imToken Coinbase Wallet Opera ABC Wallet Bitpie TokenPocket…
Read more
2 years ago · 1 like · Steven S. Warren
Everything Nervos
Why you need to Protect your Neuron Seed Phrase!
If you are using the Neuron Hot Wallet, it is so important that you secure your seed phrase. We will walk through setting up a wallet in Neuron and then backing it up and restoring it. Let's walk through creating a new wallet in Neuron. Please see the following if you are…
Read more
2 years ago · 3 likes · 3 comments · Steven S. Warren
Everything Nervos
How Do I Secure my Nervos CKB with a Ledger Nano X Hardware Wallet?
In this post, I am going to show you how to move from Hot Storage with the Neuron Wallet to Cold Storage with the Neuron Wallet. Hot Wallets are online cryptocurrency wallets, while Cold Wallets are physical devices that store cryptocurrency inside of them. Sending funds requires manual input thus protecting your funds from theft…
Read more
2 years ago · 1 like · 11 comments · Steven S. Warren
Share this post

How Do I Withdraw my Funds from the Nervos DAO on the Neuron Wallet?

everythingcrypto.substack.com
Previous
Next
Comments
TopNewCommunity

No posts

Ready for more?

© 2023 Crypto, Coffee & Fiction
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing