Parachains Bonanza - Burned SUB To Make 100 DOT

6 days ago

Polkadot is a protocol that connects blockchains, allowing value and data to be sent across previously incompatible networks. It is designed to be fast and scalable, while the $DOT token is used for staking and governance.

The Polkadot network includes a main blockchain called the “relay chain” and many user-created parallel chains (parachains). The connecting layer allows value and data to be transferred between most blockchains, and can even be used to connect to non-blockchain databases.

The reason Polkadot can process all of this information is because the many parachains do the heavy lifting for the main relay chain. As a result, the Polkadot network can process more than 1,000 transactions per second, compared to about 7 for Bitcoin and 30 for Ethereum.

My journey started with 14 DOT, which I staked on SubWallet a while ago! I had a good spell on Grill, but I've seen that the platform had no chance to survive if the team would not take a clear positions against scammers!

I sold most of my $SUB and got $DOT in exchange, because the ecosystem had no fault for Grill slowly dying! My stash grew to 84.2 and this gave me 1.05 DOT in a month!

This was a vision that I wanted to embrace, and this potential growth fuelled my Polkadot exploration. Do you know that as the network grows and more parachains are added... Polkadot should get even faster?

I still supported Grill, and kept posting for two more months! I supported the genuine creators on the platform, and done my best to keep the good vibes alive. Unfortunately, it was me and a handful of people that wanted good... while the others wanted to milk the $SUB and sell!

Meanwhile, my DOT was farming more DOT! Even if the APR dropped a bit, I was still farming ok at 13% per year! SubWallet helped me as it lowered the entry barrier into the Polkadot ecosystem. You should give it a go!

It is built on top of Polkadot {.js}, and focuses on improving UX & UI, being available on both mobile and extension. The vision was to create the wallet as a Web3 multiverse gateway through which users can enjoy multi-chain services with utmost ease and absolute security!

What type of crypto bro are you? DeFi, memecoins, staking, NFT collector or SocialFi? SubWallet is a winner, with earning options available on a plethora of chains. Best part? I could do swaps and transactions across the parachains!

In those two months of Grill rehab... nothing changed! I said fuck it... and I quit! Those scammers where still robbing the honest creators and no one had an issue with it! I unstaked the remaining $SUB and seven days later I was ready to swap for $DOT!

I've done everything in-app, sending the $SUB to Hydration and then swapped 144k for 13.22 DOT. Has a good deal, clearing my stash just before SUB went in the grave. It was 0.01 when I joined and is now at 0.00055 and struggling. The idea was good... the leadership was bad!

Few clicks later and I had the DOT ready to move from Hydration to Polkadot! One more transaction and it was ready to be compounded! Claimed another month's reward and added all in the pot! It was like poetry, as the new addition rounded up my holdings to 100 DOT!

Now I can sit back and relax! Will let the yields work behind the scenes, and compound the rewards every couple of months! The estimate is between 0.80 to 0.90 DOT per month, depending on the APR fluctuations! It's not much but is honest work!