Ripple (XRPUSD)

[WiseYoda]

Same here. NICE...your getting your Songbirds! You can either sell, trade or collect rewards with SGB by wrapping and delegating them. When rewards are collected which are weekly one can either let them compound or sell them. Im choosing to sell my rewards/interest for passive income but as of right now Im going to let them compound up until Nov 5th which is when the EXFI drop happens. The more SGB you have in your Bifrost wallet on Nov 5th the more EXFI you’ll get (every 235 SBG = 1 EXFI). I read that EXFI has a small outstanding count of 80M. I believe only 40M are being dropped and 20M traded with 20M being kept in reserve. I believe their allocating smaller amounts because the price will be higher. We’ll see...

After the EXFI drop my plan is to start selling my SGB rewards which can be significant depending on one’s position. The amount of SGB distributed is based on a ratio of 15% of ones Flare position. If one had 100k Flare then they would get 15k SGB. The Flare ecosystem will have the same set up where one can wrap and delegate them to collect rewards/interest as well. Im planning on selling my SGB and XFLR (Spark/Flare) token rewards for passive income.