A couple of weeks ago I started staking with two new coins - Cardano and Zilliqa. These two positions are initial forays into staking these two coins and if it goes well, I will add to each position. For now I am testing and learning how staking works for ADA and ZIL.

In such a short time I am already very happy with my staking of ZIL for two reasons:

1. The price action has been very nice, especially compared to other coins and tokens in the market. According to CoinGecko, at the time of this writing, ZIL is up 45% in 14 days and 133% 30 days!

2. While the price is nice, the big point I'm excited about is the staking and passive income! After around 2 days, I noticed ZIL starting to accumulate to be claimed. Staking ZIL currently earns 17%!!!

Price appreciation + Staking Income = A very happy Christmas!

Now that we are past the exciting bit, what do you need to know that I messed up on? ZIL is not like TRX or XTZ, where claiming your coins is free and often automatic, but it instead requires ZIL to claim. While this is precisely why I initiated a test position, in my rush to find more passive income, I didn't leave behind enough ZIL to actually collect and compound my staking rewards.

According to my wallet, I need around 10 ZIL to collect the reward. I think it will be less than 10 ZIL, but either way, I'm off to the exchanges to put a bit of pocket change in my ZIL wallet. So don't be like me... please remember to leave behind some ZIL to actually make staking and claiming possible. The process has been great so far, but now I need to find myself some more ZIL.

TLDR: Claiming staking rewards on Zilliqa requires ZIL, so make sure you leave some ZIL in your wallet when you stake!

Thanks for reading and Happy Holidays!