Hi my question is regarding the staking process and the possible different strategies which are available.
Let’s say I stake 100 ICP for a a locked up period of 8 years and I want to follow the locked up compound strategy from the icp.guide. The Best Staking Strategy to Maximize Liquid ICP - The ICP Guide. At the time of staking I do not start the dissolve process until the 8 years a passed.
After the 8 years I start the dissolve process with a period of 6 months.
Is this possible and is this corresponding with the locked up compound strategy ?
If you lock your ICP for 8 years (locked period), wait 8 years then start then dissolving process, you’ll have to wait an additional 8 years (dissolve period).
So, (locked period) + (dissolve period) = how long you’ll wait. In your case, 16 years.
You could set a dissolve delay of 6 months, keep it locked for 8 years, then start then dissolving process, which you would only have to wait 6 months in that scenario.
Thanks for you response.
To get a withdrawal in 8,5 years, can I do the following:
- lockup ICPs for 8 years without starting the dissolve delay
- after waiting 6 month from beginning I start the dissolve delay with 8 years
- then withdraw will be in 8,5 years from the beginning
Is that correct ?