Zero Algo transactions for rewards compounding?

General
1

It’s been a while, but I have now just transferred my Algo back to my own wallet and I remember having made daily zero Algo transactions to myself for rewards compounding.

I guess this is not necessary anymore?

Because every time I take a look at my wallet the balance has increased automatically.

What has changed since back then?

2

Hi, @MasterOne , welcome back on the Forum!
Only the output display of the Algorand wallet has changed.
But you should still send yourself a zero amount transaction, to get the rewards added to the account amount.

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3

Very well, so be it.

Is there updated information about this matter available?
How often should you do such a zero Algo transaction to yourself?

In the past I have done it every single day, but the blog article on PureStake, which I have based my tactics on back then, is from 2019 and obviously outdated.

4

So no clue about what interval makes sense?

Once a day?
Once a week?
Once a month?

After all, each transaction comes with a fee of 0.001 ALGO.

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5

The blog article at Purestake is valid now as well. Here it is stated that the interval depends on the amount. See: How Algorand Rewards Distribution Works | PureStake

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6

I’m not sure if the information in that article is still valid, as it has last been updated in February 2020.

I’m only hodling a little more than 13.000 ALGO in my account and I have been doing daily zero ALGO transactions in the past, so I guess I will stick to that plan, unless someone can tell me otherwise.

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7

The blog post mentioned by @Maugli is still valid.
However, the actual reward rates have changed.
Furthermore, participation rewards are expected to be phased out some time in 2022, being replaced completely by governance rewards.

8

So what would you say, is it still beneficial to send daily 0 ALGO transactions when holding just 13.000 ALGO?

And what’s the best way to stay up-to-date on current and future development, especially changes like the mentioned phase-out?

9

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Algorand optimiser
It’s brilliant

10

Much easier

11

Indeed makes sense for not having to fiddle around with this yourself. :+1:

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