My experience staking memecoin related NFTs on Cardano (22+ ADA every 5 days)

Hosky is one of the few Cardano projects that let you stake your CNFTs. This post isn't a shill, or financial advice, I would just like to share my experience.

For starters, Hosky has a CNFT series called "Cash Grab" that has over 220k tokens in circulation, with an expected cap of 420k. Each CNFT costs 6.9 ADA to mint, and I chose to mint 200 of them. The total comes out to be about 1380 ADA, plus some transaction fees.

Every 5 days I send 2 ADA to an official Hosky wallet, and I get back 841+ million Hosky for my 200 staked CNFTs, which is currently valued at 22 ADA.

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As of today, for a 1380 ADA investment, I get a 313 day return on investment (ROI). Of course this isn't constant, and can change with the price of Hosky token. When I started staking these CNFTs several months ago, the ROI was closer to 40 days. Even now, these returns are competitive with the best crypto miners out there, which typically have 300-500 day ROI.

• Disclaimer: It's import to keep in mind that these returns are twice removed from USD, or in other words, they fluctuate with the price of ADA and Hosky token. This is a big deal in a bearish market.

I did sell enough Hosky to cover my investment, and am now saving every single Hosky I earn (mainly just for fun). I don't know where this investment goes from here, as there aren't really many guidelines in CNFT staking. I just don't see anyone talking about this, and wanted to share my experience with you all.