$1.61 -1.38%
ADA · 2w

Question About Staking

I'm new to Cardano and want to start staking as soon as my funds settle on coinbase. I understand that you get your first reward after the first 15-25ish days, and after that it is every 5 days. So if I have 8000 ADA and the rewards is roughly 5%, does that mean I will be making 2400 ADA every month? Which, if the price keeps hovering around $1.30, I'd be making 3K a month? That sounds too good to be true so I wanted to make sure I wasn't misunderstanding something. Thanks in advance!
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