The Easy Way
Send your whole balance back to the same address. Works using the Agama Wallet or Swing Wallet.
Instructions : --
In command line
Komodo-cli sendtoaddress "yourkmdaddress" "amount"
*amount = Should be 10KMD or more (we prefer sending whole balance to your self )
Note! You get your 5%APR interest as long as you claim the interest once per year.
Warning! Any z-transaction will nullify the interest.
The following information is for advanced users who would like to gain a more complete understanding about how the interest works and how to reset it with properly without sending the whole balance. Let us begin.
- Each UTXO accrues interest independently.
- You may do a listunspent command to find out how many utxo you have.
- Next, do that many small transactions one after the other before the previous ones get confirmed
The rules are simple:
1. must be over an hour old
2. must be for 10 or more KMD
3. must have nLockTime set
Accrues up to 5% of utxo amount at a rate of 5% per year
When you spend that utxo you are able to collect the accrued interest for that utxo.