Bitcoin Forum

Sorry, I'm too early on this forum. I was on this forum with a different account about a year or two ago, but I lost access, because I forgot my account username and password. So far, I have been actively trading crypto, only relying on information from exchange announcements, and other media.
I want to ask friends about staking Shiba Inu [SHIB] tokens. Where can we do it with high APY/APR?

Binance offered a good APR/APY but that depends on your amount of shiba inu and it's still running, you can take a look at it through this link https://www.binance.com/en/pos

You can also read the percentage of APY and some requirements from here https://www.binance.com/en/support/announcement/99fa76398434421abdb03e2d8b4fe6f8

It's better if you staking your coin on the reputable exchange site like binance as it gives you guarantee for your shiba

i would suggest the same, with binance, your funds are pretty well taken care of. though there may be exchanges or farming sites offering higher APY, but you can never be sure their integrity later on. they can always pull off a hacking incident (inside job), just to get out the market scene. i noticed that in binance, some coins have relatively lower APY than other platforms. but your guarantee that your funds are secure is there. also, think about the future of SHIB. do you really think this meme token has future?

Binance seems to be the best and common for staking Shiba Inu. But you do not own the keys as you stake there and you should know the risk upon staking your shiba inus there.
Funds are safu but if a hack happens, we'll not sure if they'll still refund it but most likely it will and as for the future of Shiba, it is uncertain as it's just another meme coin that's inspired by dogecoin.

Its 3.5% to 5.3% right now. itn not a good APY when you compensate it with extremely volatile asset such as Shiba. Coin that pumped 600x in 2 months and dumped 83% right after. This 3.5% will have negligible impact on final ROI because majority of it will come from price volatility.

I would avoid this shady coin. Even with 100% APY from staking.

I don't think there's a difference by saying that you got an account here and you just forgot, what's the connection to the thread? Anyways, I think Binance is your site here if you want to but remind you it has low APY by now I guess. Staking only favors on the early stakers and that's a fact and for those who got large amount to stake.

I only use Staking as the main platform in Binance and without any risk.  Like everyone else, I think Binance is more secure.  I am staking in stable coin in long term.  I have participated in any other coin staking event at Binance or I have not stacked on any other platform and other coin.

The Shibaswap from the Shiba Inu team has an option to stake Shiba Inu coin for Bone which at the moment provides 111.5% APY on Shiba Inu token. The rate is fine according to a defi standards but the real reward would depend on the long term price of both Shiba Inu coin and Bone token. This was a stupid investment to start with but if you haven't sold still, the team is trying to make it more mainstream at the moment.

I believe if we choose to stake our cryptocurrencies today, Binance is a good site of choice because your funds are safe, I was using Binance since 2017, and I have never encountered any problem so far, I also staked some of my tokens, and it's earning, I have also some Shiba Inu but I think it is not enough to stake maybe I will add some to qualify.

Yes comparing the volatility range the APY seems too negligible and still people are hoping that they are going to rich by holding those shit coins. This Shiba Inu hyped after the Doge which itself a factor to prove that its manipulated recently by a whale so they will surely sump all of them and move to another shitcoin after a while so staking any cryptos is kind of risky and not worth the ROI.

Do you like SHIBA INU ? isn't that a bad coin to have even at any time, but if you really like it it's also okay because it's your right to choose and own coins, but for staking I myself have never done it with SHIBA INU, because I don't like SHIBA INU.

I was reading a book about Jesse Livermore - "Reminiscences of a Stock Operator". He has spent part of his career manipulating the markets to execute client orders (e.g. sell a huge bag of stocks at the best price). Including all trics. Fake volume, fake "increased activity", just to show that dead stock is now alive and will "soon moon", but when I saw how shiba is doing a 1000x on a on hype ... man ... Its not market and dump lambo guys who pomped price there. Its not that its manipulated now. It was manipulated from the very first day by one of the best market operators. Market operator witch such balls. He must have put bilions into this pump. Into binance listing at the top of the bubble. Jesse Livermore of our times.

Now ... after the bubble burst ... people wants to jump in for 3% APY XD.

Also used a lot of influencers even from third world countries to create the hype and sold at the peak, Doge coins was profitable but do they have any real use case no then why do people still trust that Shiba will be the next Doge?

It seems newborn people lost their mind and just become the slave for influencers.

You don't like Shiba that doesn't mean everyone has to be like you. I don't think Shiba isn't that bad, Shiba trading on Binance is so clear and I don't need to say more? Maybe the key is in the ShibaSwap project and it shows great potential. I'm not a Shiba Inu holder at all, but the information about Shiba goes pretty well.

Indeed

My bank deposit interest have around 2-3% ~XD comparing the potential you are losing with the % interest you are getting, is really still high risk. I better doing a trade rather than stake with low interest.

Bank deposit interest/returns are less than the actual inflation rate in all the countries so don't let your money to sit in your bank because the value of the money is actually decreasing while holding it due to inflation.