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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: shanhaigamefi on April 01, 2024, 03:08:13 AM



Title: Have you considered staking?
Post by: shanhaigamefi on April 01, 2024, 03:08:13 AM
Just out of curiosity,I went to the official website of Ethereum and found that the annual interest rate is only 3.3%.


Title: Re: Have you considered staking?
Post by: FinneysTrueVision on April 01, 2024, 04:12:58 AM
You might want to move this thread to the Altcoin Discussion section.

I do not own any Ethereum at the moment. The expected APR from staking is not attractive enough in and of itself but I believe there are other ways to earn yield by staking with certain pools like Lido or centralized custodians such as those part of the Liquid Collective. Anything custodial and requiring KYC is out of the question and not worth considering for me.

Liquid staked ethereum is kind of an oxymoron, those tokens are not real ethereum, but only an IOU representing your stake. There are of course some risks with using your staked ETH tokens in DeFi, but it’s an enticing approach that can yield significant rewards.


Title: Re: Have you considered staking?
Post by: tabas on April 01, 2024, 06:44:04 PM
Just out of curiosity,I went to the official website of Ethereum and found that the annual interest rate is only 3.3%.
I have considered staking but typically only for the POS coins like Ethereum. But if it's being offered by the exchange, I don't get to hold the private keys and that's one risk and the twist is that they're going to have more APY. The APY of it changes and that 3.3% could be lesser soon because the more stakers are there, the lesser APY that they're going to provide to everybody. While for the higher APYs and the others are too exaggerated, they're more risk compared to these low APYs.


Title: Re: Have you considered staking?
Post by: oktana on April 02, 2024, 09:34:50 PM
Just out of curiosity,I went to the official website of Ethereum and found that the annual interest rate is only 3.3%.

I’d rather just hold than stake it. I wouldn’t want to wake and hear that some platform got hacked and my money is gone. There’s no APY that’s more than the APY that volatility gives you. And if you’re not the one who has control of your Ethereum, you may not get to enjoy the price increase not to mention the 3.3%!


Title: Re: Have you considered staking?
Post by: Text on April 02, 2024, 11:58:19 PM
Just out of curiosity,I went to the official website of Ethereum and found that the annual interest rate is only 3.3%.
https://ethereum.org

Is that the official website you're referring to where you saw information about staking with a 3.3% APY?

The interest rate you can earn will vary depending on the platform you use.

Remember the security risks, staking involves locking up your cryptocurrency for some time. This means that you will not be able to access it during that time. There is also the risk of hacking or other security breaches.


Title: Re: Have you considered staking?
Post by: X-ray on April 03, 2024, 01:35:10 PM
Just out of curiosity,I went to the official website of Ethereum and found that the annual interest rate is only 3.3%.
True and it was coming from ethereum POS, you can deposite any amounts of eth and your eth will be staked with ethereum from others to reach 32 eth and it will be used to run the validator in ethereum POS. That interest totally make sense and if you are willing to get greater interest and you shall go to the another token.

There have been many tokens were offering greater interest rate rather than ethereum but think about the price's sutainability. FYI, stable tokens offered more than it, i have staked my stable token on the blast network and got 15% APY for my holding.



Title: Re: Have you considered staking?
Post by: Churchillvv on April 03, 2024, 01:54:24 PM
Just out of curiosity,I went to the official website of Ethereum and found that the annual interest rate is only 3.3%.
I have been hearing of staking in Ethereum and some other top altcoins, but I haven't considered it for some reasons. The ROI is quite understandable, but it's still low for me, and that's also a good reason I can't stake in Ethereum. Instead, I would rather wager with the said funds than risk the funds on a centralised platform and/or exchange that might crash one day. Although life is all about risk, not all risk is worth taking. 
 
I saw this decentralised platform called LIDO, and I would have loved to give it a shot because it has a solution of 3.8% APY on staking ETH, but I still don't find it interesting enough to pyt some of it, and perhaps I'm so tight on my schedule. So there are absolutely no funds for wagering on such a thing for now. 


Title: Re: Have you considered staking?
Post by: deathcode on April 03, 2024, 02:17:51 PM
Just out of curiosity,I went to the official website of Ethereum and found that the annual interest rate is only 3.3%.

staking will only be interesting for those who have long-term holding plans. even though the interest is small they can profit from the increase in prices that occur in assets. Therefore, it is important when staking to pay attention to the assets chosen and the platform where you are staking.
some who are impatient will definitely prefer to trade their assets rather than staking with small profits and a very long time.


Title: Re: Have you considered staking?
Post by: Dailyscript on April 03, 2024, 03:26:21 PM
Currently i do not own any ethereum and i cant because the fees in the network are high compared to that of Bitcoin and other network. Even If i consider to stake my ethereum for a year the interest is low. If the interest is up to 7% per annum then i think i can be willing to stake.

Just out of curiosity,I went to the official website of Ethereum and found that the annual interest rate is only 3.3%.

staking will only be interesting for those who have long-term holding plans. even though the interest is small they can profit from the increase in prices that occur in assets. Therefore, it is important when staking to pay attention to the assets chosen and the platform where you are staking.
some who are impatient will definitely prefer to trade their assets rather than staking with small profits and a very long time.

It depend on the coin your are holding. If is Ethereum then yeah you have to stake it for long term. Giving it another thought, staking is for those who have diversified portfolio. If i have $1000 i cant put all my money in Ethereum. It is good for investors who have so many coins that have been accumulated in their portfolio so they choose to stake some for a long time. While they keep some which they will be trading or using for other things.


Title: Re: Have you considered staking?
Post by: electronicash on April 03, 2024, 03:28:38 PM
Just out of curiosity,I went to the official website of Ethereum and found that the annual interest rate is only 3.3%.

staking will only be interesting for those who have long-term holding plans. even though the interest is small they can profit from the increase in prices that occur in assets. Therefore, it is important when staking to pay attention to the assets chosen and the platform where you are staking.
some who are impatient will definitely prefer to trade their assets rather than staking with small profits and a very long time.

that's what a long-term holder i guess should do. however, it's important to know that if staking means you are going to send your ETH to a platform, then it's just one way of saying goodbye to your ETH.

its important to know how trustworthy the platform. and this is why most investors will probably trade or hold the tokens inside their wallets.
as for me, because i have much trust in Binance, i wll pick them if i ever want to stake.


Title: Re: Have you considered staking?
Post by: Belarge on April 03, 2024, 04:00:39 PM
that's what a long-term holder i guess should do. however, it's important to know that if staking means you are going to send your ETH to a platform, then it's just one way of saying goodbye to your ETH.

its important to know how trustworthy the platform. and this is why most investors will probably trade or hold the tokens inside their wallets.
as for me, because i have much trust in Binance, i wll pick them if i ever want to stake.
Binance doesn't longer work in most of these African countries and we will be looking at Nigeria to start with, the government issued a ban on this particular exchange for relevant reasons known to them. Investors are not willing to take their chances other for most of them to follow procedure, they become desperate to make profit and leading them to take risks. We have crypto projects that makes the most significant results for us, just abide by the rules and one will easily spot out the easy path to generating profits.


Title: Re: Have you considered staking?
Post by: bettercrypto on April 03, 2024, 04:11:44 PM
Just out of curiosity,I went to the official website of Ethereum and found that the annual interest rate is only 3.3%.

I used to do that because the APY percentage was high; I didn't mention the Dex platform I was talking about. That's why I got stuck because its APY has gone down.

That's why it happened that I've already filled out, but if what you're going to do is long-term holdings, I think it's a good thing to do, because that's what I do so that at least while I'm waiting, I still have passive coins in the holdings.


Title: Re: Have you considered staking?
Post by: Reatim on April 03, 2024, 04:20:05 PM
Of course I have since staking crypto will be a good source of passive income however I still have a few things I need to have that I currently do not. One would be a hardcore computer. We need a computer to carry out the tasks of course. Another thing to consider is that you need to stake a lot in order to be chosen to validate one transaction.


Title: Re: Have you considered staking?
Post by: electronicash on April 03, 2024, 04:36:44 PM
that's what a long-term holder i guess should do. however, it's important to know that if staking means you are going to send your ETH to a platform, then it's just one way of saying goodbye to your ETH.

its important to know how trustworthy the platform. and this is why most investors will probably trade or hold the tokens inside their wallets.
as for me, because i have much trust in Binance, i wll pick them if i ever want to stake.
Binance doesn't longer work in most of these African countries and we will be looking at Nigeria to start with, the government issued a ban on this particular exchange for relevant reasons known to them. Investors are not willing to take their chances other for most of them to follow procedure, they become desperate to make profit and leading them to take risks. We have crypto projects that makes the most significant results for us, just abide by the rules and one will easily spot out the easy path to generating profits.

i guess no staking for you unless you wanna gamble your ETH to those staking pools and send your ETH to them. if you are not into staking then there are lots of options still. either you just hold your ETH or keep training after all finance is not just the only exchange there is. 

i think i saw a thread about users who stake their ETH through the Trust wallet. you know TRust Wallet is still owned by Binance right? but i couldn't be sure.

or you can find other altcoins that you can also stake to make a profit by holding for a long time.


Title: Re: Have you considered staking?
Post by: pawanjain on April 03, 2024, 05:06:12 PM
Just out of curiosity,I went to the official website of Ethereum and found that the annual interest rate is only 3.3%.

I wanted to stake ETH but the requirement is so huge that I dropped out of the plan.
3.3% is definitely very low but if you consider the annual growth of ETH then the cumulative growth including staking profits would be great.
But anyway, we cannot stake it if we have less than 32 ETH. I know there are other options like staking on binance, lending etc...
But all those options are not worth the risk for long term.


Title: Re: Have you considered staking?
Post by: kentrolla on April 03, 2024, 05:28:00 PM
I have tried staking but it didn't work and the APY is too less and the worst part is you never know when the price of the coins will fall leaving you with more loss than expected profits. I have tried it multiple times and my experience was terrible except one time when I staked BNB and there were lot of projects launched in Binance which gave good returns as it pumped value of BNB.

Staking is a big no for me.


Title: Re: Have you considered staking?
Post by: Sophokles on April 03, 2024, 07:26:18 PM
Just out of curiosity,I went to the official website of Ethereum and found that the annual interest rate is only 3.3%.

Its still better than what the bank can offer because of the upside potential of ETH price growth. Staker will not only get 3.3% of APR but the price of ETH will also grow exponentially in the bull run. So overall profit from investing in ETH will be 100 times better than what the bank will offer. Your stable money will be sitting in the bank when inflation eats up your profit. Another points to think about is the possible ecosystem airdrop for staking. Its free money so more opportunity for passive income.


Title: Re: Have you considered staking?
Post by: Ojima-ojo on April 03, 2024, 07:36:04 PM
I personally have not started staking for whatever reasons and but I have read a lot about staking and how it can offers some passive income and also guaranteed percentage payment that give you an intrinsic interest at the end of the staking era.


Also a friend of mine also talked to me about it and I may consider giving it a try in the coming days after the bull season, because right now, the volatility in the market could affect you Ethereum staked, I choose Ethereum due to it popularity and availability of staking feature on the electron wallet.


Title: Re: Have you considered staking?
Post by: LogitechMouse on April 03, 2024, 08:01:00 PM
Just out of curiosity,I went to the official website of Ethereum and found that the annual interest rate is only 3.3%.
If you investing into Ethereum just because of staking, it isn't a good option because there are many altcoins that gives more APR.
Solana gives 7%, same with Aptos. Celestia gives 14%, Polkadot and Dymension gives 11%. The list goes on, and on, and on.

Now if you want to buy Ethereum for the long term, it's one of the best altcoins to hold that's for sure. I don't need to explain it furthermore, but the fact that it's the top altcoin in terms of market cap makes it one of the best coins to hold for long run.
Quote
Re: Have you considered staking?
I've been doing it for a long time, and I've got some profits just by holding some staking coins already. I mean it's another way of earning passive income, and who doesn't want to earn just by basically holding the coin?  ;D It's free money. Of course, there are some risks into it such as impermanent loss but as long as you believe in the project then it doesn't matter.


Title: Re: Have you considered staking?
Post by: Yaunfitda on April 03, 2024, 08:39:21 PM
Just out of curiosity,I went to the official website of Ethereum and found that the annual interest rate is only 3.3%.

I’d rather just hold than stake it. I wouldn’t want to wake and hear that some platform got hacked and my money is gone. There’s no APY that’s more than the APY that volatility gives you. And if you’re not the one who has control of your Ethereum, you may not get to enjoy the price increase not to mention the 3.3%!
There are advantage of being a staker, but it will entails you to invest huge amount of ETH (32 ETH) in which ordinary crypto enthusiast can't and so we just buy with all amounts and be a holder. But there could be whale that is willing to stakes it and have the 3.3% returns as a passive income. Of course, there is always that risk involved not just the hack itself, but if you unfortunately lost your private keys, then your stake funds are gone. And there is one issue open up by one,

https://www.talkimg.com/images/2024/04/03/VViDW.png
https://twitter.com/iamDCinvestor/status/1749410364666606075

And there could others too having issues with staking.


Title: Re: Have you considered staking?
Post by: dunfida on April 03, 2024, 08:59:15 PM
Just out of curiosity,I went to the official website of Ethereum and found that the annual interest rate is only 3.3%.

I’d rather just hold than stake it. I wouldn’t want to wake and hear that some platform got hacked and my money is gone. There’s no APY that’s more than the APY that volatility gives you. And if you’re not the one who has control of your Ethereum, you may not get to enjoy the price increase not to mention the 3.3%!
Yeah, even just trying out to make those simple comparison and making up use of your own common sense then you could really be easily to point out on which thing is really that more sensible on doing so, profit wise.  ;)

Actually it would really be just that depending into your own preference but 3.3% APY? Who the hell would really be able to consider it out? Even just simply holding those ETH's into your own wallet
could yield much more when the prices do climb up but of course same goes with dropping price but i would say that it is more worth on risking it out on holding and not staking it
if the possible gains or profits you could get is way too far off with that 3.3. It isnt really just that hard to understand and point out their main differences.

Making out decisions in speaking in profit wise then it wont really be needing up to be complicated.


Title: Re: Have you considered staking?
Post by: Natalim on April 03, 2024, 09:46:19 PM
Just out of curiosity,I went to the official website of Ethereum and found that the annual interest rate is only 3.3%.
For some holders, that seems okay, it was just like we were saving our money in the bank with that interest.
But for me, I just keep my ETH in my personal wallet rather than taking a risk in staking it in an exchange wallet. Besides, the interest rate is not convincing and worth enough for a person could decide. But I see some reason why they are afraid to stake their coins even if the rates are high and that is because of the security assurance of our funds. In fact, it is a big concern for everyone, not your keys, not your coins as well. If you stake your ETH in an exchange, you are also losing control of your fund as well and whatever happens (like hacking), you can't assure refunds.


Title: Re: Have you considered staking?
Post by: goaldigger on April 03, 2024, 09:54:37 PM
Just out of curiosity,I went to the official website of Ethereum and found that the annual interest rate is only 3.3%.
Staking is ok as long as you understand how it works and for me with a limited budget and capital, staking might not be the option for me because the reward might not that high compare if I do trading on my own. I think staking is the best option if you have big capital and don’t have time to trade, this can be your big source of profit without doing anything just make sure you are on a legit site so you will not risk your money that much.


Title: Re: Have you considered staking?
Post by: oktana on April 03, 2024, 11:15:12 PM
Just out of curiosity,I went to the official website of Ethereum and found that the annual interest rate is only 3.3%.

I’d rather just hold than stake it. I wouldn’t want to wake and hear that some platform got hacked and my money is gone. There’s no APY that’s more than the APY that volatility gives you. And if you’re not the one who has control of your Ethereum, you may not get to enjoy the price increase not to mention the 3.3%!
There are advantage of being a staker, but it will entails you to invest huge amount of ETH (32 ETH) in which ordinary crypto enthusiast can't and so we just buy with all amounts and be a holder. But there could be whale that is willing to stakes it and have the 3.3% returns as a passive income. Of course, there is always that risk involved not just the hack itself, but if you unfortunately lost your private keys, then your stake funds are gone. And there is one issue open up by one,

~~~

And there could others too having issues with staking.
Enough reason to not want to stake. If I have as much as 32 Ethereum, the interest rate doesn’t concern me because all I need is for Ethereum to be on the rise and that will be so worth it. In a day you can make what you could have needed to stake and earn in a year. Many people claim that it isn’t risky, I hope they can see how this dude is expressing what is actually happening.


Title: Re: Have you considered staking?
Post by: bluebit25 on April 03, 2024, 11:34:10 PM
With the current ETH staking interest rate of about 3.3% as you said, it does not seem attractive to many people, especially those looking for quick profits. Compared to trading, staking requires a longer asset lock period.

But in my opinion, staking is still a reasonable choice for investors who hold ETH long term. In addition to enjoying staking interest, they can also benefit from the upside potential of ETH. It is important to choose reputable staking platforms with competitive yields. Compared to other safe forms of investment, the ETH staking interest rate is still significantly higher.


Title: Re: Have you considered staking?
Post by: GreatArkansas on April 04, 2024, 12:20:52 AM
Just out of curiosity,I went to the official website of Ethereum and found that the annual interest rate is only 3.3%.
For some who are curious, OP saw it here: https://ethereum.org/en/staking/
It is now 3.5% and I believe this is dynamically changing, but not that really high volatility changing.

It just nice because while you are earning you are helping the network itself to be secure and decentralized, this is power of proof-of-state.

https://i.imgflip.com/8lh526.jpg


Title: Re: Have you considered staking?
Post by: Ben Barubal on April 04, 2024, 02:42:17 AM
Just out of curiosity,I went to the official website of Ethereum and found that the annual interest rate is only 3.3%.

     If you get 3.3% annual interest, that's okay if the total Ethereum you put in staking is 5–10 ETH, but if the amount of Ethereum you want to stake is low, that's low for me. Then, as far as I know, he is 3.5% now.

     But even so, you should be prepared for what can happen because you know that with investments like this in the field of cryptocurrency business, everything you do here cannot be without risk, especially when money is involved.


Title: Re: Have you considered staking?
Post by: Bureau on April 04, 2024, 03:03:32 AM
I am staking some coins but I am doing it through a CEX as the returns are higher than using a noncustodial wallet. I am not interested in staking ETH as the returns are not that good whereas there are other coins with high returns. I know that I do not hold any keys to my exchange wallet and that is the risk I am okay to take. The only reason for anyone to stake cryptocurrencies is to end up earning rewards a regular intervals if that is the motive behind considering staking then exchange wallets are the best option available. That is my argument if anyone thinks that it is just not right to keep funds on a CEX.


Title: Re: Have you considered staking?
Post by: peter0425 on April 04, 2024, 07:37:18 AM
Just out of curiosity,I went to the official website of Ethereum and found that the annual interest rate is only 3.3%.

So what is the question here?

3.3% annual interest  is like a BS bank offering us when we invested our money inside their banks , and even higher because mine offers 6-10% annual profit .

maybe instead of staking why not just  buy other coins that has potential like Solana partly from your Ethereum on hold.


Title: Re: Have you considered staking?
Post by: irhact on April 04, 2024, 10:25:36 AM
Just out of curiosity,I went to the official website of Ethereum and found that the annual interest rate is only 3.3%.

I have considering staking and I have done it before in the last bull market and I plan on doing it again in this bull market. Staking takes away the feeling of me wanting to sell my altcoins when the market is getting very unstable but since the coins are staked and giving me profits I won't consider selling the altcoins. Some exchanges offer very good staking rewards and while it's not good to keep our investment on exchange, staking can be considered for a short term period.

Don't stake for every long so you don't use a long period locking time. If there are news of something happening to the exchange, you can unstake and sell your altcoin to a stablecoin and withdraw them out of the exchange, you can also withdraw the altcoin directly without selling them to stablecoin. Staking can also be done through the website of the project and this is a more recommended way of staking.


Title: Re: Have you considered staking?
Post by: devil-soul on April 04, 2024, 10:50:18 AM
On ethereum the average for staking is 3.3% per year and should only be taken into consideration if you want to make a long term hold strategy, if you want to change altcoins for staking with new releases or stablecoins you can easily get to 10/15%


Title: Re: Have you considered staking?
Post by: batang_bitcoin on April 04, 2024, 11:09:49 AM
Just out of curiosity,I went to the official website of Ethereum and found that the annual interest rate is only 3.3%.
3.3% is a genuine percentage for an APY. It is not that high right because many are staking their Ethereum on their pools. Going on with exchanges, they've got more percentages offered than them but not with ETH but with the other cryptos that they're supporting.
Some exchanges could also offer the same percentage up to 6% but they vary because of how many are staking onto their platforms, the more stakers, the lesser percentage overtime.


Title: Re: Have you considered staking?
Post by: Makus on April 04, 2024, 01:30:33 PM
I wouldn't advise anyone to stake any coin at all. One of the main essence and function of cryptocurrency to for you to have total control over your assets, so why stake then? When you stake you are keeping your asset in the hands of a third party which is also not advisable. It's just like holding your assets in an exchange the only difference is that, you get an added percentage of profit to your coin in which you have staked fro a while. I can't recommend staking to anyone but rather urge them to hold their coins to and be satisfied with the volatility they get from the coin.


Title: Re: Have you considered staking?
Post by: Hypnosis00 on April 04, 2024, 03:13:40 PM
I wouldn't advise anyone to stake any coin at all. One of the main essence and function of cryptocurrency to for you to have total control over your assets, so why stake then? When you stake you are keeping your asset in the hands of a third party which is also not advisable. It's just like holding your assets in an exchange the only difference is that, you get an added percentage of profit to your coin in which you have staked fro a while. I can't recommend staking to anyone but rather urge them to hold their coins to and be satisfied with the volatility they get from the coin.
Well, 3.3% is a little thing for rich people but for common people, it was big enough. You had earned some while holding, it is a good thing indeed. But it was not the APY that discouraged people from staking, it is due to the underlying risk factor when you deposited your money into an exchange and when you let the exchanges manage your fund and even make more money from it than us (owner). Even if it was 5%, that still wouldn't attract investors and holders because what matters the most now is not the staking rewards we looked for but the safety of our funds.

I would say, staking is not in my mind, not in any case. I could make more money in trading than staking or even just holding alone.


Title: Re: Have you considered staking?
Post by: babygun on April 04, 2024, 07:00:49 PM
I wouldn't advise anyone to stake any coin at all. One of the main essence and function of cryptocurrency to for you to have total control over your assets, so why stake then? When you stake you are keeping your asset in the hands of a third party which is also not advisable. It's just like holding your assets in an exchange the only difference is that, you get an added percentage of profit to your coin in which you have staked fro a while. I can't recommend staking to anyone but rather urge them to hold their coins to and be satisfied with the volatility they get from the coin.

I don’t really agree. If you are holding your coins on a place that offers flexible staking; meaning you can withdraw them on any moment, without any fee than why not stake them? It can give you some passive income for doing nothing. Whenever I have this option, I always stake my crypto.


Title: Re: Have you considered staking?
Post by: Bushdark on April 04, 2024, 08:03:06 PM
Just out of curiosity,I went to the official website of Ethereum and found that the annual interest rate is only 3.3%.
This is less compared to other project in the market. You can check other crypto tokens to see their annual interest rate for yourself.
Staking is one of the good ways we can buy and hold the token if we don't have anything to do with it. it is more better to stake our coins in a good platform so that we can be getting continual rewards as a crypto investor. There some tokens that have APY of 5% to 15% depending on their liquidity and supply. There are some that could have high APR but the liquidity might be lower.


Title: Re: Have you considered staking?
Post by: Text on April 04, 2024, 09:36:26 PM
It depends on the platform how much APR you'll get from staking ETH, on Binance, as per checking and writing now it's 3.82%; on Trust Wallet, it's 3.52%; and on Kucoin, it's 3.7%. As mentioned by another user, this probably changes depending on the volume of the total stake. I've been hearing about staking for a while now, but I don't know how it helps with the security and decentralization of the network.


Title: Re: Have you considered staking?
Post by: Makus on April 04, 2024, 10:25:32 PM
Well, 3.3% is a little thing for rich people but for common people, it was big enough. You had earned some while holding, it is a good thing indeed.

I don't think, 3.3% is a big profit for even the common persons because if they put in small money into such investment the profit rate is still constant 3.3% hence you'll get just the same small percentage. Be it rich or poor, that percentage is too small.

I don’t really agree. If you are holding your coins on a place that offers flexible staking; meaning you can withdraw them on any moment, without any fee than why not stake them? It can give you some passive income for doing nothing. Whenever I have this option, I always stake my crypto.

It's always advise not to store your coins in an exchange not even when the exchange offer the ability to stake your assets with them. So if you like staking your coin in an exchange it's just because you've not had any experience with third parties or should I say, you are not completely knowledgeable of the risk associated in staking.


Title: Re: Have you considered staking?
Post by: Best-mary on April 04, 2024, 11:39:12 PM
Just out of curiosity, I went to the official website of Ethereum and found that the annual interest rate is only 3.3%.

I usually stake. You can find it here where posted about Flexing staking on the cex I use https://bitcointalk.org/index.php?topic=5491604.msg63900408#msg63900408

By the way, I don't stake ETH cos is kinda low, I rather go for other coins that they're return is higher and if you're looking for where to stake, you can use the exchange. They're safe and stress-free


Title: Re: Have you considered staking?
Post by: Claymore2 on April 05, 2024, 03:12:16 AM
I think it's better to hang onto my money instead of staking it, especially with Ethereum and other popular altcoins. Staking can yield profits, but given the relatively low ROI and the risks connected to centralized platforms and exchanges, I am cautious. Due to time constraints and enterprise worries around security vulnerabilities, I have decided not to invest, even though I have come across choices such as LIDO with alluring annual percentage yields. For the time being, I think holding allows me more flexibility in navigating request volatility and guarantees that I have complete control over my resources without relying on outside platforms.


Title: Re: Have you considered staking?
Post by: el kaka22 on April 05, 2024, 05:36:52 AM
I have not, never seen that as something that could make me a lot of money, haven't seen any kind of staking that makes a lot of money. I mean if we are talking about just "considering" of course I did, and I checked them all, even nodes and masternodes and everything else, I have considered even NFT's for a moment, didn't do it of course, I considered even memecoins, of course I didn't invest, none of those makes sense to me, but if we are just talking about "thinking about it and checking it out" then yeah I did.

But, if we are talking about if I ever staked, then no I did not, I do not like it and I believing that I am not going to do that until I see one that is actually profitable enough for me to start considering it.