How do people even enjoy staking their coins and tokens? I'm confused, yesterday I tried to stake some amount of stable coin aka USDT on Binance Exchange and it is worth 1000$ but the return on this in a year is 95$ lol, I laughed so hard that I almost flipped my laptop, why the heck people doing this?.
It does make sense. Why? Where can you invest a non-volatile token or coin and make about 10% in a year? You can make more staking volatile entities like bitcoin, ethereum but the profit may be eaten away by impermanent loss and you may actually be in the red at the end of a fiscal year. So yeah, stable staking or liquidity provision is the way the go if you want to profit in this bear market
Show Posts
