Staking platforms - review from experience (ZIL, ADA, TRX, AVA)

[casperBGD]

It is a topic to discuss my experience with staking different coins that are PoS or have incentive to lock your tokens in a network, for the start I will put staking experience for four different coins/tokens:

Contents

      1. Zilliqa - ZIL
      2. Cardano - ADA
      3. Tron - TRX
      4. Travala - AVA

Disclosure: I am actively staking all coins/tokens in the list
Disclaimer: This is not a financial advise, and you have to do your own research before staking any of these coins/tokens, or any coin/token for the matter.

Note: You can increase your coin/token holdings, but they can decrease in value, so you will not earn anything in the process.

Zilliqa - ZIL

Zilliqa is a smart contract platform that is providing fast transactions and staking opportunity. I am using Zilpay wallet, which is a web browser extension wallet and https://stake.zilliqa.com/ website to stake Zilliqa on ViewBlock staked seed node. Picture below provides list of Staked seed nodes that can be used for staking

Note: Warning: Zillion is in beta phase. Use this dApp at your own risk.

Compound - should be done manually, since there is not re-staking of your rewards
estimated APY - cca. 15% at the moment
experience - look at commission rates from different staking seed nodes, and follow their portals, since some offer good promotions for stackers on their nodes

Cardano - ADA

Cardano is also a platform that provides staking opportunity on their network, via Delegators that are nodes in the network. I am using Yoroi wallet, which is a web browser extension wallet and [STR8] Straight Pool delegator. It is important to bear in mind saturation in the pool, especially since this is decreased in December 2020 to 63.6 million ADA per pool.

Compound - automatic, your rewards are automatically staked, without need to withdraw to wallet
estimated APY - cca. 6% at the moment
experience - saturation and commission rates should be looked at, and node history with block rewards, nodes that are most online should be preffered

Tron - TRX

Tron is a smart contract platform, that is mostly copying Ethereum, but has lower fees due to lower security in the network (decentralization is scaled back). I am using TronLink wallet, which is a web browser extension wallet and TronScan website, staking through representatives on a following link https://tronscan.io/#/sr/representatives. List of first representatives in on a picture below, and I am using BitGuild.

Compound - should be done manually, since there is not re-staking of your rewards
estimated APY - cca. 6% at the moment
experience - it is pretty much automatic, and it is good to use known provider, but funds are not leaving your wallet while voted

Travala - AVA

Travala is travel booking project, that is providing crypto payments for Hotel reservations. In august they formed smart incentive to stake your AVA on their website, and get reward for staking. Basically, you are using web wallet provided by travala.com, and staking AVA provides you with yearly benefit of 24% APY, that is formed by 12% APY with AVA tokens, and 12% APY in smart credit that can be used for travelling. I am staking directly on their website and you can get discount on booking as well, as on a picture below

Compound - there is no compound and smart levels are predefined, you cannot stake different amount
estimated APY - cca. 24%, but 12% in AVA and 12% in smart credit
experience - it is good incentive for travelers, and users of travala website

Note: if you have any other staking platform that you are staking, please provide info for discussion below, I will try to update this list with other PoS and incentive tokens that I am using

[disconnectme]

I don't need to stake on my own now, most of these exchanges are offering staking services and even the APR from exchange like Binance is better than staking on your own, it is better to be street wise, apart from Bitcoin that I do not encourage to keep on exchange other coin can be kept on exchanges because there is likelihood the tokens would be returned if there is a hack.

[casperBGD]

I don't need to stake on my own now, most of these exchanges are offering staking services and even the APR from exchange like Binance is better than staking on your own, it is better to be street wise, apart from Bitcoin that I do not encourage to keep on exchange other coin can be kept on exchanges because there is likelihood the tokens would be returned if there is a hack.

interesting point, and what are the actual APR for coins that I have mentioned - ZIL, AVA, ADA, TRX, from my experience it is lot lower on Binance than to stake on your own, is it different for you?
I have staked some coins on Binance, but most rates are below 2% margin, except when there is some initiative, and this is usually not long-term

on the other side, there is a statement - not your keys, not your crypto , Binance included

[examplens]

interesting point, and what are the actual APR for coins that I have mentioned - ZIL, AVA, ADA, TRX, from my experience it is lot lower on Binance than to stake on your own, is it different for you?
I have staked some coins on Binance, but most rates are below 2% margin, except when there is some initiative, and this is usually not long-term

on the other side, there is a statement - not your keys, not your crypto , Binance included

I buy some ZIL on cex.io exchange. They offering some bonus percentage until 31 December. 5% cashback on all ZIL purchases using his Instant Buy service, and 25% reward on staking purchased ZIL until the end of the year. They named is a holiday staking reward, instead of the regular 17-19%.
Here is his official blog about that: https://blog.cex.io/news/ziiliqa-rewards-season-on-cex-io-23200?utm_campaign=zil-promo&utm_medium=email&utm_source=newsletter

yet I did even better there, ZIL price is doubled in relation to what I have invested, so staking rewards is not much attractive to me in this case.

[tabas]

I don't need to stake on my own now, most of these exchanges are offering staking services and even the APR from exchange like Binance is better than staking on your own, it is better to be street wise, apart from Bitcoin that I do not encourage to keep on exchange other coin can be kept on exchanges because there is likelihood the tokens would be returned if there is a hack.

It's better to have your coins staked on your wallet which you know your private keys than to allow Binance and other exchanges to have it. That's how they earn with the deposits, they could use it for something else and let it grow. While holding it on your wallet, you're assured that no one's gonna touch it but only you. If you think it's ok to keep your other coins that don't have much value, that's what you think but if you think that it's a token that's worth keeping, take them off on exchanges.

[casperBGD]

~snip
yet I did even better there, ZIL price is doubled in relation to what I have invested, so staking rewards is not much attractive to me in this case.

yeah, ZIL had a good up run during December, but I am still holding funds in the staking pool, hoping for more gains in ZIL value, as well
since this market could be called a bull run, with BTC putting ATH each day, coin gains are obviously more attractive at the moment, but staking gains that do not require any work, just passive tracking are also good

glad that you had combination of gains in coin value and staking rewards, could not be better