Indefinitely? Or will they eventually end it?
I've been thinking. I really love the idea of getting passive income from staking ADA, ATOM, and VET. If I put a bunch of money into that. I could one day just live off of the passive income. Or it be at least enough to pay some bills. So is this something they plan to do indefinitely or is it only temporary, basically something to get people investing in?
These coins will continue with the proof of staking system until they are over, and I do not know when they will end so we can say that they will continue to give staking rewards forever for now. However it is not that profitable at all, when you consider all the staking and LP profits from erc20 tokens and BSC tokens, you will realize that these are nothing.
I have been making profit from a 13k% thing right now, obviously the price drops a lot because of that but that doesn't change the fact that it gives that much reward and you end up with a bit of profit in the long run no matter how much it drops, not like it will drop 99% so even if it drops 90% that means you profit in the long run. That is why I think it is easier for me to invest into other defi tokens and make profit from that instead of having a proof of stake coin and profit from that.