Is staking the way forward?

[Slimzeee]

Staking can simply be said as a way of delegating your coins to earn reward. Lets just say you lend your coins out to exchanges and earn on them..

Although this works with Coins operating with the proof of stake system.

I’ve seen some coin exchanges that offers more than 100% APY (mostly new coins) although everyone is advised to do their personal research because some T&C are applicable..

But holding a coin that you don’t have plans to sell for a long time and earning percentage on them doesn’t seem like a bad idea to me.

[cafucafucafu]

You lending out a coin to an exchange and them on-lending it is not staking.

That's just lending, and with it comes significant counterparty risks.

When you stake coins, what you are doing is securing the blockchain that you're operating on and this should be able to done on the blockchain itself. There's a difference between staking, yield farming, and lending.

I do think that blockchains are tending towards PoS more and more, but it's not necessarily going to continue this way.

[Sterbens]

Does that mean there is a third party holding your coins? so you should know that it is not so good for our property. For me, it's up to me to decide. Freedom to manage is the main key. Indeed if we do that there will be a conversion, but if you need it all of a sudden and your coins get stuck there. What if something like this could make your coins freely exchangeable?

[vv181]

Literally and technically staking is not the same as lending out a coin. Specifically, about staking, the earned interest is come from producing a block, not from other debtors that pay interest. I'm not sure whether what are you trying to mean. But sacrificing a long term investment for a small gain that the exchange promises isn't really recommended. Why bother letting a third party to fully control all of your money only for a small interest. I believe that the good outweighs the bad, after all, the gains that solely come from the price if you hold it on a non-custodial wallet might be better rather than moving out all of your coins beyond your control.

[flip4flop]

Staking is going to be a huge part of crypto for a long time it helps increase the stability of the network if you are using them to run validators but also helps control volatility in the price if a large portion of the supply is staked. I would not be surprised if we start seeing more tokens go to a staked method but also include some sort of unlocking cooldown before they are all unstaked. That can help slow down an unstake/dump when news comes out.

[Johnyz]

Staking is a good passive income, and its good for a hodlers to stake their holdings, it allows them to earn extra profit though personally I don’t appreciate staking if you’ll do it on a small amount of money, i mean staking is more ideal if you hold big money. I’d rather be an active trader than to stake, also choose a good project to stake with some are not ok for me.

[Stalker22]

But holding a coin that you don’t have plans to sell for a long time and earning percentage on them doesn’t seem like a bad idea to me.

It depends. Are you comfortable keeping coins on third-party sites over which you have almost no control? Some people are not comfortable and prefer keeping coins in non-custodial wallets or cold wallets.

[sovie]

Staking can simply be said as a way of delegating your coins to earn reward. Lets just say you lend your coins out to exchanges and earn on them..

Although this works with Coins operating with the proof of stake system.

I’ve seen some coin exchanges that offers more than 100% APY (mostly new coins) although everyone is advised to do their personal research because some T&C are applicable..

But holding a coin that you don’t have plans to sell for a long time and earning percentage on them doesn’t seem like a bad idea to me.

You described it quite well. As for the first forum post, this is a great start!

From your post it can be concluded that it is much better to have stackable coins. And it's actually true.

However, before someone decides to buy a coin for staking, he should carefully research the project he want to invest in. Unfortunately, but staking is associated with a lot of dangers and we can easily lose our investment.

[AmoreJaz]

But holding a coin that you don’t have plans to sell for a long time and earning percentage on them doesn’t seem like a bad idea to me.

It depends. Are you comfortable keeping coins on third-party sites over which you have almost no control? Some people are not comfortable and prefer keeping coins in non-custodial wallets or cold wallets.

there are cases that some people will let their coins earn interest in reputable platforms like binance. i for one, is using their services not only in staking but earning interest for btc. you can choose the flexible or fixed savings. if for example, you want to get some satoshis (earn interest) from your btc while waiting for it to sell. i believe that's a good option. but only if the platform is trustworthy. im confident with binance because they have insurance in place. so if something goes wrong, your funds are protected. but somehow, it still depends on the person. if he is just happy holding his satoshis on his own wallet without earning interest, then that's his choice.

[tsaroz]

Staking can simply be said as a way of delegating your coins to earn reward. Lets just say you lend your coins out to exchanges and earn on them..

Although this works with Coins operating with the proof of stake system.

I’ve seen some coin exchanges that offers more than 100% APY (mostly new coins) although everyone is advised to do their personal research because some T&C are applicable..

But holding a coin that you don’t have plans to sell for a long time and earning percentage on them doesn’t seem like a bad idea to me.

Staking the coins you aim to hold for long are fruitful. With the emergence of DEFI, we now can stake every popular coins and get a good interest on them. The interest on centralized exchanges are also increasing as they want to maintain their liquidity and another option could be grid trading the coins you are holding for long. Just make sure you selling price are similar to what you aim to sell them later.

[bittick]

I’ve seen some coin exchanges that offers more than 100% APY (mostly new coins) although everyone is advised to do their personal research because some T&C are applicable..

That way of big APY is a strategy to attract the new users to stake new coins to the market and old users at the same time to reduce the circulating supply as the more coins from the circulation gets locked and less will be available in the market.

But holding a coin that you don’t have plans to sell for a long time and earning percentage on them doesn’t seem like a bad idea to me.

It's not bad at all. I have been earning passive income regularly through staking my stable coins to the market and that being said that when you're doing nothing to your funds and your funds are still generating the new money for you. In fact that so many people have been using staking as a new way to earn. It's better rather than only keeping your money on the wallet.
Your money can generate more money. This sounds very good at all.

[jossiel]

Avoid those platforms that are offering a lot of it in APY or avoid the actual coin that's offering that much APY. It's too good to be true and they're the riskiest coins to stake. I'll go confident with those lower APYs as I stake than the highest because those projects are likely to exit eventually if they're not known.

But holding a coin that you don’t have plans to sell for a long time and earning percentage on them doesn’t seem like a bad idea to me.

Yes, it's not a bad idea.

I should have put those altcoins I've got in stake rather than held them for years.

[Yogee]

... also choose a good project to stake with some are not ok for me.

It's not only the project or token but you should also choose which platform to stake. There are already reported cases of devs emptying liquidity pools and running away with users money. Check if they were audited by a third party as a minimum requirement.

[bitgov]

... also choose a good project to stake with some are not ok for me.

It's not only the project or token but you should also choose which platform to stake. There are already reported cases of devs emptying liquidity pools and running away with users money. Check if they were audited by a third party as a minimum requirement.

I also noticed that there are more and more projects that end with such a scam. I am afraid that the whole trend of investing in staking may soon become less and less popular. It was similar with the ICO, which, due to a large number of scams, has almost completely disappeared. Be very careful when choosing a project where you want staking coins.

[Jaered]

Always stake with an eye on the price. Impermanent loss is real and can eat up all your profits and including your capital. I only stake stablecoins and some established coins like BNB, Eth and Trx. Others I take with a pinch of salt

[Woodie]

in some sense, it is the way to go because this process is not only a simple one but also allows us to grow our portfolios in a defined way with little effort going into the process to earn extra coins, the only downside is you have to lock away your coins with these platforms for some time until the maturity period to get your rewards for staking. But either way its less risky than trading afaik!

[dansus021]

Staking can simply be said as a way of delegating your coins to earn reward. Lets just say you lend your coins out to exchanges and earn on them..

Although this works with Coins operating with the proof of stake system.

I’ve seen some coin exchanges that offers more than 100% APY (mostly new coins) although everyone is advised to do their personal research because some T&C are applicable..

But holding a coin that you don’t have plans to sell for a long time and earning percentage on them doesn’t seem like a bad idea to me.

what u said of this "But holding a coin that you don’t have plans to sell for a long time and earning percentage on them doesn’t seem like a bad idea to me." is true some coin like cardano and solana built in staking system so you dont need to worry about

but new coin that offer 100% ApY most pople falling with and u attract to buy to get more money and this you must concern about and do you own research first, big apy usually come with new coin/token so people can buy in fact not all the coin/token have built in staking system so keep #DYOR 

[cryptoaddictchie]

Staking can simply be said as a way of delegating your coins to earn reward. Lets just say you lend your coins out to exchanges and earn on them..

Although this works with Coins operating with the proof of stake system.

I’ve seen some coin exchanges that offers more than 100% APY (mostly new coins) although everyone is advised to do their personal research because some T&C are applicable..

Can you share which exchange or platform does have those 100% APY cause I'm doing some on Binance and I can't see such figure such as that. Maybe on decentralized platform or defi products can seen that but I'm skeptical whether they are trusted or not though decentralized is much more safer than centralized.

[Slimzeee]

Can you share which exchange or platform does have those 100% APY cause I'm doing some on Binance and I can't see such figure such as that. Maybe on decentralized platform or defi products can seen that but I'm skeptical whether they are trusted or not though decentralized is much more safer than centralized.

You can check wonderland. They offer more than 3000%APY..
And of course you know you’ll still have to DYOR.

[HashingTower]

Lending is different from staking OP I suggest you do some research on that first, staking favours the rich more than a struggler in this world, the bigger your staking fund the better your APY returns, make sure the coin you'd choose is something you want to hold for long term