Some questions about the Staking.

[hack3rcon]

Hello,
I have some questions about the staking and I'm thankful if anyone answer to them by their numbers:

1- Why the price of the staking is variable and not constant?
2- Which coin is good for the staking?
3- Is https://www.stakingrewards.com/calculator/smartcash/ logical? You bought $214.16 of this coin and earn $3,028 per month!!!


Thank you.

[Findingnemo]

1. It depends on the coin and platform choosen for staking, when its stable coin the APY is fixed and fir some reputed coins as well.

2. Staking isn't giving huge returns but staking bitcoin or Tether with APY over 8% is somewhat profitable.

3. My ad blocker is blocking the link so I don't try to visit the link but logically investing 200 and return oer month is 3000 doesn't look real, so probably its a scam.

[Cookdata]

Hello,
I have some questions about the staking and I'm thankful if anyone answer to them by their numbers:

1- Why the price of the staking is variable and not constant?
2- Which coin is good for the staking?
3- Is https://www.stakingrewards.com/calculator/smartcash/ logical? You bought $214.16 of this coin and earn $3,028 per month!!!


Thank you.

Staking is basically delegating your coins/tokens to support the chain in performing POF (Proof of stake), that way you are supporting transaction validation and this improve the security of that chain.

I will answer your questions
1. To reduce inflation and spamming of the network, some measures are always apply when it come to staking.
For example if there is an annual inflation of 3% of total supply been dedicated to staking, that will increase the supply in time, they have to make sure it doesn't affect the price so, when you see 10% for staking, it will vary as more and more people stake or unstake.
Let's say token A has 20 million for stakers at 10%, the percentage will decrease as more and more people stake and vice versa.

2. All tokens or coins are good for staking, depends on your choice of projects. Low Cap project will promise you heaven and see hell at the end, choose wisely.

3. I'm not sure about that your value but at that value ($214) and the current price, this is the amount you will get in total.



This is the yield you will have after a year provided that it's stable at this rate, if it varies, yiur yield might increase or decrease

[hosseinimr93]

2. Staking isn't giving huge returns but staking bitcoin or Tether with APY over 8% is somewhat profitable.

There is no such thing as staking bitcoin.
Bitcoin is a proof of work cryptocurrency, not proof of stake.

In proof of stake cryptocurrencies, you can stake your coins and validate transactions. Bitcoin is a proof of work cryptocurrency and works in a different way.
If there's a website in which you deposit bitcoin and get interest, that's not staking. That's lending.

[makishart]

1- Why the price of the staking is variable and not constant?

that depends on the project and various factors. The price of token will be also making staking become variable.

2- Which coin is good for the staking?

I personally prefer to do farming rather than staking. This give you option to farm the token with good APY with your stable coin although that you can stake your stable coin as well but the APY was so small compared when you're farming the tokens use your coins.

3- Is https://www.stakingrewards.com/calculator/smartcash/ logical? You bought $214.16 of this coin and earn $3,028 per month!!

Staking reward doesn't seem to be accurate and you can check the latest APY that being offered through this link https://explorer.smartcash.org/home

[Slow death]

definitely don't waste your time on this, buy and make hodl at least your coins will be safe with you in your wallet and within 1 year you will probably get a higher profit than having done this estaking and after 1 year you will receive the same thing you would receive doing hold in your wallet, with the downside of the scam site it might not give you any profit since they already say the profit is not guaranteed

[Bttzed03]

2- Which coin is good for the staking?

Staking stable coins is the way to go if you want less exposure to risk but just make sure you choose a reputable AMM/Yield farming platforms.

2. Staking isn't giving huge returns but staking bitcoin

Use wrapped BTC next time to avoid confusion. I'm pretty sure that's what you meant but other readers might think you're referring to the Bitcoin network.

[cryptobaba101]

Hello,
I have some questions about the staking and I'm thankful if anyone answer to them by their numbers:

1- Why the price of the staking is variable and not constant?
2- Which coin is good for the staking?
3- Is https://www.stakingrewards.com/calculator/smartcash/ logical? You bought $214.16 of this coin and earn $3,028 per month!!!


Thank you.

1. It's the price of the coin that's volatile and there's no difference in its price as your stake. Don't get it wrong, the price of the coin is the same as you stake it. It is the APY that changes based on the platform where you're staking it.
2. Staking with stable coins can get you a maximum of 14% per year and I think that's the best if you're like to have a passive income.
3. That's not possible. Too good to be true.

Afaik, vauld is the one of the trusted provider to give 12% interest rate

[cryptoaddictchie]

Hello,
I have some questions about the staking and I'm thankful if anyone answer to them by their numbers:

1- Why the price of the staking is variable and not constant?
2- Which coin is good for the staking?

Hello there because the price of the one you staked must probably volatile unless you are staking a stablecoin. That's pretty normal not to be consistent since the market price is moving. Regarding which coin is good to stake of course you look into APR which one gives a good percentage in return. Check also its volatility maybe its so volatile and you only ended up losing instead of gaining.

[XUR_TIP]

Staking stable coins will erase your worries on value loss over time, no need to worry about anything your staked 1000$ will remain 1000$ and after staking period is over your reward will be unlocked or available for unlocking, I use binance exchange for usdt staking

[sweet bb]

The mining APY of DFBTC is now up to 300%

[hack3rcon]

Hello,
I have some questions about the staking and I'm thankful if anyone answer to them by their numbers:

1- Why the price of the staking is variable and not constant?
2- Which coin is good for the staking?
3- Is https://www.stakingrewards.com/calculator/smartcash/ logical? You bought $214.16 of this coin and earn $3,028 per month!!!


Thank you.

Staking is basically delegating your coins/tokens to support the chain in performing POF (Proof of stake), that way you are supporting transaction validation and this improve the security of that chain.

I will answer your questions
1. To reduce inflation and spamming of the network, some measures are always apply when it come to staking.
For example if there is an annual inflation of 3% of total supply been dedicated to staking, that will increase the supply in time, they have to make sure it doesn't affect the price so, when you see 10% for staking, it will vary as more and more people stake or unstake.
Let's say token A has 20 million for stakers at 10%, the percentage will decrease as more and more people stake and vice versa.

2. All tokens or coins are good for staking, depends on your choice of projects. Low Cap project will promise you heaven and see hell at the end, choose wisely.

3. I'm not sure about that your value but at that value ($214) and the current price, this is the amount you will get in total.



This is the yield you will have after a year provided that it's stable at this rate, if it varies, yiur yield might increase or decrease

Hello,
Thank you so much for your reply.
Mine is different from yours:
https://pasteboard.co/4mOH6IeOA0VS.png

[hack3rcon]

Hello,
Thank you so much for all replies.
To do Yield farming, need I any special application? Can I use the Trust Wallet for Yield farming?

[vv181]

2. Staking isn't giving huge returns but staking bitcoin or Tether with APY over 8% is somewhat profitable.

If you mean wBTC, I don't think the risk that defi possess is worth the amount of 8% APY, not to mention that it is also far from the true Bitcoin, holding bitcoin on its own network would give a better and safer return.

To do Yield farming, need I any special application? Can I use the Trust Wallet for Yield farming?

It depends on which platforms you would do the farms. Trust Wallet has DApps browser that shows on which platform they are able to connect, so if your choice of the platform listed there, I believe you can practically use Trust Wallet to do the job. But if not listed there, I would try to directly open the site and see if there is an option to connect using the wallet.

[Findingnemo]

2. Staking isn't giving huge returns but staking bitcoin or Tether with APY over 8% is somewhat profitable.

If you mean wBTC, I don't think the risk that defi possess is worth the amount of 8% APY, not to mention that it is also far from the true Bitcoin, holding bitcoin on its own network would give a better and safer return.

I mean still its bitcoin which posses less risk than staking a shit coin with APY of 10% but the value of that shitcoin can fall 50% overnight but I never recommended staking for anyone even with stable coins because 10.5% isn't really worth the risk, its better to day trade the stablecoin against BTC and make the same amount of returns in a month or two then just be calm for the rest of the months.

[michellee]

2. Staking isn't giving huge returns but staking bitcoin or Tether with APY over 8% is somewhat profitable.

If you mean wBTC, I don't think the risk that defi possess is worth the amount of 8% APY, not to mention that it is also far from the true Bitcoin, holding bitcoin on its own network would give a better and safer return.

I mean still its bitcoin which posses less risk than staking a shit coin with APY of 10% but the value of that shitcoin can fall 50% overnight but I never recommended staking for anyone even with stable coins because 10.5% isn't really worth the risk, its better to day trade the stablecoin against BTC and make the same amount of returns in a month or two then just be calm for the rest of the months.

Even if both ways have the same risk, at least we can try our skills to analyze the market and buy any potential coins at the right time. While we are staking the other coins, we will face a downtrend of the coins and we can not do anything except just see the price is up and down while the staking coins will be there.

But we should let them decide as we will have different reasons for choosing staking or trading. Besides that, we also have different experiences and profit in different ways.

[doomloop]

The mining APY of DFBTC is now up to 300%

Too risky upon looking at that APY. And way became riskier when I've looked for that project, is it this? (https://coinmarketcap.com/currencies/dfbtc/)
A dead volume and it's not going to be good if you're going to invest in this coin. Whether it'll give you 300% APY, there's not that much of its volume.

Yes I am just seeing that, it is an already dead coin. I checked for the trading volume and what I’m seeing there is zero data, and also the market cap is showing that there is nothing at all, and then when you check the market dominance it's showing 0.00% as well. So that means that this coin is completely dead, and anyone who has plans to stake on this coin is really making a huge mistake, because at the end of the day they are going to end up with nothing.

This is why it’s really important that people dig up on the coin that they’re about to stake, and do proper research on it so that they won’t make mistakes like this. Because if you didn’t search for this and correct the person that was about to go for it, they would have made the mistake.

[dezoel]

I don’t know about this smartcash, but I do know about stakingrewards.com website, it is a website that I have known for some time now, although I don’t make use of it, but their account on various social media platforms, such as Twitter, is verified. So that means the platform itself that you have referred to is legit, but the coin that you are referring to (smartcash), I am not really sure of whether this smartcash is legit or not. Being on a good platform doesn’t really guarantee that a coin is going to be worth your investment.

Moreover, the staking rewards that you have mentioned here is quite huge and too good to be true, how do you stake $200 and then you are getting $3000 and above in a month? Maybe you should try doing  more research on that particular project before you go ahead with it, or just avoid it entirely.

[hack3rcon]

Hello,
Thank you for all replies.
Yield farming or Staking?

[michellee]

Hello,
Thank you for all replies.
Yield farming or Staking?

I prefer doing both simultaneously, but that depends on what coins you want to farm and staking. But my advice does not to use much money to stake or chase big rewards from stake because you will get more risk. What is your plan to do Yield farming and staking? If that is in Binance, that will be good for you while still trading for some coins. But if you want to use the other pools such as Pancakeswap or else, you need to be careful and only select the token with a good history, such as Cake so you do not waste waiting for the rewards to grow.