Does staking even make any sense

[fvb]

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?.

From time to time I make bets, but not in stablecoins. And in coins with their own blockchain, such as BNB, Matic, Sol, and so on. Because it can be more useful and, accordingly, profit.

[1714953147]

1714953147

[1714953147]

1714953147

[1714953147]

1714953147

[1714953147]

1714953147

[JohnBitCo]

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?.

Staking will always give you less ROI because it is passive income. You just have to put your coins at staking and do nothing in order to get this money. So the ROI will always be low as compared to trading crypto in which the reward is also high but there is also risk.

However, staking crypto is still very popular because staking gives you much better returns as compared to the interest which banks give us on depositing money with them.

[ethereumhunter]

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?.

People do that because they want to earn extra from staking their coins and wish they could sell them at a high price for more amount of coins. If you are still in the staking program, you can go ahead and patiently wait for the coins to accumulate. In addition, the market is still volatile and there is no sign of when it will turn to high prices. It is hoped that when the price starts to climb, your coins will increase even more so that you can profit more from the staking program.

[danherbias07]

In exchange for safety, they won't give a high amount of interest and there's not much movement in the market where they could profit with stable coins.
They invest what you staked and hope it will make some, it's not always a win situation for them too. So, accepting what they offer is your choice, or go for  HYIPs which involve high risk.
Don't they have a calculator of how much money you will receive annually if you stake it with them? I mean, they should, to avoid high expectations just like what you are feeling now.

[MAAManda]

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?.

Everyone has their own plans for their finances. If only I had more than $10000, I think I would not trade and it would be better for staking my assets, especially if the annual interest paid is almost 10%. and FYI, apart from staking stablecoins, you can also stake coins/tokens on Binance, the question is, why do people stake their coins/tokens?

The answer is that apart from them benefiting from the value/amount of their coins/tokens, they will also be forced to become diamond hands.

[DevFile90]

The higher your stakes asset the bigger your annual return will be, if I have anything close to a 100,000$ I will prefer to stake it for annual return but if I have anything lesser than 100k I will use the money to build a mining rig, staking vs mining have been discussed many time before and its easy to see that mining wins 🏆.

[babygun]

Staking will always give you less ROI because it is passive income. You just have to put your coins at staking and do nothing in order to get this money. So the ROI will always be low as compared to trading crypto in which the reward is also high but there is also risk.

However, staking crypto is still very popular because staking gives you much better returns as compared to the interest which banks give us on depositing money with them.

I love staking my coins because, as you mention, it is a source of a passive income. But I see it on a long term; with staking I can accumulate more coins and when the market is high again (is it this year or the next couple of years) I will sell some of them to take some profit. For some coins, you can get around 12 to 18% APY, which is arounnd 24 to 36x times higher than the savings I get on my bank account in Belgium.

[mdzahed134]

Its almost 10% APY for a year, i think that's not a bad. Because who guys own millions of dollars and if will go to stake you know how much money will get without anything. Even you tried to stake stable coin it’s a big security for your money because there are no chances to changes your coin prices. And i think you can't get such opportunity in the bank or other financial institutions.

[Anonymous100]

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?.

They do staking just to keep the balance by getting a little extra balance. It is customary for stable coins to only get returns below 10%. Apart from that, many are staking to hold coins in the long term. They will benefit from price changes and from increasing the number of staking coins. If the coin price drops of course they continue staking.
That is, we do staking not expecting profits from staking, but from changes in coin prices. Of course it will be a loss if we stake for stable coins.

[Jackl87]

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?.

If you get back 95$ per year if you are only staking 1000$ then this means you get an annual interest of 9,5% on your capital and that even for a stable coin and not for a volatile asset so you can compare that with the interest that a bank is paying you on your FIAT. You do know how much you interest you get if you leave your money at the Bank right? You get absolutely zero interest for it and here in Germany it can even happen that you have to pay some sort of a fee for having much money on a bank so you can even get minus interest here at the moment. So 9,5% on stablecoins is really good compared to traditional financial products.

[RussianEnglishTranslation]

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?.

I don't use Binance staking, I don't have time for their 30 day windows. I prefer to stake cryptos in their native platforms, like NEAR in the NEAR wallet, Celo in the Celo wallet, and ICP in neuron.

[JeffBrad12]

It seems like you're new in the crypto, right? If you wanna get very very big APY with your small amounts of money and then go to the altcoins that were offering very big APY like cake or something else.
Stable coin was used by people who are looking for stable income for their assets. Stable passive income without any risk being lose due to the volatility that happens like this time when bitcoin got dumped and whole of market were following the bitcoin price movement as well. It's not like that. I think that if you must understand it correctly.
So, staking is a sense thing when you can understand and calculate it correclty

[lousie9]

If you do staking and only get that small benefit in one year then you can look for other alternative tokens to be included in staking because I believe there are still many tokens that provide high APY and it would be nice if you don't staking for too long but look for staking which is only a few weeks or months because we can continue to develop our assets that we are holding on to in the long term.

[cryptosru]

Yes, you are right here. Maximum exchanges give project PAM about whole staking. But there are some tokens which give monthly but its rear. I think for this reason maximum time people are uninterested to stake their token or investment.

Now staking is very popular because it requires to earn more income. Especially staking popular when market rise. But a lot of depends on the projects. Now appear a lot of projects that offer many useful things and products like this https://twitter.com/InpulseX_io/status/1511365325950005252

[Anonylz]

No bank will even give you that amount of roi per year for $1000. You may see it very small but still better than what local banks will give.
I think around 0.8% for your $1000 monthly is what they offer which is not bad.
There are other platforms which gives higher but you have to be careful. Waves usdn was offering a very high Apr but look at what happened.
The only way to increase you earnings is by increasing your investment, don't expect more than what you are staking.

[Republikcoin.com]

They do staking just to keep the balance by getting a little extra balance. It is customary for stable coins to only get returns below 10%. Apart from that, many are staking to hold coins in the long term. They will benefit from price changes and from increasing the number of staking coins. If the coin price drops of course they continue staking.
That is, we do staking not expecting profits from staking, but from changes in coin prices. Of course it will be a loss if we stake for stable coins.

Stablecoins are only suitable for storage and are only suitable for buying other coins when the coin price is in a low condition, because stablecoins are not suitable for staking and any trading.
And besides stablecoins, I think almost all coins are suitable for staking if the coin has a certain support for staking to increase the number of existing coins.

[Crypt0Gore]

Look into staking if you have up to 500,000$ in your wallet or portfolio, the more money you stake the bigger your reward is going to be, to me I believe that staking is only for the rich.

[Orange89]

Well what i fell Staking is really beneficial it depend upon which platform you choose, a dex had more pools and more staking offer so why not try it out just imagine you had some money in real life we deposit the money into banks and get interest like 3%--4% means seriously with such low interest, but if you compare it with crypto Staking it is still really huge remember a best crypto coin staking platform can even make you rich i remembered i had invested in cake {pancakeswap} when its price is 0.2$ now just check the price + i also had gotton staking profit at that time when i invested the APR  is around 250-300% just think of the situation

[91254vvpatel]

If you similarly understand what staking is. If you put the stble coin on the staking you will get the same return. You put someone on the stack that you can get a good return in the future. What's wrong with you going into a long-term investment and your token giving you extra income over a period of time? Don't use staking for it as holding on to someone stable is not going to increase the price. I hope you have understood my point, you have understood the gist of what I am saying.

[chikading2016]

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?.

Well it always depend on the amount, i stake my 258 cd3d token and it is now 3 days and i have claimable 79 tokens if you stake a big amount the claimable amount will also big, staking is a good way to earn tokens without buying it, so i think staking is not a joke it is a good strategy of investors because while they are waiting for the price of the particular token to rise the amount of thier tokens will also rise through staking.