Does staking even make any sense

[DeFi Doge]

Staking is very important for all the project because it allows to earn more passive income but the project but itself must be useful and bring something new to people like https://twitter.com/ImmobiliumInc/status/1541555357524312065

That is why it is important to carefully evaluate the potential of every project.

Now competition between cryptocurrency projects is so high that is why it is very important to attract attention to the project to have more users and increase the liquidity of the platform.

Because the big competition now holders have a big choice of different projects with staking.
The most important is to evaluate the right potential of the coin.

[fuer44]

Try with 10,000$ and see the difference, stakes are for rich people but also we have defi staking that takes 30,60,90 days just to get 3-15% returns I think this are better than yearly staking.

I also do staking with a small amount because I think this is a trial, and within 2 months I get a 15% return from the percentage of the total amount I put there, but the problem is that the price of the coins I hold drops. but its okay, just wait until the price goes up.

[Buakaw_Club]

Staking is very important for all the project because it allows to earn more passive income but the project but itself must be useful and bring something new to people like https://twitter.com/ImmobiliumInc/status/1541555357524312065

That is why it is important to carefully evaluate the potential of every project.

Because the big competition now holders have a big choice of different projects with staking.
The most important is to evaluate the right potential of the coin.

Staking allow to earn passive income. It is a good opportunity to earn money. But staking works only when market rise.
When market falls the profit from staking does not compensate the loses from fall of the market.

[Pamadar]

Staking is very important for all the project because it allows to earn more passive income but the project but itself must be useful and bring something new to people like https://twitter.com/ImmobiliumInc/status/1541555357524312065

That is why it is important to carefully evaluate the potential of every project.

Now competition between cryptocurrency projects is so high that is why it is very important to attract attention to the project to have more users and increase the liquidity of the platform.

Because the big competition now holders have a big choice of different projects with staking.
The most important is to evaluate the right potential of the coin.

Coin evaluation is certainly very important, sometimes we only focus on high Apr/Apy but the performance of coins is very bad so that the high APY cannot cover the losses of the price of coins that drop, choosing a coin that already has a strong reputation is certainly safer if we want to focus on Staking.

Agree to that point, even the amount of APY is good, but the project or the token didn't perform well,

the actual profits are still nothing or better to say that instead of gaining some amount, it's more on losing your investment in terms
of value, so like you, I'll be more on the progress and the stability of the coin to keep improving even the staking rewards is not
that big but still passive in terms of actual value of the coin.

[katster]

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?.

Seems fair for me. We all get used for huge gains in crypto, but 10% apr is a good deal in non crypto world tbh

[Abco]

Staking is very important for all the project because it allows to earn more passive income but the project but itself must be useful and bring something new to people like https://twitter.com/ImmobiliumInc/status/1541555357524312065

That is why it is important to carefully evaluate the potential of every project.

Staking allow to earn passive income. It is a good opportunity to earn money. But staking works only when market rise.
When market falls the profit from staking does not compensate the loses from fall of the market.

The opportunity to earn passive income attract a lot of people to staking. Staking is not profitable during the fall of the market but after the fall of the market will be a rise and it is important to wait for the rise and find the most prospective project with staking for investment.

[Doell]

In my opinion, there are many staring programs that don't make sense, they dare to give hundreds or even thousands of percent, of course their hopes are to make investors continue to hold, but after I followed some staking that gave APY very high but the risk of the coin drop was very high.

I think better to ignore projects that offer thousands of percent returns, you will most likely be surprised when the product is worthless in the next year even this is like a trap. 10% in a year is enough to generate passive profits which are almost low risk, but still risky you have to find a trusted platform.

[ololajulo]

Defi and staking has really failed in this cycle and I still dont understand the reason. Till date ethereum still has a good percentage staked and lost more than 60% of its value. However, the idea looks great to me, a good way to manage the token while holders are equally rewarded. I want to believe there will be improvement to staking soon,irrespective I wont involve my myself in staking immediately after bitcoin halving

[batang_bitcoin]

I think better to ignore projects that offer thousands of percent returns, you will most likely be surprised when the product is worthless in the next year even this is like a trap. 10% in a year is enough to generate passive profits which are almost low risk

A more than 100% APY seems to be high too and those that has thousands of % to offer, they really are something and everyone should be too careful in choosing. And when good projects that offer good APY and eventually they've become popular and too many stakers come, the percentage will go down.

but still risky you have to find a trusted platform.

Speaking of platforms, stakingrewards.com do suggest the top 10 staking providers and that includes(no particular order) Binance, Kraken, mycointainer, ankr and many more.

[Impact_Women]

Staking is very important for all the project because it allows to earn more passive income but the project but itself must be useful and bring something new to people like https://twitter.com/ImmobiliumInc/status/1541555357524312065

That is why it is important to carefully evaluate the potential of every project.

The opportunity to earn passive income attract a lot of people to staking. Staking is not profitable during the fall of the market but after the fall of the market will be a rise and it is important to wait for the rise and find the most prospective project with staking for investment.

Now cryptocurrency market started to rise and staking becomes more interesting for token holders.
Also now appear a new and interesting projects with staking and it is very important to evaluate the potential of such coins.

[Abiky]

I think better to ignore projects that offer thousands of percent returns, you will most likely be surprised when the product is worthless in the next year even this is like a trap. 10% in a year is enough to generate passive profits which are almost low risk, but still risky you have to find a trusted platform.

Staking only make sense if you have spare money to lose. If you're living from paycheck to paycheck, then staking is not for you. It's just too risky. As with every investment, the higher the reward, the higher the risk of loss will be. I'd choose PoS coins with a low stake rate as they tend to maintain their price over time. Those with high stake rates (inflation) often end up being worthless over time. There's now the ability to "stake" stablecoins within "De-Fi" platforms, greatly expanding your chances of profit.

Whatever you do, don't invest more than what you can't afford to lose to avoid becoming bankrupt in an instant. Diversification is key towards being successful at staking. Just my opinion

[Jancuki]

Now cryptocurrency market started to rise and staking becomes more interesting for token holders.
Also now appear a new and interesting projects with staking and it is very important to evaluate the potential of such coins.

It's very tempting when there is a staking system (POS) other than we can get incentives, we don't need to do anything, we just need to lock it. But still there is a risk, given yesterday's incident when the market was bearish, the token price dropped and the payouts couldn't cover the losses from the price drop. For example I've staked atom tokens with $145 in capital and now it's down to $48, which I'm using cold cash and won't be withdrawing any time soon. My advice is to be more careful if you want to stake tokens, you need to look at it in terms of future clarity and clearer roadmap.

[S A KHAIR]

In bearish market we have right now, staking is the best to earn while holding up your tokens or coins in exchange of little effort or even doing nothing at all. If you don't have plans to sell these times, then you might wanna stake your tokens/coins to earn more from it. It all depends the APR you wanna stake into and also depends on what coins or tokens.

If you do not have money to dca or accumulate more during this period, staking is a solution to increase the number of coins you are holding instead of keeping them in your wallet and doing nothing. But staking, your coins will be locked, so you won't be able to use them if the market spikes suddenly, so staking is like holding long.

[ilovealtcoins]

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 it's not $1000 but a bigger number, say you have $1 million that you don't have too much time to invest instead you want to find a steady income then 10% of the 1 million dollars in a year, I don't think so. a smaller amount. Staking is suitable for people with large capital, spare money and just want a good passive income source. it is not suitable for people like you who are looking for big profits.

[len01]

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 staking looks funny to you at 9.5% interest annum and you get $95 on $1000 capital why don't you try investing your money in your state bank? and try to laugh again after seeing the interest you receive after a year of investing in the bank.
what i know is that staking in crypto has a much higher interest rate than state banks, only 1.9% - 3.25% per year. if you feel the staking interest at USDT 9.5% looks a bit, try to compare it with a local bank in your country.
for me getting $95 a year with $1000 starting capital is big interest. try to put your money in USDT $100,000 and see how much you will get. are you still going to laugh lol

[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?.

if staking looks funny to you at 9.5% interest annum and you get $95 on $1000 capital why don't you try investing your money in your state bank? and try to laugh again after seeing the interest you receive after a year of investing in the bank.
what i know is that staking in crypto has a much higher interest rate than state banks, only 1.9% - 3.25% per year. if you feel the staking interest at USDT 9.5% looks a bit, try to compare it with a local bank in your country.
for me getting $95 a year with $1000 starting capital is big interest. try to put your money in USDT $100,000 and see how much you will get. are you still going to laugh lol

I would rather have my money in ICP earning 20% APY, or NEAR earning 13% staking in my wallet rather than putting my money in a bank in a "losing account" while inflation is over 175% in some countries. Staking cryptos these days is a no brainer.

[100xcoin]

Staking is very important for all the project because it allows to earn more passive income but the project but itself must be useful and bring something new to people like https://twitter.com/ImmobiliumInc/status/1541555357524312065

That is why it is important to carefully evaluate the potential of every project.

Now cryptocurrency market started to rise and staking becomes more interesting for token holders.
Also now appear a new and interesting projects with staking and it is very important to evaluate the potential of such coins.

Passive income is very important for people and it attracts a lot of people.
Now cryptocurrency market started to recovery and its attracts a lot of people to digital assets.

[Pamadar]

Staking is very important for all the project because it allows to earn more passive income but the project but itself must be useful and bring something new to people like https://twitter.com/ImmobiliumInc/status/1541555357524312065

That is why it is important to carefully evaluate the potential of every project.

Now cryptocurrency market started to rise and staking becomes more interesting for token holders.
Also now appear a new and interesting projects with staking and it is very important to evaluate the potential of such coins.

Passive income is very important for people and it attracts a lot of people.
Now cryptocurrency market started to recovery and its attracts a lot of people to digital assets.

Passive if you choose the right asset to stake, it's not easy but doable by doing your deeper research,

there are many available staking coins that you can choose, just make sure to understand the market and how the
developers work with their project.

With good knowledge, you'll be able to recognize and maximize the full potentials of your chosen coins.

[Artik_Finance]

Staking is very important for all the project because it allows to earn more passive income but the project but itself must be useful and bring something new to people like https://twitter.com/ImmobiliumInc/status/1541555357524312065

That is why it is important to carefully evaluate the potential of every project.

Passive income is very important for people and it attracts a lot of people.
Now cryptocurrency market started to recovery and its attracts a lot of people to digital assets.

Many projects have staking and now investors have a big choice of projects with staking.
It is very important to choose the projects that are useful for people and will be in demand in the future.

[RussiaUkraineTranslation]

Staking is very important for all the project because it allows to earn more passive income but the project but itself must be useful and bring something new to people like https://twitter.com/ImmobiliumInc/status/1541555357524312065

That is why it is important to carefully evaluate the potential of every project.

Passive income is very important for people and it attracts a lot of people.
Now cryptocurrency market started to recovery and its attracts a lot of people to digital assets.

Many projects have staking and now investors have a big choice of projects with staking.
It is very important to choose the projects that are useful for people and will be in demand in the future.

Good point. It's not enough to have a high yield staking platform, it needs to have utility and a means to generate revenue. That's why I like MAXX Finance, the revenue they receive from validator nodes and token transaction fees are directed to a DAO for distribution to stakers.