Does staking even make any sense

[TopT3ns]

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.

I think not stable you can earn much cd3d coins every day depending with how many member stake their coins there, with many people stake every day your return earning will drop. I think is not bad with 258 cd3d staking and get 79 tokens and looks profitable but how price of this token keep reaching up or down, this most important specific because when staking coins usually price drop not getting profit but have loss much with token or coins staking price drop. Not easy to predict actually with shit or meme coin not guarantee keep stable on higher price after few weeks staking.

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[Tellek Garing]

Staking is more enjoyable when you are staking in large so as for the return to make sense but if you stake a small amount the interest payment may not make too much sense, the most advantageous is the one that toy stake native tokens and the rewards are paid in those tokens if you become lucky and the token market rise you can make a good return.

Staking is far more better than leaving your money in the bank where the is no percentage on it.

[LastKiss]

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?.

It's passive income for doing nothing lmao, if you want to earn big then get to work and use your brain. Staking offers a passive income for those who are busy in real life so they don't have time to do some analyse for trading, do some research for investing and etc. We can't hope for big earn by doing staking but we can hope for increasing our capital by doing nothing. The more you stake the more you earn.

[Flexystar]

Once I had recurring deposit balance of around 500 bucks, all the money earned from part time job and I always have the tendancy to lock up some money for future emergency usage. Moreover, as I am getting into real world its time to learn how savings works and what gives us most of the interest earned!

Believe me, that 500 bucks had rebate of around 4.5% on yearly basis. Then I came to freebitcoin website one day and understood the FUN token savings and how you can grab APY of 25% for locking the funds.

The same available under staking on binance. I think its best you take the deal and you are already in profit. Plus, if the prices at the time of withdrawal are off the chart which they will be after a year or so, then you get additional fundings for the same.

[TreyARC]

Yes staking makes a lot of sense in terms of zero equipment requirements but lesser profits compare to building a mining farm, also you enjoy staking you need lots of cash, I mean a lot for reasonable returns.

[DanWalker]

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?.

Imagine someone have 1 billion dollar and don't have time to manage that so they are staking to get that 9.5% make sense right so its definitely not going to make rich but for someone who is having lot and lots of money but don't know what to do with that can go for staking.

Reasonable, just because OP is looking to get rich quick with 1000$, he thinks this is pointless. If OP takes $1000 to invest instead of stake, then he will get back a large amount of money maybe x2, x3 in a short time, but OP will also lose everything when he invests in the wrong project scam. 9.5% is a reasonable interest rate, not too high but brings stable and sustainable income. Suitable for those who like safety and have idle money who do not know what business to do.

[Bitstar_coin]

Are you expecting to earn 1k with your 1k. Im laughing right now. How many stable token earned totally based on how many stable coin that staked in the network. You can imagine when someone has 1 million USDT and it will be staked with 10% APY. This guy will earn about 100k USDT in a year.
How many reward for your staking totally depend with how much your money. If you wanna get more APY and then go to the shit token.

It seems like you didn't even understand about this.

Yeah, probably he was expecting to earn $100 monthly for his $1000  
He obviously does not understand it before but now am sure he does. Stablecoins staking also have disadvantage which is low Apr compared to normal coins staking. And binance is known for their low Apr especially for stablecoins.

There are good l1 or l2 coins @op can invest on to earn good returns but I don't think he is interested to invest now.

[tabas]

Yes staking makes a lot of sense in terms of zero equipment requirements but lesser profits compare to building a mining farm, also you enjoy staking you need lots of cash, I mean a lot for reasonable returns.

It's easier than building your rig and farm mining. No maintenance is needed and it will work on its own based on where you're staking and what coin you're staking.
Slow passive income but it is still gain and an income that anyone can have. So the pattern is the same if you want to get more profit through staking then prepare a large investment and capital that you can.

[ethereumhunter]

Are you expecting to earn 1k with your 1k. Im laughing right now. How many stable token earned totally based on how many stable coin that staked in the network. You can imagine when someone has 1 million USDT and it will be staked with 10% APY. This guy will earn about 100k USDT in a year.
How many reward for your staking totally depend with how much your money. If you wanna get more APY and then go to the shit token.

It seems like you didn't even understand about this.

Yeah, probably he was expecting to earn $100 monthly for his $1000  
He obviously does not understand it before but now am sure he does. Stablecoins staking also have disadvantage which is low Apr compared to normal coins staking. And binance is known for their low Apr especially for stablecoins.

There are good l1 or l2 coins @op can invest on to earn good returns but I don't think he is interested to invest now.

I am not sure he can earn $100 monthly from his $1000
But staking is a good way to earn some money from his $1000. If I have $1 million USDT, I do not want to stake that on any exchanges because the risk will be bigger. But staking can really give him a passive income, although the amount is not too much in the short term

Well, he needs to understand what he wants to do and if he can think of the other way to increase his balance, he will try to use it instead of just relying on the staking process.

[qwertyup23]

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 have more than money than you imagine people with million dollar and staking it without doing anything and get 9.5% in return. Also it is important to look at the APY not all coins have the same APY so you should consider that too.

Imagine a scenario where you have $100 on your bank and you attempted to invest it. Unfortunately, the legal interest rate (as far as I know in the Philippines) is around 6% annually and you would receive merely $6 by the end of this year. The investment you made may sound relatively small but imagine if you were some rich millionaire who has millions of funds stored without any use.

Applying the example above, the more money you stake the higher the returns would be. It is just a matter on how much capital you are willing to risk in a given exchange for staking.

[Anonylz]

"The more the merrier" hope op is familiar with this, you can't expect to get more from giving less. I hope by now you have understood how the staking process works especially for stablecoins. There are more than enough responses from forum members to give you better understanding of the staking.
If you are not satisfied with what binance is giving, you can check other exchanges, perhaps their's will be better.

[kaya11]

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?.

There are different types and options that Binance offers, why did you to a annual staking? You be staking 100k USD if you wanna have more for you to feel it. I stake on Defi 60 days and it gives me good results. With that 1000 USD I would definitely go for a Defi one, with a lock in of 3 months. The choice is yours and Binance won't even bother to hear your thoughts on that, because they've got bigger players than you have imagined.

[Hypnosis00]

Staking is one strategy that most holders do while waiting for the perfect time to sell as in this way, they can earn some profit in returns. And literally, it makes sense. However, we couldn't think that staking gives you more compared to trading, like having 9%APY per annum is obviously small but people had taken this opportunity as additional income while in wait for the next Bullrun.

Well, staking is a choice, not all holders had pushed to do this but it was just their will to do it.

[magneto]

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?.

Mate, I suggest you look at your local bank and see how much they are offering on fiat deposits.

DeFi yields, even at 5% p.a., are super attractive (if you suppose that it is risk free). Besides, if you are willing to use Anchor Protocol, there is a massive yield reserve and it is currently paying 19.5% p.a. on deposits, which is absolutely insane again by fiat standards.

Heck, if you just use crypto.com which is a prominent exchange you can get close to 10-15% p.a. as well.

If you are staking alts, that's a different story. The emissions follow a schedule set by the blockchain itself and not the markets.

[bittraffic]

Almost 10% for staking USDT on binance? That's actually good than having your money in the banks. Although its a very risky way of doing it, it will be profitable if you have a lot of USDT maybe more than $100K.

If there is a platform where you can enjoy while its not very risky then surely, you would prefer to stake there than on centralize exchange like binance.

[dansus021]

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?.

because your staking on stablecoin i mean the apy return is much better than a bank usually and imagine the 95$ you get from doing nothing  

behind the reason of staking is various
people like me usually stake new project coin or other token when the price below buy price so instead of cutlose and try hodling for longterm we can staking it

and staking other project usually give u delicous apy it can be more than 100%

[TopT3ns]

Almost 10% for staking USDT on binance? That's actually good than having your money in the banks. Although its a very risky way of doing it, it will be profitable if you have a lot of USDT maybe more than $100K.

If there is a platform where you can enjoy while its not very risky then surely, you would prefer to stake there than on centralize exchange like binance.

I think Bank not giving 10% for locking your money there actually under 6% until 7% reward given by Bank when you lock your money, but on exchange market like Binance will give 10% and keep safety your money value depending with USDT price drop or not. I think bad choose when locking money on the bank because have inflation value later with how much money put there different with USDT as stable coins and actually have chance for growing up although few percent only, but still profitable than locking on the bank with profitable under 7% every years.

[justdimin]

I think not stable you can earn much cd3d coins every day depending with how many member stake their coins there, with many people stake every day your return earning will drop. I think is not bad with 258 cd3d staking and get 79 tokens and looks profitable but how price of this token keep reaching up or down, this most important specific because when staking coins usually price drop not getting profit but have loss much with token or coins staking price drop. Not easy to predict actually with shit or meme coin not guarantee keep stable on higher price after few weeks staking.

I am not very well versed on that token itself, but the idea stands, you could put 1000 into something and make 95 bucks in return and that could be something amazing. I mean if I do that with USD for example, any stable coin, USDT, USDC, BUSD doesn't matter, that means yearly 10% growth.

If I can keep doing that, and have enough money then I would never have to work ever again. Sure if you are looking to get rich then you will buy, hold, trade and basically just try to get rich but at the same time this is something you can't really do that all the time, there isn't something to trade every single day so when you are not trading or investing, that money could be used for staking until you find something.

[fullhdpixel]

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?.

What do you mean? a year return for a $1000 is just $95? Anyhow, I think for others still worth it though, because you won't get that annual returns if you just kept it in a bank. So it make sense for the majority to ride on this new hype, the whole game of staking. And obviously, the more capital you stake the better is the reward in the long run.

Well that is just it, when you compare the amount that you are getting from cryptocurrency investment to what you are getting by keeping that money as a savings in your bank account you would see that having it staked or invested in cryptocurrency would be a better option (though you still run a risk of losing too). But at the same time people expect too much when they invest a little amount.

Anyone who really wants to make a good profit from staking has to invest a bigger amount and not just $1000 as the op has said he invested. We all know that big profit doesn't come from staking, so it is a matter of how much you are investing, cause the more your investment the bigger the profit that you will get.

[nininyashka]

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

Staking offers many opportunities to earn money. That is why staking now so popular and in demand because it attract a lot of attention of potential users.