Does staking even make any sense

[wxa7115]

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?.

When you compare the profits to what you can get with trading or investing you may have a point, however you must understand that many people prefer to have safe and constant profits rather than to try to maximize their profits and suffer from long drawdowns.

So 9.5% return per year may seem low to you but compared to what banks can give you, which in many places is not above 2%, then those profits you get by staking your coins are in fact significant enough for most people to consider this as a good option.

[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?.

You can get higher returns staking cryptos like NEAR (13%) and ICP (28.9%). I never bother staking stablecoins, why do it when crypto can easily 100x. USD isn't going to 100x up, maybe down in real world value.

[CryptoArena_Official]

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

Many project uses staking to attract more users and get their loyality.
The ability to get passive income thanks staking attract a lot of users.

Staking now is very popular because different DeFi products use staking to offer different financial services.
To be demand every project must have a good liquidity and a lot of users.

[pandanaran]

I usually do staking coins instead of stable coins like USDT because the APY is very small but the risk is also very small so it won't be worth it if we bet with that coin, you can get Staking with other tokens that allow getting a large APY but the risk of holding the coin it is also high enough that it takes more courage to stake the coin on the staking platform.

[Natalim]

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?.

Perhaps, $95 is already big compared to what you get upon depositing your $1000 in the bank. Does have any banks give you that percentage return? Probably, no.

For you, it never makes sense but for those who just hold their crypto and wanted to grow their money through staking, that was much appreciated. Plus, they never pay taxes unlike if you put your money in the bank.

Well, it wasn't a big issue if people do staking, putting their money in the bank, or do trading. They'll choose where they feel comfortable.

[TimeTeller]

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?.

Perhaps, $95 is already big compared to what you get upon depositing your $1000 in the bank. Does have any banks give you that percentage return? Probably, no.

For you, it never makes sense but for those who just hold their crypto and wanted to grow their money through staking, that was much appreciated. Plus, they never pay taxes unlike if you put your money in the bank.

Well, it wasn't a big issue if people do staking, putting their money in the bank, or do trading. They'll choose where they feel comfortable.

This is one way to look at it. Because most banks are offering very little interest, it is like you are just basically letting them store your funds.
So if you have no plans for example in your stable coin, better stake or put into fixed/flexible savings where you will get more.
It may not be big but at least while waiting for the right time to spend, it gained something.
But you need to consider the platform that you will be putting your funds, because most will disappear into thin air.

[Oceat]

Sigh, I don't expect anyone complaining about annual returns on staking when your bank account cant even earn up to that amount per year, I have over 30,000$ in my bank account and I can't even take a loan of 1000$ per month, again I don't receive any reasonable returns on this money.

Yeah, I guess this was the most reason why someone do some staking but let's just accept the fact that staking is for rich people and those people who can't afford to invest/stake higher amount of money they should be happy with what they got and appreciate the return even though it's small at least there's a return if you compare it to bank which does makes sense that the difference is big.

I believe there is an option that you can take your money back anytime you like after staking so it's a win-win though.

[Quidat]

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?.

Considering APY's % then you would really be looking this to be funny as these rates arent really that interesting to look at but surprisingly there are lots who are really fan on staking up their coins.
Dont know on what their reason is but its their money after all and they do have the full rights on how they would gonna spend or use it depending into their investment decisions.
Does it make any sense? Some people would say yes and some would definitely say no because holding the coins itself might possibly generate even more % on a year basis without
needing to risk on putting it into some platform.

[JohnBitCo]

Sigh, I don't expect anyone complaining about annual returns on staking when your bank account cant even earn up to that amount per year, I have over 30,000$ in my bank account and I can't even take a loan of 1000$ per month, again I don't receive any reasonable returns on this money.

Yeah, I guess this was the most reason why someone do some staking but let's just accept the fact that staking is for rich people and those people who can't afford to invest/stake higher amount of money they should be happy with what they got and appreciate the return even though it's small at least there's a return if you compare it to bank which does makes sense that the difference is big.

I believe there is an option that you can take your money back anytime you like after staking so it's a win-win though.

Keep in mind, that not all staking opportunities let you take back your investment instantly. Most of the time when you stake your crypto, there is a locking period and you can only take the money out of staking once that locking period is over.

For those who argue that staking does not give big returns should know that staking ROI may be low but you have to do nothing in order to get these rewards. Staking is an easy money making process.

[Oceat]

Sigh, I don't expect anyone complaining about annual returns on staking when your bank account cant even earn up to that amount per year, I have over 30,000$ in my bank account and I can't even take a loan of 1000$ per month, again I don't receive any reasonable returns on this money.

Yeah, I guess this was the most reason why someone do some staking but let's just accept the fact that staking is for rich people and those people who can't afford to invest/stake higher amount of money they should be happy with what they got and appreciate the return even though it's small at least there's a return if you compare it to bank which does makes sense that the difference is big.

I believe there is an option that you can take your money back anytime you like after staking so it's a win-win though.

Keep in mind, that not all staking opportunities let you take back your investment instantly. Most of the time when you stake your crypto, there is a locking period and you can only take the money out of staking once that locking period is over.

For those who argue that staking does not give big returns should know that staking ROI may be low but you have to do nothing in order to get these rewards. Staking is an easy money making process.

Yeah, it's almost like doing some faucet but staking is much better than faucet since it's an easy money task so the risk is less that's why the return is less too. It's the same goes for high risk, high rewards investment so it's up to the person how knowledgeable they are about to a certain investment. It almost looks like a gambling only if you don't have enough knowledge about it but for those who have knowledge it's a 50% chance to win and 50% chance that they might lose it.

[i8v8i]

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 now is very popular because different DeFi products use staking to offer different financial services.
To be demand every project must have a good liquidity and a lot of users.

Staking is ecological frendly, it does not requires electricity. It allows to attract attention to the project and unite the community of users.

[reil2014]

Try stake on Dex.
Staking now is great than trading. Thats my opinion.
Have you try dex.leonicornswap.com
Its great to search #LEOS

[bittraffic]

Try stake on Dex.
Staking now is great than trading. Thats my opinion.
Have you try dex.leonicornswap.com
Its great to search #LEOS

LEOS is not very popular, I'm probably the only person who took notice to it.

On twitter there are discussions about ADA staking which people are suggesting to  withdraw the ADA they have from exchanges to stop staking in centralize exchanges.
Half of the people I believe contradicts this position because staking on Binance for example gives them 5% than staking on personal wallet which is just about 2%.  The math speaks more when it comes to where to stake though.

[MrDave]

it is still better than deposite money in a bank, no?

[Questat]

snip~

LEOS is not very popular, I'm probably the only person who took notice to it.

On twitter there are discussions about ADA staking which people are suggesting to  withdraw the ADA they have from exchanges to stop staking in centralize exchanges.
Half of the people I believe contradicts this position because staking on Binance for example gives them 5% than staking on personal wallet which is just about 2%.  The math speaks more when it comes to where to stake though.

Well, the thing is that staking become the preference if you wanted to earn more percentage compared to just holding it in your pocket.
I even imagine that 5% staking ADA is quite big enough as I'd sometimes staked 3% APY from the other coins. It was then to notice that APY percentage depends on the market volume and the popularity of the project, it was to see that less popular gain the higher APY compared to old coins. Like to see this kind of offering...
https://bitcointalk.org/index.php?topic=5393821.0

[Daniel347]

why dont u try to stake your token or coin in the brand new staking platform , well i will put the link down below.

it is free to read and send any question on it.


www.ars-defi.io

cheerssssss.....!

[Captain Corporate]

 It makes sense for me, I mean it looks like a profitable thing, staking could be something that we could do just to earn a good side income. Passive income is something that we as humans keep looking at all the time. The idea of "you will not work, you will sleep and eat and have fun, while you still earn money" is just something unreal to us and staking provides exactly that. As long as it exists, there will be many people who will invest, and as long as it continues to give some returns, there will be hype about it as well. I have some Cake that I stake, and I will probably never sell that unless Cake crashes to under 2 bucks.

[Little_Sister]

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?.

Based on the estimation of having earned 9.5% annual profit, that's a realistic result even though the interest is higher than the bank and if you use $ 1k then the profit is not much but the profit is guaranteed. At least you prepare $10k funds then it will get $950 in a year.

[tvplus006]

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 do not have time to work with your capital, since it is very large, then in this case it is necessary to place your money on staking. Thus, you will receive a passive income of 9.5% per annum, which is much higher than on a deposit in a traditional bank.

[2lica]

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?.

Based on the estimation of having earned 9.5% annual profit, that's a realistic result even though the interest is higher than the bank and if you use $ 1k then the profit is not much but the profit is guaranteed. At least you prepare $10k funds then it will get $950 in a year.

Exactly.. it's all up to numbers and 9.5% sounds right.
Higher rewards from staking = higher risk