Does staking even make any sense

[AmoreJaz]

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.

if you won't do anything with your funds for the next year or so, and if you have good amount of money, then staking is good as you will be earning passive income. even if we say it is not that big but at least it is earning something while your money is sitting idle. but definitely, you need to stake in reputable platforms like binance, even if they have relatively lower APYs. but if you will just stake small amount, then you will really get small return also, which is not advisable to get into if you have short term plans for your funds.

[JahriMeayer]

It depends. Staking is make sense when you have bags of extra money but don't have time to manage or don't know what to do! Then you can stake them by converting altcoins or stable coin and enjoy passive income as APY. The more you stake, the more you'll get returned. But if you have little amount of money or you are expert at trading, then staking programme doesn’t make any sense for you.

[bhooscream]

In my opinion  yes it is.
But sometimes, the rewards in some reputable olaftorms are smaller than like in other platforms. Staking meed trust on the platform and we must wait for the period of staking until it is finished.
If we think that we still have more times for staking  why not?  As long as we are staking in the reputable platforms

[libert19]

9.5%, doesn't banks give lesser than that? If you can take risk there are coins on defi which give triple digit interest, also plenty coins on cosmos.

Terra ust gives 19%. Which is relatively safer compared to defi but not risk free.

[Beparanf]

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?.

That’s almost 9.5% annual return so which bank can’t offer when you it to them. You don’t do anything while you earn passive income without any risk. This is huge for people that has a huge capital but of course user like you will not gonna appreciate this as good opportunity for passive income.

[ivankoh]

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?.

As far as I know, Binance just upgraded APY level-based staking package.  As it is described here https://www.binance.com/en/amp/support/announcement/4fdcde85bceb43119b4e55e50ef24d41 for change as of 5/3/2022… Probably going to be a fixed volatility in this form as part of the lower risk in many other staking projects but nonetheless  , I will not pay much attention to this APY interest package

[Crypto Library]

You staked USDT means stable coin. In fact, if you get 95 dollar return on 1000 Dollar a year, then its APY is 9.5%. Where you get the highest 8% APY by investing in a bank (APY rate depending on the bank), and here you get 9.5% APY, I don't see anything bad here, I thnik it's a fairly good amount. And if you don't like stacking, you can invest in trading. If you have good knowledge about this then you can take good profit from here.

[jostorres]

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.

It is not even that high in most banks, I know that the inflation is high these days and the returns are getting bigger, but 7-10% is not really offered by banks in many nations, mostly 2-3% in many places. I have to say 10% is not that great because most hedge funds or investment opportunities like Berkshire Hathaway could offer 20% averages, and that is something you could beat most of the time in crypto by simply buying bitcoin and holding long term, it will most likely will reach 20% per year easily, most probably higher.

What people are looking for in crypto is a bit different, because they think it is riskier so they say "if I am going to risk my money with crypto, it should make at least 100% a year!" which is unrealistic but not impossible.

[someone703]

OP, what do you expect with that $1000 USDT when staking? You want more?

Quite frankly, everything is so easy and doesn't force people to participate. Many individuals don't need too much profit and simply don't lose the value of their investment and get more profit. That time with stablecoins is perfectly reasonable.

[SaveOurSea]

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?.

many people do that because indeed the money they stake is cold money, meaning that the money is really not used in everyday life, yes it doesn't matter in my opinion, even though the return is only $95 in a year but it's still profitable isn't it? but if you have cold money more than $ 1000 of course it's in vain, because many investments are more profitable than that.

[Tupan.io]

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.

Now appear a lot of staking projects that allow to earn passive income.
But it is necessary to find a good projects for staking which allow to earn money on investment.

[Sebas.tian]

It depends. Staking is make sense when you have bags of extra money but don't have time to manage or don't know what to do! Then you can stake them by converting altcoins or stable coin and enjoy passive income as APY. The more you stake, the more you'll get returned. But if you have little amount of money or you are expert at trading, then staking programme doesn’t make any sense for you.

Exactly, when you have a huge amount of money, staking really make sense because it will help you to understand the market price very well, when to sell to make a good income from the staking or when not to sell not to experience lost at the end of staking in the community. Those that stake last year 2021 when the price of coins was low, they will definitely have something good to achieve that will really make sense from their staking in this season because the price of coins and altcoins has increased higher in the crypto market.

[lanuna_finance]

Staking is good if you have million dollars

[uneng]

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?.

many people do that because indeed the money they stake is cold money, meaning that the money is really not used in everyday life, yes it doesn't matter in my opinion, even though the return is only $95 in a year but it's still profitable isn't it? but if you have cold money more than $ 1000 of course it's in vain, because many investments are more profitable than that.

95$ interest paid after one year of staking over 1000$ means 9,5% or 0,79% monthly. Considering these rates are being paid over an USDT investment, a stable coin which follows dollar price, I think it doesn't worth anyway, because the inflation will totally kill the purchasing power along that same period of time. It means what you buy today with 1000$, won't be possible to be bought with 1095$ after one year. Inflation rises much faster than the interst income being paid to the investor. Binance rates are too low and too bad. To stake stable coins efficiently, interest rates offered must be higher, otherwise, better to stick with volatile main cryptocurrencies only.

[bittick]

10% interest for a year and you just did nothing to receive that and doesn't it even make sense for you? You will earn less even when you are putting your money into your bank account. 10% for the stable tokens staking were the best reward that you can received that. You must also remember that when you are also staking small amounts of money and you get what you have staked it. The fact that when you are also seeing the market and you will be seeing so many people are also staking their stable tokens for that APY.
They to know that if that's good enough for them to earn good APY with do nothing. What are you laughing for?

[brat111111]

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.

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.

[crzy]

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.

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.

Its not always about making money, staking also requires good timing because you can also experience the same problem with OP if you didn’t take time to analyze before staking. This is the result of volatility, the token you stake are still vulnerable so there’s still no guaranteed profit here, you just have to be more patient when you do staking to see good results.

[TopT3ns]

10% interest for a year and you just did nothing to receive that and doesn't it even make sense for you? You will earn less even when you are putting your money into your bank account. 10% for the stable tokens staking were the best reward that you can received that. You must also remember that when you are also staking small amounts of money and you get what you have staked it. The fact that when you are also seeing the market and you will be seeing so many people are also staking their stable tokens for that APY.
They to know that if that's good enough for them to earn good APY with do nothing. What are you laughing for?

I don't see are interested with return earning about 10% every year and better keep trade with several potential altcoin and have chance more than 40% profit if keep consistent one month. Very little reward or profit with return 10% every year and got under 1% every month although with bigger fund still not enough reason for staking with reward 10%. but depending with individual thing because they want keep safety and try staking although with reward only 10%, maybe they have commitment about as saving money better staking than keep save only without any profitable.

[Vaskiy]

10% interest for a year and you just did nothing to receive that and doesn't it even make sense for you? You will earn less even when you are putting your money into your bank account. 10% for the stable tokens staking were the best reward that you can received that. You must also remember that when you are also staking small amounts of money and you get what you have staked it. The fact that when you are also seeing the market and you will be seeing so many people are also staking their stable tokens for that APY.
They to know that if that's good enough for them to earn good APY with do nothing. What are you laughing for?

I don't see are interested with return earning about 10% every year and better keep trade with several potential altcoin and have chance more than 40% profit if keep consistent one month. Very little reward or profit with return 10% every year and got under 1% every month although with bigger fund still not enough reason for staking with reward 10%. but depending with individual thing because they want keep safety and try staking although with reward only 10%, maybe they have commitment about as saving money better staking than keep save only without any profitable.

Staking of top order cryptocurrencies is not the right choice in my view. 10% is good for a potential token that is being predicted for long term market growth. Staking such tokens won't be a big hurdle and gives something out of it. Even here nothing is assured, bit we move based on the trust over the project.

According to me users who have the plans of holding the assets without getting it engaged into trading practice or into regular transaction needs can go with staking. This will help increase the holding volume. Same time it has got risks as we hold it on a third party platform for a long term.

[SistaFista]

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 we get $95 from our staked $1000, that means the staking APR is 9.5% which is good for stable coin.
Well, actually the staking company can use our staked money to make more money and profits.
Some companies are able to make money more than 2x from their initial capital, thats why they can offer you 9.5% APR.