Does staking even make any sense

[jhonjhon]

There are a few advantages for those who choose to engage in staking, such as the fact that the cryptocurrency will continue to work for them and do all the hard work, potentially increasing their value and generating additional rewards, as opposed to just sitting dormant in a crypto wallet and waiting for the user to decide what to do with them. The extra benefit is that they could increase the security and effectiveness of the ongoing blockchain initiatives, in addition to potentially increasing and delivering more prizes.
Ref. https://winz.io/blog/benefits-and-risks-associated-with-staking/

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[Pujangga]

Staking is a strategy from developers to make users loyal and willing to hold on for the long term, but a lot of staking in my opinion doesn't make sense, they dare to give APY up to thousands of percent and of course we deserve to be vigilant and make sure to do DYOR before staking.

[Cairo_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.

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.

Staking allows to earn passive income. Now cryptocurrency market started to rise and it is a good opportuntity to pay attention to digital assets and the opportunities it offers.

[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.

Staking allows to earn passive income. Now cryptocurrency market started to rise and it is a good opportuntity to pay attention to digital assets and the opportunities it offers.

Staking becomes more popular because it offers a lot of useful opportunities and allows people to earn money.
Many people are actively use staking to earn money.

[Defi_space]

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 becomes more popular because it offers a lot of useful opportunities and allows people to earn money.
Many people are actively use staking to earn money.

Many people belive that cryptocurrency market will continue to grow. That is why they pay more and more attention to staking and the opporutnity to earn passive income.

[Docnaster]

Staking is a strategy from developers to make users loyal and willing to hold on for the long term, but a lot of staking in my opinion doesn't make sense, they dare to give APY up to thousands of percent and of course we deserve to be vigilant and make sure to do DYOR before staking.

It is the same thing for banks who operates fixed deposit account.  They use this method to make customers stick around with the bank and make their money to still in circulation within the system. But the difference is that local banks don't give upto 9.5% annual interest like crypto staking do but with 3 to 4%. For people that don't have urgent need of their money, staking is good. It's better than depreciating

[Ultegra134]

Staking is a strategy from developers to make users loyal and willing to hold on for the long term, but a lot of staking in my opinion doesn't make sense, they dare to give APY up to thousands of percent and of course we deserve to be vigilant and make sure to do DYOR before staking.

It is the same thing for banks who operates fixed deposit account.  They use this method to make customers stick around with the bank and make their money to still in circulation within the system. But the difference is that local banks don't give upto 9.5% annual interest like crypto staking do but with 3 to 4%. For people that don't have urgent need of their money, staking is good. It's better than depreciating

Since when do banks give up to 3% or 4% interest? The most you'd get is 0.10% here, I also doubt that it's much higher in other countries. Staking stablecoins on Beefy can easily yield up to 10% to 15% APY, which is great. Even OP's APY is decent for the $1.000 he put, what did he expect, honestly. I'm currently earning approximately $1/day (10% APY), while my bank's deposit pays €2 per 3 months for double the amount I had deposited.

It's a relatively safe way to have a decent interest if you have money sitting around.

[milewilda]

Staking is a strategy from developers to make users loyal and willing to hold on for the long term, but a lot of staking in my opinion doesn't make sense, they dare to give APY up to thousands of percent and of course we deserve to be vigilant and make sure to do DYOR before staking.

It is the same thing for banks who operates fixed deposit account.  They use this method to make customers stick around with the bank and make their money to still in circulation within the system. But the difference is that local banks don't give upto 9.5% annual interest like crypto staking do but with 3 to 4%. For people that don't have urgent need of their money, staking is good. It's better than depreciating

Since when do banks give up to 3% or 4% interest? The most you'd get is 0.10% here, I also doubt that it's much higher in other countries. Staking stablecoins on Beefy can easily yield up to 10% to 15% APY, which is great. Even OP's APY is decent for the $1.000 he put, what did he expect, honestly. I'm currently earning approximately $1/day (10% APY), while my bank's deposit pays €2 per 3 months for double the amount I had deposited.

It's a relatively safe way to have a decent interest if you have money sitting around.

When we do talk about interest then there's no doubt that staking in known platform with those coins would really be totally worth but but we shouldnt really cross out the probabilities or in speaking with risk because we know that everything here on crypto space wont really be giving out that kind of assurance for it to last for a lifetime thats why some people arent really that interested
on touching up these things despite of the interesting interest or APY that it does give compared into their banks which their cash is sitting.So its a personal choice
whether you are really be considering on staking or would simply be just skip on it because you cant take the risk.

[Ultegra134]

Staking is a strategy from developers to make users loyal and willing to hold on for the long term, but a lot of staking in my opinion doesn't make sense, they dare to give APY up to thousands of percent and of course we deserve to be vigilant and make sure to do DYOR before staking.

It is the same thing for banks who operates fixed deposit account.  They use this method to make customers stick around with the bank and make their money to still in circulation within the system. But the difference is that local banks don't give upto 9.5% annual interest like crypto staking do but with 3 to 4%. For people that don't have urgent need of their money, staking is good. It's better than depreciating

Since when do banks give up to 3% or 4% interest? The most you'd get is 0.10% here, I also doubt that it's much higher in other countries. Staking stablecoins on Beefy can easily yield up to 10% to 15% APY, which is great. Even OP's APY is decent for the $1.000 he put, what did he expect, honestly. I'm currently earning approximately $1/day (10% APY), while my bank's deposit pays €2 per 3 months for double the amount I had deposited.

It's a relatively safe way to have a decent interest if you have money sitting around.

When we do talk about interest then there's no doubt that staking in known platform with those coins would really be totally worth but but we shouldnt really cross out the probabilities or in speaking with risk because we know that everything here on crypto space wont really be giving out that kind of assurance for it to last for a lifetime thats why some people arent really that interested
on touching up these things despite of the interesting interest or APY that it does give compared into their banks which their cash is sitting.So its a personal choice
whether you are really be considering on staking or would simply be just skip on it because you cant take the risk.

Certainly, I'm one of those who got screwed over with that so-called stablecoin UST, fortunately, I was relatively lucky and cut my losses early. It was deemed as a safe staking investment, offering a relatively decent APY and within 2 days, it plummeted due to the Luna incident. There's no such thing as a guarantee in cryptocurrencies (or generally when money is involved).

[Abiky]

After recent events I wouldn’t even consider it.

Seriously get your coins off exchanges & even worse, don’t think about trying to earn yield by giving up your keys. It’s just not worth the risk.

It's not worth staking coins on centralized platforms because you can end up losing it all in an instant. As it's always said: "Not your keys, not your coins". You should consider staking coins on a non-custodial wallet for complete peace of mind. How much you will earn in Fiat terms will depend on current market conditions. I'd advise anyone to stake coins with a low APR in order to avoid losing purchasing power (due to inflation) over time. Coins like Peercoin (PPC), Komodo (KMD), Diamond (DMD), TRON (TRX), Cardano (ADA), and Polkadot (DOT) should be on the top of your list of coins to stake.

Ultimately, it's all about diversification. As long as you diversify your investment, the risks of loss will be at the minimum. Who knows if you become the next crypto millionaire by playing it safe? Just my thoughts

[Pamadar]

When we do talk about interest then there's no doubt that staking in known platform with those coins would really be totally worth but but we shouldnt really cross out the probabilities or in speaking with risk because we know that everything here on crypto space wont really be giving out that kind of assurance for it to last for a lifetime thats why some people arent really that interested
on touching up these things despite of the interesting interest or APY that it does give compared into their banks which their cash is sitting.So its a personal choice
whether you are really be considering on staking or would simply be just skip on it because you cant take the risk.

You need to balance both risk and the gain that you might get when using this kind of investment,

Staking serves as passive if you invest with good coin that have good potential, aside from small profits from the stake rewards
the possibilities to see the value of the coin to grow is really high.

Just don't forget to do your DYOR and pick staking coins that have real usages. The chance that it will grow along the way is high.

[Docnaster]

Staking is a strategy from developers to make users loyal and willing to hold on for the long term, but a lot of staking in my opinion doesn't make sense, they dare to give APY up to thousands of percent and of course we deserve to be vigilant and make sure to do DYOR before staking.

It is the same thing for banks who operates fixed deposit account.  They use this method to make customers stick around with the bank and make their money to still in circulation within the system. But the difference is that local banks don't give upto 9.5% annual interest like crypto staking do but with 3 to 4%. For people that don't have urgent need of their money, staking is good. It's better than depreciating

Since when do banks give up to 3% or 4% interest? The most you'd get is 0.10% here, I also doubt that it's much higher in other countries. Staking stablecoins on Beefy can easily yield up to 10% to 15% APY, which is great. Even OP's APY is decent for the $1.000 he put, what did he expect, honestly. I'm currently earning approximately $1/day (10% APY), while my bank's deposit pays €2 per 3 months for double the amount I had deposited.

It's a relatively safe way to have a decent interest if you have money sitting around.

I don't know what the OP was thinking staking was. Staking is just saving your coin which we do with local banks without having anything to show for it. The 9.5% is OK, the impact would be seen when the amount of coins to be saved is higher. Let’s say he is saving $100k, he will surely appreciate the interest he was given.
Staking is first saving before earning, if you want to earn, go trade with your coin with whatever leverage you want and earn huge.

[RussiaUkraineTranslation]

After recent events I wouldn’t even consider it.

Seriously get your coins off exchanges & even worse, don’t think about trying to earn yield by giving up your keys. It’s just not worth the risk.

It's not worth staking coins on centralized platforms because you can end up losing it all in an instant. As it's always said: "Not your keys, not your coins". You should consider staking coins on a non-custodial wallet for complete peace of mind. How much you will earn in Fiat terms will depend on current market conditions. I'd advise anyone to stake coins with a low APR in order to avoid losing purchasing power (due to inflation) over time. Coins like Peercoin (PPC), Komodo (KMD), Diamond (DMD), TRON (TRX), Cardano (ADA), and Polkadot (DOT) should be on the top of your list of coins to stake.

Ultimately, it's all about diversification. As long as you diversify your investment, the risks of loss will be at the minimum. Who knows if you become the next crypto millionaire by playing it safe? Just my thoughts

Correct. I completely agree that staking coins is the safest and most reliable way to earn high yield but I would add staking tokens like MAXX (MAXX Finance) and ALCX (Alchemix) to that list. These are DeFi platforms with revenue that backstop the value of the token. You don't validate transactoins but they are important pieces of protocols that can generate extreme APY sustainably.

[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.

Many people belive that cryptocurrency market will continue to grow. That is why they pay more and more attention to staking and the opporutnity to earn passive income.

The ability to earn money on passive income attracts many people to staking.
Now many projects use staking to attract users which is especially popular during the rise of the market.

[BuNga_cute]

When we do talk about interest then there's no doubt that staking in known platform with those coins would really be totally worth but but we shouldnt really cross out the probabilities or in speaking with risk because we know that everything here on crypto space wont really be giving out that kind of assurance for it to last for a lifetime thats why some people arent really that interested
on touching up these things despite of the interesting interest or APY that it does give compared into their banks which their cash is sitting.So its a personal choice
whether you are really be considering on staking or would simply be just skip on it because you cant take the risk.

You need to balance both risk and the gain that you might get when using this kind of investment,

Staking serves as passive if you invest with good coin that have good potential, aside from small profits from the stake rewards
the possibilities to see the value of the coin to grow is really high.

Just don't forget to do your DYOR and pick staking coins that have real usages. The chance that it will grow along the way is high.

If we want to get passive income with low risk, maybe staking coins is worth trying. But we should not expect too high by assuming staking is
a way to become a millionaire, because the interest rates on staking are very low, so usually the income obtained from staking is relatively small.
If we want to become a millionaire, it's better to just trade, but the risk is certainly higher. Maybe when compared to storing fiat in a bank,
staking coins is still a little better. The most important thing when we plan to staking coins, make sure the platforms that will be used have a good
and trusted reputation. In addition, popular coins for staking must be a priority, besides being much safer, because usually popular coins will grow
and are likely to continue to rise in value. So in conclusion staking still makes sense for us to do and can provide additional income safely.

[Cairo_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.

The ability to earn money on passive income attracts many people to staking.
Now many projects use staking to attract users which is especially popular during the rise of the market.

Passive income is a good opportunity to earn money, that is why it attracts attention of users.
The ability to earn money attracts a lot attention to staking.

[rojan]

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 becomes more popular because it offers a lot of useful opportunities and allows people to earn money.
Many people are actively use staking to earn money.

Many people belive that cryptocurrency market will continue to grow. That is why they pay more and more attention to staking and the opporutnity to earn passive income.

Here everyone likes stalking but first we need to know about the project whether the projector is aerial if the project is not aerial then there is a chance of stalking but we have a big chance of losing money so before stalking I think we should check the project well  Then if we do it here we will get benefits from here

[Backed_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 a good opportunity to earn money, that is why it attracts attention of users.
The ability to earn money attracts a lot attention to staking.

Now staking popular and in demand because it allows to earn money to many people.
The ability to earn money attracts a lot of people to cryptocurrency.

[Pamadar]

If we want to get passive income with low risk, maybe staking coins is worth trying. But we should not expect too high by assuming staking is
a way to become a millionaire, because the interest rates on staking are very low, so usually the income obtained from staking is relatively small.
If we want to become a millionaire, it's better to just trade, but the risk is certainly higher. Maybe when compared to storing fiat in a bank,
staking coins is still a little better. The most important thing when we plan to staking coins, make sure the platforms that will be used have a good
and trusted reputation. In addition, popular coins for staking must be a priority, besides being much safer, because usually popular coins will grow
and are likely to continue to rise in value. So in conclusion staking still makes sense for us to do and can provide additional income safely.

Indeed, the stake rewards are just a portion, but yes, it's passive and we never know what the project will deliver.

There are chances that the coin will fly, and it's really good to see that you have a staking asset that you can withdraw and sell
when your target value is already been achieved.

There are traders who managed to have a joy ride using staking coins, though it's not too many, but there are lucky traders
who got into the project in their perfect timing of pumping the value.

[alan228]

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 a good opportunity to earn money, that is why it attracts attention of users.
The ability to earn money attracts a lot attention to staking.

A lot depends on the economic situation in the world. The economic crysis continue and it is hard to say how long it will last.
Staking attracts more attention to the coins.