Would you stake stablecoins now?

[Fredomago]

The point is that staking is more profitable than we save money in banks that do not get anything, in my country keep money that is less than $ 100k, so only get 4%bank interest, if deducted, admin and so on may only be 3%, in contrast to free staking any cost so it is more profitable

If you get more from staking than keeping money in bank is not worth it. Because it is in your complete own control. You can convert it to fiat at any time by taking the necessary steps. There is no alternative to stablecoins to protect against volatility. Staking on various platforms has the advantage of holding these stablecoins. But staking should not be done on any risky platform to get more.

I don't think it's safe to do staking stablecoins that offer interest rates higher than the banks either. At any moment the exchange could be scammed, your funds blocked or just some bad situation with stablecoins could happen. I wouldn't trust my money to a third-party service. Probably best not to keep money in exchanges at all now due to the recent series of bankruptcies of big services. Better to have stablecoins to buy cryptocurrency in case of a flash crash than to have them blocked for staking.

Buying potential coins would be a smarter and more profitable move than staking stablecoins. Staking stable coins will take too much time but will only provide a small profit which is not worth our effort. If you want to maximize your gains, better risk your funds in coins that could reach a good price in the future. If you're a risk taker, better choose the risk that you would take where you could gain higher.

It will be decided on what kind of investor you are, if you can handle the risk I will go with your opinion but we all know that there are also conventional investors who are okay with small profits but in a much safer style compared with the high profit potential but the risk is huge in losing your investment. It's a case to case and always depends on the understanding and the takes of the investors style.

Though there's no right or wrong if you deal with your DYOR properly and you judge things according to your own understanding.

[Uruhara]

I have no interest in staking the stable coins I have. because when the value of the currency that is used as a stablecoin (Dollar) it turns out to have decreased in value. would be very bad. but if you look at the risk taken, it is safer if the coin at stake is a stablecoin. but I don't think it will give much benefit if we only bet a small amount. and if want to keep staking stablecoins then someone tell me it is better to use flexible staking. so we can still pull it if a time is needed. or if there is bad news like what happened to UST.

[Wong Gendheng]

Among the lowest staking offers giving Apr/Apy is stable coins, until now I have never stained with a stable coin and prefer staking in the dynamic coins, of course this is a risky choice so before you are staking then Dyor. Because staking, although it looks beneficial, but if we are staking in new coins, of course the risk is higher than the staking on the top ranking coins.

[TribalBob]

There indeed are many altcoins out there offering good APY and Evmos is one of them. I'd suggest you make your research on Evmos and probably put it into consideration. Believe me, it's worth putting money on.

currently need to review everything carefully, so as not to repeat the Luna case, actually with a large APY does not guarantee that our money is safe,
For me, if I want to save stablecoin to stake, it's better for me to save it in the bank than in the exchange

[Wapfika]

There indeed are many altcoins out there offering good APY and Evmos is one of them. I'd suggest you make your research on Evmos and probably put it into consideration. Believe me, it's worth putting money on.

currently need to review everything carefully, so as not to repeat the Luna case, actually with a large APY does not guarantee that our money is safe,
For me, if I want to save stablecoin to stake, it's better for me to save it in the bank than in the exchange

Higher APY means low stakers in that liquidity pool and low stakers means the token has no trading volume and very risky to invest. Most of this tokens usually have a high slippage percentage that kills the profit on staking. It's useless to hunt a high APY for a high volatile token because you can loss all your staking earnings that you save you save for a long time when the price dumps hard due to lack of interest of buyers.

[Ahli38]

If we have a stable coin at least $ 100k, then we are worth using for staking, now I prefer to invest in new listed coins or use for daily trading, there are many good opportunities for profit even though the market is red by actively observing the market conditions that are currently become a trend.

Yes, you are right. if the stablecoins that we have are many. then it would be good if used for staking. because the benefits will be quite large. but if only a few stablecoins are owned then I myself prefer to be used as capital for day trading or fast trading or scalping. Scalping can even still profit from a meager price tag. but done quickly and repeatedly. so the benefits are many. but for beginners it will not be easy. because you really have to be able to read the movement of the chart pattern or at least understand the chart pattern. But if you have a stablecoin that isn't really being used, then staking doesn't matter as long as it's not for a long period of time. with flexible time may be better.

[Lagduf]

Among the lowest staking offers giving Apr/Apy is stable coins, until now I have never stained with a stable coin and prefer staking in the dynamic coins, of course this is a risky choice so before you are staking then Dyor. Because staking, although it looks beneficial, but if we are staking in new coins, of course the risk is higher than the staking on the top ranking coins.

If people who feel no problem with the risk and they will take common tokens to be staked as it was offering more APY but for the people who prefer stable income based on their capital and then they will be taking the stable token. This is how market is working. It's actually depend with your decision. If you wanna go for stable token and then you must provide a lot of capital to gain good interest

[Uzairjutt275]

I think staking stable coins is just a waste of time because the APY is only a few percent, and what I've seen is Binance can reach 5%,
I think it's better to just buy altcoins and hold for the long term, because altcoins can provide higher profits than staking stable coin.

Of course staking of stable coin it waste of time and we get small profit from staking. It's better then to buying altcoins and hold for a long term and short term to get profit. But it is little risk of buying altcoins