Yeah i remember bought cake for 100$ staked it and after 1month i lost 20$. I got 80bucks back all staked rewards included. It is bullshit. Or you must buy coin at lowest price but who knows whats lowest price? Mining was good thing.
Generally with staking the highest yields are the most volatile coins. So you might get 100% APY on some random altcoin however if it losing 90% of its value then you are not out ahead.
ETH staking is better because its a high market cap coin like BTC. It most likely won't lose 90% value in a few months. The issue is that the staking rewards are just way too low right now.
When it reaches the point where you can put it in a bank savings account and invest in some bonds which is iron-clad safe rather than stake it with an online exchange for similar rewards, the former makes more sense.
If the rewards grow to 10% a year then thats a different story.
if you are us citizen i bond is 9.62% you can buy up to 10k
and the bond is perfectly pegged to usd.
if i stake eth in coinbase eth price can go up down zero pegged to usd and pays 3.5%
so what the fuck do i need to stake eth.
i do have 300 usd worth of eth staked on coinbase.
i have 8000 in i bonds.
if i had spare eth i would swap it for etc.
but thats me and i am a us citizen.