You have to keep in mind that the staking APY is not measured in USD but in the NIBI token. Having such high returns means that it has very high inflation and the token will lose a lot of value very quickly. Looking at the price chart it looks like it has crashed hard in just a few months of existence. It will probably continue to go down further, to the point where you might not be profitable despite a very high APY.
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This is something that people should really be wary on, on which APY would really be pointless no matter how big it is if the token/coin value would really be on the floor on which there's no sense if it would really be
just focusing with those huge percentages if you could really be actually be able to put up on other options. This is the main reason on why i do hate up on having those staking into those coins which arent known
not unless if we do speak about those top coins then i might be having those reconsiderations but in speaking about new coins on which those projects hadnt been able to established themselves or test out on the period of time then i wont really be taking a risks on holding it for long term. It would really be just that better if you would really be that simply doing spot trades and hold position even for a year as long you didnt up
up some TP then i would really be preferring this. Well, each one of us does have those kind of considerations and risks management. It would really be that impossible that you wont really be wary on how it works
and with those probabilities.