What do you think of staking and restaking one’s assets ?

[CroverNo01]

Instead of risking my coins on any staking protocol, I would rather hold in my personal wallet. The risk of staking coins can not be overemphasized, once you don't have your coins in your full control, you can be at risk of losing everything if there's any hack or perhaps if scammers bridge your phrase through those website that you are connecting your wallets to. "Not your key, not your coin" That's the anthem of crypto investment.

Staking is a good feature of the market, but I will advise anyone to keep us especially newbies that are yet to get acquainted with the system because this aspect is kind of twisted. I concord with everything because coins that's no longer in our custody, what do we call that? We have slim chances of regaining it once the bear season steps in. There's also one thing we should always acknowledge, the market is for everyone and its also for no one. We trade and stake our assets in crypto because we're optimistic of gaining massive profits, that will position us in some good corner of the market.

[justinlamode]

I am not a supporter of staking both stablecoins or other digital assets because most of the time, you end up losing your entire funds or having the value of your asset depleted before maturity. I have seen people stake tokens they bought during TGE and before the maturity, the  price has dumped such that even though they had more token, the values has eroded leaving them with regrets. My other concern with staking is that it is mostly done in centralized platforms where you don't have control of your funds. As we all know, this is dangerous and something everyone should avoid because centralized systems are soft targets to hackers. 

I will rather convert those assets to reliable altcoins like SOL, ADA, XRP or even Bitcoin and hold them instead of putting them in harms way in the guise of staking.

[yhiaali3]

For me, I tried staking and re-staking on some projects on the TON network. They seemed good at first, but over time, I discovered they were very bad.

It's true that your assets accumulate over time, but unfortunately, what happens most of the time is that the price of the locked token declines over time, and therefore the profits you make are fictitious because the token's value has decreased.

So, if you're looking for this type of investment, you should choose strong projects whose value grows over time.

[EFS]

I tried some of them previous years but didn't like results much. I'm pretty sceptical about L2's in general. If a platform offers high APR either they try to bring more users and do an exit scam or just give those high APR for a short time for advertisement purposes. There is no other option. Giving %100 APR yearly means the token have high inflation and you might lose money more than you gain. It's okay to try them with low amounts but don't be too hopeful to become rich with those platforms.

[mich]

Well for me I did stake my coins on the exchanges in the passed. But now I do not stake any more of my coins like Sol, BNB, and Ethereum.

For me it is not worth it to not have control of your own keys. And now there is companies like Ledger and other ones where you can stake. But we do not know for sure if we will lose out crypto or not.

Which exchange have you staked on in the past ?. For me, i do stake a lot on Bitget and it’s been a smooth ride so far. Though, i do not stake for a long period of time.

Well there is only 1 exchange I did stake on it was Binance. There was some easy profit I did make from that. But every day I would think if there is a way I would lose all my coins since I did not have my keys.

[Futurexxx]

Well for me I did stake my coins on the exchanges in the passed. But now I do not stake any more of my coins like Sol, BNB, and Ethereum.

For me it is not worth it to not have control of your own keys. And now there is companies like Ledger and other ones where you can stake. But we do not know for sure if we will lose out crypto or not.

This is one dangerous risk attached to staking, Most Investors are more concerned on what they stands to gain by staking their asset, by not paying attention to the risky part where you may have to leave your asset in the exchange in the duration of when you are staking it, so in the process of staking your asset in the exchange, if anything happens to the exchange like hacking or internal theft, your asset is gone, so the best thing I can say is to avoid it, because it can't give you even half of what it can take from you if things goes wrong.
I know that their are people that are going to argue blindly but till it happens to that person, he wouldn't believe what am saying.
I will not say that I haven't stake my asset in the past, no I have, but it was when I was ignorant of the danger that comes with it, but since I knew the danger attached to it, I stop staking my crypto for peanut that can't replace even half of what can be lost if things goes wrong.

[shinratensei_]

I tried some of them previous years but didn't like results much. I'm pretty sceptical about L2's in general. If a platform offers high APR either they try to bring more users and do an exit scam or just give those high APR for a short time for advertisement purposes. There is no other option. Giving %100 APR yearly means the token have high inflation and you might lose money more than you gain. It's okay to try them with low amounts but don't be too hopeful to become rich with those platforms.

got same experience too with L2 restaking to be honest.

one example is usual money project with $usual as token, the APR just derived from the token distributed to staker, which is pretty bad deal, there's no revenue generated that could make the coin worth more, but instead, they give us interest but also double the supply, seems pointless, most of L2 or any coin staking also works this way.

the only thing that I still get interested into when staking is something like eigen or solayer, at least it's staking with native coin, wrap it, and make it interest bearing token which derived from revenue, staking commision and all.
if it's L2 token, I just consider it the devs trying to trap our money.

[gunhell16]

Maybe as long as you know what you are doing, do what you want. But you should be prepared for the consequences that can be the result of your staking.
Although I am also doing that and so far I have tried doing it with Grass on bitget, and so far so good.

And now, I also want to try it with dex protocols, but I am still studying and learning the right way because of course I also don't want the capital that I will use to be wasted even
if let's say it is a small amount, I still want to have a profit in the end.

[ChristianDior87]

I’ve been staking with Etherly.io for the past few months. If you're looking for a staking pool that offers high returns, this might be worth checking out, it's got some good return percentages on certain cryptocurrency, dedicated support and is pretty straightforward.

[NurseHub]

Just like the first person said, most of the stake and restaking schemes you see out there some are total a trap for some people no matter how the incentives might be attractive, you can try to catch up but remember it is at your risk because there is nothing pump dump scammers can't do they make it very interesting so you won't be able to say no or turn back when your in the middle of it.

I have a group where I get informations about staking on telegram that I believe are some worth a little thing or might be positive at the end but I haven't tried it so I'm not sure either.

[allthebitandbobs]

When you are newbie, you must try to learn from others mistake rather than risking your money. There have been 1000s of staking based coins had been discussed across this board but never heard that any of them helped any investor to become rich. Only the devs got all the benefits and might have become millionaires and must be keep trying their old ideas with new platforms.

Masternodes were another form of POS, but nothing beneficial for investors. When there are continuous supply, price level cannot sustain along with no actual demand due to use-case. So, expecting any decent return our of staking must be delusional.

[Antona]

When you are newbie, you must try to learn from others mistake rather than risking your money. There have been 1000s of staking based coins had been discussed across this board but never heard that any of them helped any investor to become rich. Only the devs got all the benefits and might have become millionaires and must be keep trying their old ideas with new platforms.

Masternodes were another form of POS, but nothing beneficial for investors. When there are continuous supply, price level cannot sustain along with no actual demand due to use-case. So, expecting any decent return our of staking must be delusional.

It's a necessary dose of reality the promise of easy returns is a huge trap. As you said thousands of these projects have come and gone, and the outcome is always the same.
Newbies should study those ghost town ANN threads as a cautionary tale, real wealth here comes from scarcity and adoption, not from inflationary rewards.

[Odohu]

I’ve been staking with Etherly.io for the past few months. If you're looking for a staking pool that offers high returns, this might be worth checking out, it's got some good return percentages on certain cryptocurrency, dedicated support and is pretty straightforward.

I'm not a fan of staking because the few times i tried it with altcoins, I ended up earning cryptocurrency I couldn't sell. I mean I earned the cryptocurrency promised but before the duration of the staking elapsed, the token have been dumped and liquidity vanished so there was no way to sell. I have those token in my wallet and my money gone. Since then, I try to avoid staking tk avoid a repeat of that painful experienced. Even staking Bitcoin and other bigger cryptocurrencies is still a no for me because of the risk of locking my asset in a centralized platform.