Best way stacking eth

[2021Start]

Hello guys !
I have juste removed my eths from binance and i am stacking them via ledger wallet. There any many protocols, like lido, coinbase, chorus one... on the ledger wallet app. lido and coinbase are around 2.5% as was binance. Its look like chorus one is 3.5%. I've never heard of it before. Any one knows if its trusty protocol ?
What are your advises for stacking eth guys ? Which would be the best protocol ? What strategy would you recommend guys ?

Thank you!

[shinratensei_]

First, this topic belong to altcoin. To stake your ETH if you are using hardware wallet, you need to connect it to browser wallet such as metamask to interact with the dapps. Ledger have the tutorial for this in their official website.
I only recommend you to stake in dapps that have billions of TVL. It could be lido, or it could be aave. Basically the most trusted one out of bunch. There are handful of legit dapps, but there are also handful of scam dapps impersonating legit dapps as well. Never risk your money for small additional APY.

One thing I want to outline to you is that restaking coin that you get as receipt from staking your ETH have risk of depegging which means you might lose your ETH if you can't redeem or the second market price is below what it should be.
Additionally, always be careful of phishing site because they can prompt you to accept malicious transaction that can steal your money.

[livingfree]

Hello guys !
I have juste removed my eths from binance and i am stacking them via ledger walley. There any many protocols, like lido, coinbase, chorus one... lidi and coinbase are around 2.5% as was binance. Its look likr chorus one is 3.5%. I've never heard of it before. Any one knows if its trusty protocol ?
What are your advises for stacking eth guys ? Which would be the best protocol ? What strategy would you recommend guys ?

Thank you!

I haven't heard of chorus one but if it's also suggested there, and you are not familiar of it. The best option is go with the known one like lido, the other choice like Coinbase is also a good choice for me.

The rest with what ledger is in the list as their staking provider, I have no idea about them though but you can see how much they require for the minimum ETH to stake.

And it's staking not, stacking just saying bro.

[Futurexxx]

Hello guys !
I have juste removed my eths from binance and i am stacking them via ledger walley. There any many protocols, like lido, coinbase, chorus one... lidi and coinbase are around 2.5% as was binance. Its look likr chorus one is 3.5%. I've never heard of it before. Any one knows if its trusty protocol ?
What are your advises for stacking eth guys ? Which would be the best protocol ? What strategy would you recommend guys ?

Thank you!

I haven't heard of chorus one but if it's also suggested there, and you are not familiar of it. The best option is go with the known one like lido, the other choice like Coinbase is also a good choice for me.

Most folks in this crypto space don't know that staking your cryptocurrency cannot give you what it can take from you if things goes wrong.

And one bad thing about staking is that in that duration of time you will be staking your asset, you will be forced to keep your cryptocurrencies in the exchange, on their sight or on their platform which is very dangerous, because it exposes them to hack or theft for something that wouldn't impact you significantly financially, so I would advice that you don't even take such stupid risk by staking your Eth for peanuts, while the risk attached to it is just way too much to bear if it doesn't goes as planned.

[livingfree]

I haven't heard of chorus one but if it's also suggested there, and you are not familiar of it. The best option is go with the known one like lido, the other choice like Coinbase is also a good choice for me.

Most folks in this crypto space don't know that staking your cryptocurrency cannot give you what it can take from you if things goes wrong.

And one bad thing about staking is that in that duration of time you will be staking your asset, you will be forced to keep your cryptocurrencies in the exchange, on their sight or on their platform which is very dangerous, because it exposes them to hack or theft for something that wouldn't impact you significantly financially, so I would advice that you don't even take such stupid risk by staking your Eth for peanuts, while the risk attached to it is just way too much to bear if it doesn't goes as planned.

It's not an exchange though, he's said that it's on the Ledger so it's inside the platform while it's on his hardware wallet but just allowed and given permission for that platform to take his staked ETH.

The danger goes if something goes wrong within that platform, but it's the same risk as what you're saying with the exchanges.

I've got some ETH but never thought of staking it on any platform, the paper gains that I'm getting when its price goes up is much better.

You're right, 3%-5% of APY isn't worth it for that risk.

[MAAManda]

I have juste removed my eths from binance and i am stacking them via ledger walley. There any many protocols, like lido, coinbase, chorus one... lidi and coinbase are around 2.5% as was binance. Its look likr chorus one is 3.5%. I've never heard of it before. Any one knows if its trusty protocol ?

I've never staked Ethereum (ETH), not even once. So, if you want to get a strategy reference, just see what other users are saying in this topic. I'm just focusing on the question about Chorus, I used to stake Oasis (ROSE) there, even for months. From my experience, that entity is a trustworthy entity. If you don't trust them, you can check out their site first, there are more than 30+ assets that they support.

[asriloni]

I can only recommend etherfi. It was offering 4% APY + points that can converted for the free token, which can be sold on market. It means 4% is base APY, but it provides more APY through the airdrop.

It's also liquid and redeemable for 1:1. It has also around 7b TVL ++. It's good only if you're willing to earn more and remember always do your diligence.

I'm not mentioning staking reward list as majority of platforms listed there only offer less than 3.9%APY.

[$crypto$]

I can only recommend etherfi. It was offering 4% APY + points that can converted for the free token, which can be sold on market. It means 4% is base APY, but it provides more APY through the airdrop.

So far looking for the highest APY only Etherfi, but there may be more than that only mostly 4% the rest are below that, I haven't known the info about Etherfi for a long time and until now still collecting points?
weETH Looping with the current yeild is the highest 7% of Etherfi's offer.

[nelson4lov]

Chorus is a Validator for most of the top Proof Of Stake (POS) chains avaliable in crypto today. I don't know much about the project and their team but they seem to have been in crypto for as long as I can remember providing blockchain Validator services to POS chains. If they are offering more value for staking eth with them then it's like because they are reducing their own commission in other to have more users stake with them.

[TastyChillySauce00]

So far looking for the highest APY only Etherfi, but there may be more than that only mostly 4% the rest are below that, I haven't known the info about Etherfi for a long time and until now still collecting points?
weETH Looping with the current yeild is the highest 7% of Etherfi's offer.

Etherfi is now actually more focused on their neobank and at this point I consider it to be their main feature, their staking has become side feature for a while seeing from their development.

Basically earn interest on the side while you keep your money in there to use for their neobank. I guess they knew just being a staking dapps will not be sustainable in the long term.

[2021Start]

Thank you all for your advices.

The thing is that i staked years on binance and earned some interesting rewards in such time. Now as fcking states want to put taxes and more control on our crypto economy. I removed them from binance and i'm using ledger wallet.
I don't understand why some ppl are afraid of staking.
For exemple : instead of letting your eth sleep on the wallet. You can stak them and even 2.5% APY is good. Lets take the exemple of 100 eth. You can earn 2.5 eth every year instead of nothing its good. And if eth price goes up the rewards will go up too. Image 2 years would be 5 eth, 4 years would be even more then 10 eth because of rewards auto-restack.

So i think every one agree that lido is trusty and safe protocol. What about chorus one wich propose 3
5% APY.
What abouy etherfi ?

I want only safest and most trusted protocoles. So i can sleep on my two ears

[asriloni]

I can only recommend etherfi. It was offering 4% APY + points that can converted for the free token, which can be sold on market. It means 4% is base APY, but it provides more APY through the airdrop.

So far looking for the highest APY only Etherfi, but there may be more than that only mostly 4% the rest are below that, I haven't known the info about Etherfi for a long time and until now still collecting points?
weETH Looping with the current yeild is the highest 7% of Etherfi's offer.

7% offered by etherfi for staking your eth is to stake it into the katana platform. It has 1% base APY, and 6% APY subsidized by KAT token (illiquid) with 1b FDV (speculation FDV). The better to stake it directly with close to 5% yield instead of speculating on staking your ethereum into the Katana platform.

So i think every one agree that lido is trusty and safe protocol. What about chorus one wich propose 3
5% APY.
What abouy etherfi ?

I want only safest and most trusted protocoles. So i can sleep on my two ears

Lido and Chorus are good, but they have less APY than etherfi. Why don't you stake your eth in the platform that will give you better APY with the same risk? If i were you, i'd go to etherfi.

Getting APY + airdrop points are same as shooting two birds with one stone.

[TastyChillySauce00]

So i think every one agree that lido is trusty and safe protocol. What about chorus one wich propose 3
5% APY.

Honestly, don't really know about this one. The APY is quite high so you need to do a research first.

Find out from where they get the APY, some staking protocol are shady with their management that causes the money to be lost. Some are even risking taking shitty coin as collateral that can go 0 overnight to earn that APY in lending platform.
Learn about the case of deUSD and Stream Finance's XUSD where they are over leveraging and taking in obscure stablecoin as collateral and they ended up losing all the money because it's stuck in lending platform at 100% utilization which means no liquidity for withdrawal yet the collateral that supposedly can be liquidated to make up for the liquidity is going to zero.

The reason people afraid of staking is because things like this. In some cases you basically being given small APY for risk of losing your entire money.