Hey guys I am not very familiar with the topic of staking and staking-as-a-service. But I just saw yesterday evening that SMART VALOR a Swiss crypto exchange started their staking campaign where you can either stake Dash or their native token VALOR.
They state that revenues are up to 6.9% for Dash and 15% for VALOR. Here is the link for their announcement:
https://news.smartvalor.com/staking-dash-available-on-smart-valor-platform/
What do you guys think about it? I think it could be good alternative for earning some passive income (if I understand the concept correctly) like interest back in the days bank used to pay some
They state that revenues are up to 6.9% for Dash and 15% for VALOR. Here is the link for their announcement:
https://news.smartvalor.com/staking-dash-available-on-smart-valor-platform/
What do you guys think about it? I think it could be good alternative for earning some passive income (if I understand the concept correctly) like interest back in the days bank used to pay some
I have never been interested in such passive income earning projects, and I would not recommend it to others. The amount you send will remain in their cold wallet for 1 year and you do not know what will happen at the end. It is even more important than reliability of exchange. To me, the coin is yours as long as it is in your wallet, but if it is elsewhere, you should be nervous until you get.