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 think it's good as long as we trust the exchanger who runs the staking program. If we plan to hold it in the long run, this staking program will benefit because our goals are achieved and also get passive income
Yes you are right, after reading a little bit more into the topic of staking I think I understand it better. So staking is actually a win-win situation. Not only the staker but also the network will profit from it. Also I am wondering now why SMART VALOR should give back 100% of the revenues makes no sense?