Post
Topic
Board Altcoin Discussion
Re: Some questions about the Staking.
by
blockman
on 09/01/2022, 08:56:13 UTC
Hello,
I have some questions about the staking and I'm thankful if anyone answer to them by their numbers:

1- Why the price of the staking is variable and not constant?
2- Which coin is good for the staking?
3- Is https://www.stakingrewards.com/calculator/smartcash/ logical? You bought $214.16 of this coin and earn $3,028 per month!!!


Thank you.

1. It's the price of the coin that's volatile and there's no difference in its price as your stake. Don't get it wrong, the price of the coin is the same as you stake it. It is the APY that changes based on the platform where you're staking it.
2. Staking with stable coins can get you a maximum of 14% per year and I think that's the best if you're like to have a passive income.
3. That's not possible. Too good to be true.

Afaik, vauld is the one of the trusted provider to give 12% interest rate
I don't know vauld but there's one that's higher than that which I've seen and that's with Abra for stable coins. But with comparison, I'm seeing that these offerings of staking your stable coins into their platforms are becoming common with higher interest rates. Well, if you're computing, the higher the amount, the greater profit you'll get there calculated with their given interest rate. But upon staking on these platforms, still make sure that you're on the platform that gives you authority to your fund by holding keys.