Post
Topic
Board Altcoin Discussion
Re: Some questions about the Staking.
by
Findingnemo
on 09/01/2022, 13:24:18 UTC
2. Staking isn't giving huge returns but staking bitcoin or Tether with APY over 8% is somewhat profitable.
If you mean wBTC, I don't think the risk that defi possess is worth the amount of 8% APY, not to mention that it is also far from the true Bitcoin, holding bitcoin on its own network would give a better and safer return.

I mean still its bitcoin which posses less risk than staking a shit coin with APY of 10% but the value of that shitcoin can fall 50% overnight but I never recommended staking for anyone even with stable coins because 10.5% isn't really worth the risk, its better to day trade the stablecoin against BTC and make the same amount of returns in a month or two then just be calm for the rest of the months. Cheesy