Post
Topic
Board Altcoin Discussion
Re: Does staking even make any sense
by
Questat
on 14/04/2022, 06:48:36 UTC
snip~

LEOS is not very popular, I'm probably the only person who took notice to it.

On twitter there are discussions about ADA staking which people are suggesting to  withdraw the ADA they have from exchanges to stop staking in centralize exchanges.
Half of the people I believe contradicts this position because staking on Binance for example gives them 5% than staking on personal wallet which is just about 2%.  The math speaks more when it comes to where to stake though.
Well, the thing is that staking become the preference if you wanted to earn more percentage compared to just holding it in your pocket.
I even imagine that 5% staking ADA is quite big enough as I'd sometimes staked 3% APY from the other coins. It was then to notice that APY percentage depends on the market volume and the popularity of the project, it was to see that less popular gain the higher APY compared to old coins. Like to see this kind of offering...
https://bitcointalk.org/index.php?topic=5393821.0