Saving money in the bank is not as profitable as staking but we cannot deny that it ensures the safety of our money.
It is the right choice for the elderly because they focus on safety, they are not like us who can take risks to get bigger rewards. Staking brings high rewards but also contains potential risks if we choose the wrong coin. Therefore, should allocate assets reasonably, should not invest all in one place.
if we want safest way, maybe staking stable coin in any decentralized exchanges could be the solution.its annual rate still above deposit rate in several countries. maybe the problem is the exchanges security in future, there is no one it could avoided from hacking case . year by year hacking case in crypto market increase dramatically , and we must concern with this.
One of the biggest or main hindrance or reason on why we do really hesitate on making out such option due to security or scam or hacking involvement on where we cant really assure on a years time there
wont really be those kind of probability which we would really be thinking off on our investment for that long.Yes, we could possibly earn more than on what we could earn in banks but the risk involved
would really be still high and if you could able to bare it out then go ahead but im sure that most people wont really be that seeing this thing to be appealing.
That's why doing research is so important. If you know the team of projects and the roadmap + what is the possible utility for mainstream in the future...Can help a lot in making the right choices. DYOR