Staking is very important for all the project because it allows to earn more passive income but the project but itself must be useful and bring something new to people like
https://twitter.com/ImmobiliumInc/status/1541555357524312065That is why it is important to carefully evaluate the potential of every project.
Now competition between cryptocurrency projects is so high that is why it is very important to attract attention to the project to have more users and increase the liquidity of the platform.
Because the big competition now holders have a big choice of different projects with staking.
The most important is to evaluate the right potential of the coin.
Coin evaluation is certainly very important, sometimes we only focus on high Apr/Apy but the performance of coins is very bad so that the high APY cannot cover the losses of the price of coins that drop, choosing a coin that already has a strong reputation is certainly safer if we want to focus on Staking.
Agree to that point, even the amount of APY is good, but the project or the token didn't perform well,
the actual profits are still nothing or better to say that instead of gaining some amount, it's more on losing your investment in terms
of value, so like you, I'll be more on the progress and the stability of the coin to keep improving even the staking rewards is not
that big but still passive in terms of actual value of the coin.