Quote from: Prince Malik on September 04, 2022, 03:17:29 AM

Quote from: Ketesnuko on April 06, 2022, 09:42:25 AM

How do people even enjoy staking their coins and tokens? I'm confused, yesterday I tried to stake some amount of stable coin aka USDT on Binance Exchange and it is worth 1000$ but the return on this in a year is 95$ lol, I laughed so hard that I almost flipped my laptop, why the heck people doing this?.

that's the same thing that came to my mind at first, but it all depends on how much you put in and what token did you use to stake, stable coins like USDT and USDC which are worth one American dollar are very safe to stake compared to other tokens that can go up or down, that's why the return is small but it is guaranteed, they're small but you won't even find them in banks, mostly it's for people who already have a very big capital.

It's true, some people only think about how big the rewards will be from staking without considering the risks they have to face.
if the price drops drastically of course the prizes you get from staking are not worth the losses experienced. This is a risk that must be considered before staking.