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?.
why choose Stable coin when there are other coins that is having a good staking offering for Binance? Am not sure what is your plans and Ideas but i found it not even when stable coin specially USDT is not worth staking for.
and why not locked the amount for much longer time than just a year? because if that funds is just for long term and willing to risk then there is no issue in waiting more.
It's true that stable coins like USDT are not a good choice for staking, I prefer staking other coins that can provide greater profits. But if we really want
to staking on stablecoins, we should not choose to staking on Binance, look for other platforms that offer higher interest rates. But we have to be careful
if staking on other platforms, make sure the platforms have a good reputation, so we won't lose our money. It must be admitted that it is very rare
for a trusted platform to offer high interest rates for staking, so if we feel that the profit generated from staking is unsatisfactory, it means that
staking is not something we should do. There are many other ways to make a profit in the crypto world, we just need to find information. What is
certain is that if there is a way that produces large profits, the risk is usually very high, very different from staking usually has a low risk.
There is no better platform than binance, the ones that offer high interest rate, you have to accept higher risk. Staking USDT and with 9.5% interest is high and more than enough, in my opinion, if you stake other altcoins, they will give higher interest but can also make you lose more because you don't It is certain that those altcoins will increase in price over time.