Post
Topic
Board Altcoin Discussion
Re: Does staking even make any sense
by
Oneandpure
on 04/09/2022, 16:24:16 UTC
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.
Behind with USDT as stable coins is not good choose for staking but OP realistic with stable price without risk why keep staking using stable coins, all exchange market not really profitable when staking with stable coin and exactly true by choosing other altcoin for staking. I think OP have research with many kind of altcoin staking option price drop drastically before unlock staking ended.

Have many kinds of altcoin ability for staking price drop drastically, like AXS, BSW and SFUND, OP know all risk why choose USDT as stable coin for staking although he know with small APY reward. OP just want to keep away risk price drop drastically when staking with other altcoin can given higher APY than staking with USDT.