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?.
Binance offers 10% APR returns on USDT and BUSD Savings . I don't think it is less profitable . coz a central bank of my country offers only 5% APR return and from them have 20% Government tax . 4% is actually available from there . here if i use 1000$ savings then i will get 40$ in a year . but Binance offers 95-100$ Yearly . so i think savings on Binance is not bad idea
Having some savings is generally a great idea! 10% on Binance is quite nice and pretty much safe... but crypto is full of opportunities, there are good staking places with higher APY that have proven to be very reliable in my experience! Of course, chasing for some higher returns is risky, but also can be very profitable, why do not try some of them? People should be open to new ideas, to feel free to test some things around, it's how we discover new opportunities. I like BSW for example, for a year it's going great... they have some nice staking options and for now, I didn't have any issues with staking, deposits, and withdrawals!