Quote from: jossiel on March 30, 2023, 08:48:19 PM

Quote from: Abiky on March 29, 2023, 04:00:17 PM

Quote from: jossiel on March 27, 2023, 12:07:42 PM

I'll give everyone a tip about staking, it's better to have that less APY than to take risk and get those too much APY/APY that you're unsure if the project is gonna be successful.

Most projects that are still on the early stage will do that because it's part of being new and that's sort of enticement to the investors. Usually with high APYs, you'll get attracted to it but you'll be unsure if it will take long as the higher the APY, the lower number of investors involved.

As it's said in the real world, "the higher the risk, the higher the reward". It's best to look for PoS coins or stablecoins with low returns to help minimize risks of loss as much as possible. A high APY would make inflation worse, resulting in a decreased valuation of the crypto asset you're investing into. I'd prefer to stake in a decentralized manner, as only you control access to your funds. But not everyone finds decentralized staking attractive, especially when it has a steep learning curve.

Centralized staking is much easier, and convenient. But the downside is that a third party controls the keys linked to your crypto funds, adding unnecessary risks in the long run. The market is full of PoS coins these days, so I'd suggest you give them a shot if you want to build a nice passive income system that will last for a very long time. Just my opinion

I agree about those type of coins to just stay with those stablecoins that have lower returns in interest rates. I thought before that having a good APY was for real but until I've understood how they works, I've come to realize that it's best to avoid those type of projects and its staking features.

With stablecoin + little interest APY, it's truly a passive income but you also need to choose what stablecoin you'll have to choose because just as the typical cryptos, they're also volatile but just lesser.

Stablecoin staking isn't as profitable as it used to be, especially when it's centralized. I remember starting with 10% APY on Binance, and it's now lower than 3-4% on a good day. Decentralized staking offers somewhat better options, but you shouldn't expect any miracles with the most reputable ones, USDT, USDC, and BUSD. You'll have to use one of them in combination with another, usually an algorithmic stablecoin such as TUSD, if I'm not mistaken. And there's still risk involved; we all saw what happened with UST, one of the largest stablecoins by market cap.