Post
Topic
Board Beginners & Help
Re: Would You Advise People To Stake?
by
Kavelj22
on 19/07/2023, 22:01:25 UTC
As far as I can tell, the annual return stays at 17.66% for the duration.
Is there any drawback I'm missing?
Why don't people just buy Cryptos that they can stake?

According to my opinion, some platforms provide the staking feature because they need liquidity. It means that it will use that stored liquidity in exchange for annual returns to its owners.

The issue is that this program has a degree of danger because it is imperative for the user to have complete confidence in the platform, and the staking system encourages investing in the largest amount of money to ensure a greater percentage of returns.

17.66% sounds so tempting that I don't think it's true. Some platforms set attractive rates to attract the largest number of users and encourage them to invest more amounts. Therefore, we should not blindly trust any platform that offers very attractive offers.