On my research, it says to only Stake on huge platforms, such as Coinbase.
I realize the drawback is you freeze your funds for a certain amount of time.
The other drawback is because of Crypto's ups and downs, you might lose money if it goes down. But that's true of any crypto, including BTC.
(....)
I agree with trusting your funds to huge platforms, and Coinbase for me is a good centralized platform. And I believe it is applicable in all aspects, even if you are using their exchange for trading, etc. Always trust huge platforms with got real volume and real users.
Being cryptocurrency is volatile with ups and downs. Some high APY/APR on staking are these cryptocurrencies are most volatile, so sometimes instead you are earning profits on staking, you are losing the value of your coin because the price is dropping.