Quote from: Fivestar4everMVP on Today at 08:44:13 AM

Quote from: zigger33 on October 10, 2023, 08:09:56 AM

~snip~

~snip~

So, for me, i think the only safe way to stake in cryptocurrency is by decentralized staking, there are still some decentralized staking that offer up to 10% APY, you can check Renec blockchain for example, you can stake Renec coin on renec blockchain for up to 10% APY, just same as it is with SOL on Solana blockchain.

But you will encounter another problem when staking with tokens or altcoins, which is its future value. There is no guarantee that the value of Renec or Solana will stabilize or increase in the future, if it is dumped or disappears, you will also suffer losses and lose all your capital. High APY is just a sophisticated trap that altcoins are creating to trick investors into investing in it for the long term. I have a friend who is also staking, who bought ICP for 50 USD in 2021, and he is staking at binance. But you can check ICP's current price, I don't think it can increase in price to help him recover his investment, let alone profit.