Quote from: God bless u on Today at 04:14:44 PM

Quote from: R1dwanRz on April 20, 2024, 01:21:54 PM

Well asking this question cos I wanted to see how many of you do stake your USDT. I have seen my friends earning lots of interest from their USDT holdings. So I also wanted to stake some USDT to earn some interest since it's sitting on my wallet doing nothing. I checked a few cexs that offer USDT saving option or other options that offer interests.

So I was seeing that Binance offering 2.85% APR on their flexible staking product, which translates to roughly $0.0781 daily for a 1k USDT stake. But some other exchanges like Bitget and Bybit offer tiered flexible staking rates that can potentially yield higher returns. For example, Bitget offers rates ranging from 3.70% to 8.70% APR depending on the staked amount and with 1K staked, it's like 0.169$ daily, and Bybit offers a flat rate of 2.13% to 7.12% APR also depending on staked amount, so with 1K staked, it's like 0.126 USDT daily.

Now I want to know what's gonna be best. I know Binance has lower interest but i'm still torn between these. So I wanna know y'all thoughts.

Look it's very bullish that you will stake your 1000$ for just about 0.7$ cents. Why? Go get some valuable skills and take it as an initial investment to earn and run a handsome amount of income from a business model.

If you're more interested in trading than you should get a research about some good coins and invest in them according to proper signals and techniques. I'm damn sure that if you invest in some good projects you'll make a lot more profits than what you'll get on staking and holding.

Well said, theres also the option of joining some events that pay higher for lesser amounts than that. The same bitget run a South Asian campaign for users who subscribe to their savings flexible products with around $200 USDT. The reward there much greater than $0.7 cents lol