Post
Topic
Board Trading Discussion
Re: Less Risky Modes Of Earning In The CryptoSpace That Should Be Considered.
by
Bournesparks
on 19/06/2024, 20:00:34 UTC
I did my research on staking some time back and it looked like something that I will be willing to try in the future.  However all of the modes of earning passive income have risks even staking. For example, due to the volatile nature of cryptocurrencies  and fall in price will easily outweigh  the rewards that the individual can earn from staking. In addition, the counterparty risk. I think I will be able to take on the other risks of minimum lock up and the waiting period for each blockchain to get back my coins but can bear the former. I think that Crypto lending bears the same risks but it is even better than staking.

Yeah staking has some risks but I think there's an innovative method of it rn. PoolX Op mentioned something similar. APr recorded is pretty good too in a short while and it's flexible.