Quote from: Coyster on September 11, 2024, 04:06:31 PM

Quote from: jerry0 on September 05, 2024, 11:31:00 PM

Those are with 3rd party right? Are those safe?

Safe is only when your coin is in your non-custodial wallet, if you stake your coins with any third party or you lend it out to any service, there is definitely risk in it; not your keys is not your coin. Thus if you are allured by the interest of staking or lending, you should understand the risks too.

Quote from: jerry0 on September 06, 2024, 05:50:59 AM

Are there any safe places to stake btc

You cannot stake bitcoin, it uses the proof of work consensus mechanism and not proof of stake.

We can stake BTC but using bitcoin layer 2 that enables staking for bitcoin, of course it also carries risk, much like wrapped BTC with the risk of depegging.
but I find bitcoin layer 2 to be able to compensate for the need of staking platform so i'm okay with it. there are also plenty of lending platform or dex in BTC layer 2 where we can become liquidity provider.
so I think staking BTC is as good as staking other coin.