Post
Topic
Board Service Discussion
Re: Staking or savings: Which is better?
by
Ultegra134
on 19/10/2024, 06:39:08 UTC
Yeah, I did switch pools here and there because I want to find better opportunities. I can find better offers outside of crypto staking that have given me good returns for years now so I switched my capital over there. Not using stablecoin probably contributed to that, although I'm not comfortable holding stablecoins for long either.
Constantly switching pools negates the aspect of passive income in a way, and it's too time-consuming. However, I've come across some pools on Beefy that consistently provide a relatively stable APY, on so-called reputable stablecoins such as USDC or USDT. I've been holding stablecoins for quite long, and even though I don't quite trust them either, the only critical moment was with UST that collapsed and resulted in a reasonable loss. If you don't mind me asking, what other options did you consider outside of the staking scene?