We all know there are many ways to earn passive income in crypto aside from trading (spot/futures). One of these methods is savings or staking. However, here's the catch: many platforms offer diverse APRs, whether in USDT or altcoins. So, which do you think is better—savings or staking?
It depends. I'll explain.
- If you plan to hold a non-stablecoin asset for the long term, staking is the way to go. You're not only going to be earning rewards but also supporting the decentralization of the project you love and holding long term.
The only downside is that there is usually an unstaking period that spans between 7 to 21 days. Some projects like Jupiter even has 31 days unstaking period. - Chose savings if you want your assets to be liquid and can immediately liquidate it if need me. But obviously, the incentives are a lot higher to stake than to just save it.
So it ultimately depends on the game plan. Both can be very useful. Back in 2022, I staked NEAR mainly and held it from $3 to $20. My stash also grew thanks to staking rewards. Good old days.