I’ve heard a lot about how staking stablecoins can generate good income, is it true?
Is anyone here actually staking stablecoins right now? any hidden downsides ?
It's not true, the profits are not too good as they say, I was staking usdt on an exchange but the profit was so poor. At first I tried the flexible options for 7 days and it didn't even return up to $0.5 within that 7 days, so I decided to try a fix option for 30 days and yet the reward was still very poor. Instead of staking stable coins again, I'd rather save dollar in my bank, no risk.
I’ve staked USDC on different platforms — had pretty much the same results. A lot of hassle for almost no return. Considering the risks involved, it’s honestly easier to just leave the money in a bank or even on a cashback card.