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

I know many coins out there, you could stake and get interest on it. The issue is if you buy that coin and say the coin drops in price, even if you earn money from staking, the price of the coin dropping means you would lose money. It seems the only safe staking is coinbase with usdc where you get 5% correct? However, is that still not safe like how gemini use to offer like 7% or more on their gusd?

On ledger live, it seems to show how certain coins you could earn interest in it like tezos which is 9%. ETH is like 3%. There are several other coins which is under 10%. Those are with 3rd party right? Are those safe?

Now if someone is going to hold an altcoin and can stake it, is there any reason not to stake it? This is assuming you already bought that altcoin a while back and don't plan to sell it. Staking altcoins isn't similar to like how people staked with nexo and celsius a while back or it's the same?

You're right that staking can be risky if the coin's value drops, even if you're earning interest. That's why it’s important to choose projects with strong fundamentals. Waterfall Network is an interesting option if you’re looking for a new project with unique technology. It’s built on BlockDAG, which provides scalability and resilience, making it potentially more sustainable than some other altcoins. If you're holding an altcoin and don't plan to sell, staking can be a way to earn extra rewards, as long as you’re confident in the long-term value of the coin. Just make sure to assess the risks carefully, especially when dealing with 3rd parties or emerging platforms.

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