11-21-2021, 08:37 AM
Is Staking really worth it?
<!-- SC_OFF --><div class="md"><p>Hey guys, I'm asking this because I've seen a lot of "HODL and stake" comments around, but was wondering if it was really worth it. Here are some of the staking rewards on Binance of some popular tokens seen here on this subreddit:</p> <p>SOL - 5,21% APY / 0,43% monthly</p> <p>SAND - 12,36% APY / 1,03% monthly</p> <p>DOT - 11,51% APY / 0,96% monthly</p> <p>VET - 3,47% APY / 0,29% monthly</p> <p>MATIC - 11,34% APY / 0,914% monthly</p> <p>ALGO - 7,91% APY / 0,66% monthly</p> <p>AVAX - 7,91% APY / 0,66% monthly</p> <p>Am I doing something wrong? Because I'm not the brightest in the room. But Liquidity Pools don't seem to be a better option either? <a href="https://www.nasdaq.com/articles/half-of-uniswap-liquidity-providers-are-losing-money">https://www.nasdaq.com/articles/half-of-uniswap-liquidity-providers-are-losing-money</a></p> <p>Anyways, keeping my money locked up for 1% return (max, usually its half) doesn't make much sense to me? Maybe its good because people since it takes like a day to get access to your tokens when you cancel the contract, it makes much harder for hackers to steal your tokens lol. What are your opinions?</p> <p>Edit: so, I just wanted to emphasize that I thought my money had to be locked up. What led me to believe so is that in my exchange that is a must and also I’ve seen many places in which either your investment gets locked or your reward for like 1 year (specially games). This logic doesn’t apply when your tokens are free to go as you’d like. Thanks everyone is this post for the awesome contribution, keep it coming, but just wanted to explain why I had second thoughts staking</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/WitnessAppropriate"> /u/WitnessAppropriate </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qy4hzw/is_staking_really_worth_it/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qy4hzw/is_staking_really_worth_it/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Hey guys, I'm asking this because I've seen a lot of "HODL and stake" comments around, but was wondering if it was really worth it. Here are some of the staking rewards on Binance of some popular tokens seen here on this subreddit:</p> <p>SOL - 5,21% APY / 0,43% monthly</p> <p>SAND - 12,36% APY / 1,03% monthly</p> <p>DOT - 11,51% APY / 0,96% monthly</p> <p>VET - 3,47% APY / 0,29% monthly</p> <p>MATIC - 11,34% APY / 0,914% monthly</p> <p>ALGO - 7,91% APY / 0,66% monthly</p> <p>AVAX - 7,91% APY / 0,66% monthly</p> <p>Am I doing something wrong? Because I'm not the brightest in the room. But Liquidity Pools don't seem to be a better option either? <a href="https://www.nasdaq.com/articles/half-of-uniswap-liquidity-providers-are-losing-money">https://www.nasdaq.com/articles/half-of-uniswap-liquidity-providers-are-losing-money</a></p> <p>Anyways, keeping my money locked up for 1% return (max, usually its half) doesn't make much sense to me? Maybe its good because people since it takes like a day to get access to your tokens when you cancel the contract, it makes much harder for hackers to steal your tokens lol. What are your opinions?</p> <p>Edit: so, I just wanted to emphasize that I thought my money had to be locked up. What led me to believe so is that in my exchange that is a must and also I’ve seen many places in which either your investment gets locked or your reward for like 1 year (specially games). This logic doesn’t apply when your tokens are free to go as you’d like. Thanks everyone is this post for the awesome contribution, keep it coming, but just wanted to explain why I had second thoughts staking</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/WitnessAppropriate"> /u/WitnessAppropriate </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qy4hzw/is_staking_really_worth_it/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qy4hzw/is_staking_really_worth_it/">[comments]</a></span>Kind Regards R