Thoughts on Staking Rewards in Crypto?

31 viewsGeneral Discussions

Thoughts on Staking Rewards in Crypto?

Hey, do you guys think staking rewards are a solid way to make some steady income in the crypto world?

Hasitha Jayaweera Answered question November 7, 2024
0

Staking is a joke unless it’s stablecoin. Especially when it comes to new VC coins, never go the staking route. It’s just a means for the VC and the team to make the noobs hold their coins, while they themselves dump it in the market.

The staking APY may look juicy but by the time you unlock and withdraw your staked tokens, the value would have dropped drastically of what it initially was.

Gihan Wijethunga Answered question November 7, 2024
0
You are viewing 1 out of 2 answers, click here to view all answers.