Is it worth staking stablecoins? - page 5.

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Quote from: wiss19 on March 06, 2023, 05:53:56 AM

...Only the coin that I know that needs a high capital in terms of staking is ethereum. I heard you need a whopping of 36 eth in order to get started. Imagine that amount? I think only whales are capable of doing that...

To become an Ethereum validator, you must have at least 32 ETH. But you can make a profit from staking by having a more modest amount of ETH thanks to the staking pool. Here you can look at the current list of such companies: https://beaconcha.in/stakingServices This service is available on many exchanges, including Binance.

wiss19

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Quote from: GreenStox on March 04, 2023, 09:31:47 AM

i think staking usdc or usdt not wrong, but you must have a lot capital to do that.
i dont know which safe place to staking stablecoin, because im always staking my crypto on exchange, but sometime i also stake in dex, or their own platform too.

What if you only have a less capital? Isn't it possible to stake that way? I think it was still possible but we only need to pick a platform which has a low minimum limit when it comes to staking. Only the coin that I know that needs a high capital in terms of staking is ethereum. I heard you need a whopping of 36 eth in order to get started. Imagine that amount? I think only whales are capable of doing that.

The safe way to stake a coin must be on top centralized platforms, like the ones you are currently doing. There's also staking in dex but there are so many hacks that have happened on them before so I won't ever attempt on trying them.

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Quote from: cryptoknightt on March 04, 2023, 05:45:36 PM

Stablecoins are not guaranteed at the moment, because stablecoins are based on the rise and fall of the $ itself.
My advice is don't put all your finances in stablecoins, it's better 50:50 you can try holding other coins like ETH, XRP or whatever potentially

This is a bullshit suggestion. Stablecoins is the safest coin if you want keep the value of your asset stable. The idea of the OP is to get profit safely even with small percentage while his assets is protected from crypto volatility. Investing on shitcoins will just make his asset exposed to a lot of risk since crypto market is on a bearish trend. This suggestion of yours is irrelevant to the topic.

@OP, BSC has a cheap transaction and there’s a lot of DeFi project that offer liquidity farming optimization like automatic compounding interest. Just search on the top dapps of BSC to get your preferences option.

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If you want to stake stablecoins without breaking the bank, it's best to consider platforms that operate on a blockchain network with low transaction fees like Polygon (MATIC) or Binance Smart Chain. These platforms have gained popularity due to their faster transaction times and lower gas fees compared to Ethereum, making them a more cost-effective option for staking. As for safety and reliability, it's essential to do your research and choose reputable platforms with a track record of secure and transparent operations. While staking can offer attractive returns

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Quote from: Abiky on February 13, 2023, 12:14:27 PM

I have some USDT and USDC in my portfolio that I'd want to stake in a "De-Fi" dApp without worrying about it in a long time. There are liquidity pools in Uniswap with attractive stake rates, but there's also Compound.Finance with its lending services. Both of these platforms are built on the ETH blockchain, so gas fees would be astronomically high. I've read about some platforms being compatible with Polygon (MATIC), but I'd have yet to see if it's worth the shot (especially in terms of security/reliability).

Do you know the safest way to stake stablecoins without breaking the bank? Also, do you think it's worth it? Or should I consider other options? Any suggestions and/or recommendations would be greatly appreciated. Thanks in advance.

Stablecoins are not guaranteed at the moment, because stablecoins are based on the rise and fall of the $ itself.
My advice is don't put all your finances in stablecoins, it's better 50:50 you can try holding other coins like ETH, XRP or whatever potentially

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Quote from: gaston castano on March 04, 2023, 10:06:35 AM

i guess the safest place is still in the ETH platform too stake your usdt/usdc for longterm, unless if you ready to take the risk and try another platform for the biggest apr,
u can try, i also dont have recomended which platfrom with highest and safest place to stake, because im very rarely to stake stable coin.

Although ETH is a platform that is highly recommended, its network fees are extremely high when compared to those of other cryptocurrency networks. Stable coin staking is unquestionably one of the profitable alternatives available on the market, but the rewards are typically modest because the coins are steady and don't readily experience bull runs-ups. I'm new to the staking element of cryptocurrencies, but with time, I'll become familiar with it and grasp how it all works. Investors don't like the thought of taking risks that don't yield enormous rewards because staking steady coins is less risky with lower profits.

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According with several stable coins seem worth when you staking there and have variation with APY reward above 8% on several exchange market, but I have bad experience with staking on stable coins after losing much investment in USTC or Terra Luna stable coin network. Unbelievable with USTC price drop drastically and ever removed staking before period because unstake on Binance need about 24 hours for return to spot balance.

I don't know the other how much their loss keep holding until USTC price drop right now and I quit awhile with staking on stable coin and prefer looking altcoin with higher reward but keep stable price.

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Quote from: Abiky on February 13, 2023, 12:14:27 PM

I have some USDT and USDC in my portfolio that I'd want to stake in a "De-Fi" dApp without worrying about it in a long time. There are liquidity pools in Uniswap with attractive stake rates, but there's also Compound.Finance with its lending services. Both of these platforms are built on the ETH blockchain, so gas fees would be astronomically high. I've read about some platforms being compatible with Polygon (MATIC), but I'd have yet to see if it's worth the shot (especially in terms of security/reliability).

Do you know the safest way to stake stablecoins without breaking the bank? Also, do you think it's worth it? Or should I consider other options? Any suggestions and/or recommendations would be greatly appreciated. Thanks in advance.

According to the bank rules of our country, they pay 5 to 7 percent interest per annum and 15% income tax is deducted from the interest. In that case four to five percent interest is available excluding tax. But if you stake stable coins, you get 8 to 10% interest in this case, which is much more than the bank. But in this case, even if the bank gives security to our money, if you stake stable coins, you will not get the security of your money as high as the bank. So in that case if you want to get high interest you must take high risk

gaston castano

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i guess the safest place is still in the ETH platform too stake your usdt/usdc for longterm, unless if you ready to take the risk and try another platform for the biggest apr,
u can try, i also dont have recomended which platfrom with highest and safest place to stake, because im very rarely to stake stable coin.

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i think staking usdc or usdt not wrong, but you must have a lot capital to do that.
i dont know which safe place to staking stablecoin, because im always staking my crypto on exchange, but sometime i also stake in dex, or their own platform too.

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To stake stablecoins without spending too much money, it is recommended to use a reliable cryptocurrency exchange that offers staking services, as they usually have strong security measures and insurance policies to protect investors' funds. It is crucial to conduct thorough research and read reviews from other users to ensure the exchange's legitimacy before investing. However, the decision to stake stablecoins should depend on the investor's investment goals and risk tolerance since the returns are lower than investing in other cryptocurrencies, and it can limit liquidity by locking up funds for a specific period. Investors should also consider exploring other investment options, such as stocks and bonds, and seek professional advice before making any investment decisions

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Quote from: Abiky on February 13, 2023, 12:14:27 PM

I have some USDT and USDC in my portfolio that I'd want to stake in a "De-Fi" dApp without worrying about it in a long time. There are liquidity pools in Uniswap with attractive stake rates, but there's also Compound.Finance with its lending services. Both of these platforms are built on the ETH blockchain, so gas fees would be astronomically high. I've read about some platforms being compatible with Polygon (MATIC), but I'd have yet to see if it's worth the shot (especially in terms of security/reliability).

Do you know the safest way to stake stablecoins without breaking the bank? Also, do you think it's worth it? Or should I consider other options? Any suggestions and/or recommendations would be greatly appreciated. Thanks in advance.

It is based on the pools you are using for the staking. If it is a third-party liquidity pool, there is a risk associated with it. You need to manage those risks Most of the time these third-party pools will be hacked. My suggestion is to stake stable coins in your decentralized wallet. If you are using the third-party pool, you can try out the various insurance schemes for those defi products. If the defi pool got hacked, they will pay you up to some percentage of your capital.

Suggestions :

1. Stake in the decentralized wallets
2. Use an insurance service

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If you are looking for a DeFi dApp that supports staking stablecoins and has low gas fees, you may want to consider platforms built on the Polygon (MATIC) network. Some popular options include Aave and Curve Finance, which offer staking and lending services for stablecoins like USDT and USDC with significantly lower gas fees than the Ethereum network.

However, it is important to note that using any DeFi platform carries some level of risk. Therefore, it is crucial to research and understand the platform's security and reliability before investing any funds.

Another option to consider is using centralized staking services provided by trusted exchanges like Binance or Coinbase. These platforms offer staking services for various cryptocurrencies, including stablecoins, and often have lower fees than DeFi platforms. However, they may not offer the same level of flexibility and control as DeFi platforms.

Ultimately, the best option for staking stablecoins depends on your individual needs and risk tolerance. It is important to consider all available options and do your research before making any investment decisions.

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Quote from: PancherSh on March 01, 2023, 10:51:56 AM

I think the main advantage of such software may be that you can rebuild it for yourself. Ets bots are very malleable in the owner's sweat settings.

When I started using it, I leaked a little depa while I figured out how to set it up, but then, as I figured it out, everything became fine, though I had to spend 4 days

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Quote from: Wolfwar on February 19, 2023, 09:29:11 AM

In this case, everything is pretty banal. people read information about 50 percent per annum and are no longer interested in anything else. they see only profit in the future.

I think the main advantage of such software may be that you can rebuild it for yourself. Ets bots are very malleable in the owner's sweat settings.

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Quote from: HELLOFF on February 19, 2023, 09:21:47 AM

Quote from: Markperop on February 18, 2023, 07:58:37 AM

a tempting offer, but what about the security of the funds that the user will stake? I think a lot of people want to see this information.

who would risk giving their money to a third party to earn passive income? Although if there are proposals, then there will be those who wish. In banks, everyone survived on a deposit of money, and it will be the same here.

Of course, nobody but we couldn't just say that all stablecoins are useless because despite the bad things we've heard about them, still there are stablecoins are can be trusted, yet we have to be cautious as well. In fact, even if you are investing in Bitcoin you can't also guarantee that it was because even Binance has the chance to get hacked and hackers take your money.
Well, anyways, it is our choice to trust exchanges where to stake our crypto but if not, then choose fiat instead.

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If it was a platform from Polygon (MATIC), you could try it because the transaction fees are not that high. But I've never tried it before and just tried lending my USDT balance on Binance and staking there.

Maybe it's worth doing, but you shouldn't use a too large balance because this is just for testing first to know if it is worth doing or if you should look for something else. But as long as the platform is trustworthy, users shouldn't worry. But still, be careful if you want to try it and only use the money you can afford.

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Quote from: wajik-tempe on February 19, 2023, 01:50:44 PM

One popular option is to use Polygon (MATIC) network, which is a Layer 2 scaling solution for Ethereum that offers faster and cheaper transactions, whether staking your stablecoins is worth it depends on your investment goals and risk tolerance. Staking can provide a relatively low-risk way to earn interest on your stablecoins.
One way to stake stablecoins on Polygon is by using Aave, a decentralized lending platform that offers users high yield on their deposits or the other way is using Curve Finance.

Polygon seems to be the best bet for staking stablecoins. But I'm afraid fees will rise over time as MATIC grows in popularity at a fast pace. At least fees won't be that high compared to the ETH blockchain. Aave is a tried-and-tested "De-Fi" platform, so I think my stablecoins will be safe there. The high-yield deposits are simply too hard to ignore.

If everything works as it should, staking stablecoins would prove to be a lot better than just saving money in a bank. That is if regulators don't take action against "De-Fi" protocols. If they do, then the crypto industry will be doomed. I'd take advantage of this opportunity, before it's too late. Wink

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Quote from: Markperop on February 18, 2023, 07:58:37 AM

Quote from: Aptekary on February 17, 2023, 07:59:22 AM

Quote from: NASdaq on February 17, 2023, 07:14:35 AM

I like that idea but most defi services can give you less than 4% APY. Even 20k will give only 600-800 usdt per YEAR. So small rates... Cefi have 8%+ but after celsius it too risky for me

You may be interested in the opportunity to stake a stablecoin and at the same time get 4.5 percent per month and withdrawal to any cards in the world. As for me, an interesting opportunity offers bittix. But I'm still trying to check if everything is working fine.

a tempting offer, but what about the security of the funds that the user will stake? I think a lot of people want to see this information.

No one can make ensure about your money security in stake or other any investments. Risk is involved in everywhere. As like i have an experienced in Binance where i was staked my stable coins to make passive income, this is reputed exchange so i believe it.

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Quote from: GreatArkansas on February 20, 2023, 12:00:38 AM

Quote from: Abiky on February 13, 2023, 12:14:27 PM

(.....)
Do you know the safest way to stake stablecoins without breaking the bank? Also, do you think it's worth it? Or should I consider other options? Any suggestions and/or recommendations would be greatly appreciated. Thanks in advance.

There are a lot of platforms with this right now, you can use some platforms that are reputable, with high total value locked (TVL). Just like AAVE lending (https://defillama.com/protocol/aave)
I am glad that you are interested in Decentralized Finance (DeFi) because there are a lot of people that want to use the centralized exchange to stake their stablecoins compared to using decentralized finance (deFi).

Is that a healthy way of doing it though? Like I get that you can do it, and being able to do it is the first step for it, but should you? That's another topic all by itself. I find it to volatile and too risky to do for me, but it may not be too risky for someone else, maybe for those people it is not risky at all and could be very normal.

I believe that if we could end up with something more decent, more trustworthy, something much bigger and more acceptable everywhere then I would participate as well. But so far? We have seen something that is only doable in a way that it's not really looking all that famous and wide audience at the current moment.

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