I think i've tried bybit, they automatically staked our money in our funding account and can be unlocked anytime, the benefit is, we got some APR as a return with not additional implication.
I guess all of exchanges just implemented this because they got positive response, and also, they can get something out of putting people's money on the flexible staking so it's a win-win situation.
so it's no wonder that SOL also got this feature, because SOL is in my opinion 3rd most popular coin ever.
Topic: When did Staking SOL become popular? (Read 71 times)
legendary
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Leading Crypto Sports Betting & Casino Platform
I have staked before and even, I recently staked BGSOL
on flexible savings for 5% APR.
I see others talking about the risk of staking...it's even riskier trading than staking if you ask me.
on flexible savings for 5% APR.
I see others talking about the risk of staking...it's even riskier trading than staking if you ask me.
I would stay away from staking any coin or token. No matter what exchange or platform you do it on there is a big risk because you give up ownership/control of your coins/tokens. We have seen many times before what can happen with third party asset control. You go to bed one night with your coins staked & next morning you wake up, the exchange has gone rogue or shut down. Seriously the staking rewards are just not worth the risk.
hero member
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Leading Crypto Sports Betting & Casino Platform
Is it something new? Well, I don't know when you got to find out about it but to my notice, it has be there for more than 4 months now. Staking is not a new feature in centralized exchange which is why you should not get surprised about any coin that is added for staking. Staking is not that profitable and the risk is much.
Mostly it involves converting and staking your SOL in a flexible manner and can be unlocked whenever you want. I just woke up one day and noticed all 3 exchanges have similar products just with different APRs
I've never actually tried it before, I'm actually curious if anyone has tried it before cause it looks funny to me lol
Well, when projects in other parts of SOL became popular, staking SOL became popular as well, we have so many projects in SOL that grows big right now, too many projects end up being in SOL made SOL popular and that is what we should be approaching in the end. We can't really see this becoming a bad decision at all, it has to be a growth that makes sense and that is what we are looking into at the end.I've never actually tried it before, I'm actually curious if anyone has tried it before cause it looks funny to me lol
Things aren't always that simple and because of that we can't really expect people to put their money in other stuff when SOL makes sense for them. Obviously you could still see how much SOL grew too, look at what rank it was a year ago, and look where it is now, the growth is the main reason why we are seeing this becoming so popular.
Recently a lot of exchanges have adopted flexible staking methods so you don't have to lock your assets. Recently I've noticed that Binance, Bitget and Bybit have all come out with SOL staking products with different names but similar concepts lol
Mostly it involves converting and staking your SOL in a flexible manner and can be unlocked whenever you want. I just woke up one day and noticed all 3 exchanges have similar products just with different APRs
I've never actually tried it before, I'm actually curious if anyone has tried it before cause it looks funny to me lol
Mostly it involves converting and staking your SOL in a flexible manner and can be unlocked whenever you want. I just woke up one day and noticed all 3 exchanges have similar products just with different APRs
I've never actually tried it before, I'm actually curious if anyone has tried it before cause it looks funny to me lol
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