seems like waste of time considering their APY aren't that great meanwhile currently the results that you get could easily gets eaten by the fluctuation.
I think holding some heavily discounted coin will be great alternative because at least once they have already taking off after the bullrun comes you could get massive returns that outweigh the fluctuation.
Topic: Would you stake stablecoins now? (Read 1125 times)
no staking is safe even stable coins can collapse just like UST. But they fixed all that with the latest version and it looks like they are starting to stabilize. I don't know if this is their way to attract investors back or have another scenario regarding Terra LUNA. but I don't think staking is a problem as long as you research it properly.
currently need to review everything carefully, so as not to repeat the Luna case, actually with a large APY does not guarantee that our money is safe,
For me, if I want to save stablecoin to stake, it's better for me to save it in the bank than in the exchange
We should be wary of coins for high APY because they need holders for the long term but do not provide proper utility to investors, in fact we do not get any profit because the price of the coin is unstable even you suffer losses after getting APY.For me, if I want to save stablecoin to stake, it's better for me to save it in the bank than in the exchange
If you hold dollars in the account then it is safer, but for crypto users they store USDT on an exchange or private wallet
To stake a bitcoin now it's like someone who is trying to lose it money because the spirit is not the period you can stake your coin with a big amount because of the price is not constant but if you buy now at the ratio is low and they want to stake it for two years it is better because you will make girl definitely in future because of the long time staying for a staking
I think staking stable coins is just a waste of time because the APY is only a few percent, and what I've seen is Binance can reach 5%,
I think it's better to just buy altcoins and hold for the long term, because altcoins can provide higher profits than staking stable coin.
It's not waste of you if you aware about how to play it. I meant you must also aware about this the fact that if you wanna get huge return from staking and then you must provide more capital. How much return will depend on your capital. If you are having huge capital and then %5 will give you lots of money. If you are using only a few bucks and don't expect to get a big return. This is easy to calculateI think it's better to just buy altcoins and hold for the long term, because altcoins can provide higher profits than staking stable coin.
Also, you need to know where you are staking huge amounts of stable coins. There is a risk involved in staking coins on centralized platforms.
This is not so simple as let's suppose you stake a lot of stable coins on an exchange and later that exchange scams or you are unable to withdraw. Do full preparation for all scenarios before you decide to stake many coins.
all options have risks, if we risk stable coins in large quantities we get commensurate profits but be wary of the word fraud and the declining value of stablecoins
if risking small profits is worthless,
In the end, everyone returns to their respective decisions because only we know the risks we will face,
If we have a stable coin at least $ 100k, then we are worth using for staking, now I prefer to invest in new listed coins or use for daily trading, there are many good opportunities for profit even though the market is red by actively observing the market conditions that are currently become a trend.
The point is that staking is more profitable than we save money in banks that do not get anything, in my country keep money that is less than $ 100k, so only get 4%bank interest, if deducted, admin and so on may only be 3%, in contrast to free staking any cost so it is more profitable
If you get more from staking than keeping money in bank is not worth it. Because it is in your complete own control. You can convert it to fiat at any time by taking the necessary steps. There is no alternative to stablecoins to protect against volatility. Staking on various platforms has the advantage of holding these stablecoins. But staking should not be done on any risky platform to get more.Buying potential coins would be a smarter and more profitable move than staking stablecoins. Staking stable coins will take too much time but will only provide a small profit which is not worth our effort. If you want to maximize your gains, better risk your funds in coins that could reach a good price in the future. If you're a risk taker, better choose the risk that you would take where you could gain higher.
The point is that staking is more profitable than we save money in banks that do not get anything, in my country keep money that is less than $ 100k, so only get 4%bank interest, if deducted, admin and so on may only be 3%, in contrast to free staking any cost so it is more profitable
The government was giving you guarantee if there would be something happened with your money unlike when you are staking in the crypto where government gives no gaurantee caused by it's not affiliate with the organization that owned by the regulators. You can get more but remember the risk is also high compared when you are taking the interest from the bank which gives more comfortable caused by regulation. The point is that staking is more profitable than we save money in banks that do not get anything, in my country keep money that is less than $ 100k, so only get 4%bank interest, if deducted, admin and so on may only be 3%, in contrast to free staking any cost so it is more profitable
If you get more from staking than keeping money in bank is not worth it. Because it is in your complete own control. You can convert it to fiat at any time by taking the necessary steps. There is no alternative to stablecoins to protect against volatility. Staking on various platforms has the advantage of holding these stablecoins. But staking should not be done on any risky platform to get more.Buying potential coins would be a smarter and more profitable move than staking stablecoins. Staking stable coins will take too much time but will only provide a small profit which is not worth our effort. If you want to maximize your gains, better risk your funds in coins that could reach a good price in the future. If you're a risk taker, better choose the risk that you would take where you could gain higher.
When staking stable coins you must keep in mind your money isn't really growing, because your purchasing power is decreasing due to inflation much more than the APY they are paying you. Let's say you earn 10% yearly on your stable coins through Binance or any other platform, while the prices of the products at the supermarket are increasing much more than 10% on that same time period. In the end it doesn't worth to expect return over your stable coins. Better to invest in bitcoin and main altcoins expecting some nice returns in few years, while also earning interest over them if you wish.
The stake is to generate daily passive income and you can withdraw it to use for daily expenses, it's not like investments. Do you have a guarantee that the investment will always bring you profit, especially investing in altcoins? I don't think so, investing is much riskier because of its short-term volatility and even more altcoins can disappear from the market causing you to lose money.
Let's say you invested in ethereum last year at $2k and now we're in bear season and the value of ethereum is now just $1.3k, that means you are losing almost 50%. If the bear market lasts 2 more years, are you profitable? but if you stake, you still profit every day, not much but very evenly. Investing and staking both have their pros and cons, so which method to use depends on each person's goals.
The point is that staking is more profitable than we save money in banks that do not get anything, in my country keep money that is less than $ 100k, so only get 4%bank interest, if deducted, admin and so on may only be 3%, in contrast to free staking any cost so it is more profitable
If you get more from staking than keeping money in bank is not worthy. Because it is in your complete own control. You can convert it to fiat at any time by taking necessary steps. There is no alternative to stable coins to protect against volatility. Staking on various platforms has the advantage of holding these stable coins. But staking should not be done on any risky platform to get more.
I think staking stable coins is just a waste of time because the APY is only a few percent, and what I've seen is Binance can reach 5%,
I think it's better to just buy altcoins and hold for the long term, because altcoins can provide higher profits than staking stable coin.
It's not waste of you if you aware about how to play it. I meant you must also aware about this the fact that if you wanna get huge return from staking and then you must provide more capital. How much return will depend on your capital. If you are having huge capital and then %5 will give you lots of money. If you are using only a few bucks and don't expect to get a big return. This is easy to calculateI think it's better to just buy altcoins and hold for the long term, because altcoins can provide higher profits than staking stable coin.
The point is that staking is more profitable than we save money in banks that do not get anything, in my country keep money that is less than $ 100k, so only get 4%bank interest, if deducted, admin and so on may only be 3%, in contrast to free staking any cost so it is more profitable
Staking on stable coins is indeed safe, but we also have to choose the platform, of course one of the best platforms right now is Binance,
because there stable coins have high APY like BUSD has almost 5% APY, of course I think it's a good choice if want to stake on Binance.
because there stable coins have high APY like BUSD has almost 5% APY, of course I think it's a good choice if want to stake on Binance.
When the market is red, most people will divert to staking so that it makes it cheap, I also stake in spots and dex and now continues to decline, for example in pancakes that now apply 2 choices namely fixed and flexible, for locked we only get 63% apy And for flexible we get 2.95% APY, different from a year before when market rising we can get apy 2x from now.
Now the APR rate of stablecoins has reduced further . a month ago i seen Binance offer 10% interest for USDT & BUSD. but now thay reduced for 2% and make 8% APR. if we compare with our central bank interest then stable coin interest rate still good. coz our central bank offer us 5-6% of interest with huge terms & condition and Government vat .
Ouch, that was a big cut there but I wonder what is the reason for that deduction? I think with the past bad experience of some stable coins, they should increase their rates, that is for the people to get attracted again because many of them are like the OP now who are now skeptical about investing or staking their stablecoins online but anyways you're right that it is still better than the rates which banks are always offering and other than that, banks are also much riskier to the fact that they can freeze, restrict and use your funds without your consent. Situations between stable coins and staking platforms are seem to be stable now. The OP can get back on action again.i think you may have chosen a safe stable coin like USDT which has been recognized for a long time.
but at least do some research before staking on stable coins to avoid this ever happening.
and even now i also stakin stable coins on binance which i believe is safer without a doubt
I think staking stable coins is just a waste of time because the APY is only a few percent, and what I've seen is Binance can reach 5%,
I think it's better to just buy altcoins and hold for the long term, because altcoins can provide higher profits than staking stable coin.
I think it's better to just buy altcoins and hold for the long term, because altcoins can provide higher profits than staking stable coin.
Of course staking of stable coin it waste of time and we get small profit from staking. It's better then to buying altcoins and hold for a long term and short term to get profit. But it is little risk of buying altcoins
Among the lowest staking offers giving Apr/Apy is stable coins, until now I have never stained with a stable coin and prefer staking in the dynamic coins, of course this is a risky choice so before you are staking then Dyor. Because staking, although it looks beneficial, but if we are staking in new coins, of course the risk is higher than the staking on the top ranking coins.
If people who feel no problem with the risk and they will take common tokens to be staked as it was offering more APY but for the people who prefer stable income based on their capital and then they will be taking the stable token. This is how market is working. It's actually depend with your decision. If you wanna go for stable token and then you must provide a lot of capital to gain good interest 
If we have a stable coin at least $ 100k, then we are worth using for staking, now I prefer to invest in new listed coins or use for daily trading, there are many good opportunities for profit even though the market is red by actively observing the market conditions that are currently become a trend.
Yes, you are right. if the stablecoins that we have are many. then it would be good if used for staking. because the benefits will be quite large. but if only a few stablecoins are owned then I myself prefer to be used as capital for day trading or fast trading or scalping. Scalping can even still profit from a meager price tag. but done quickly and repeatedly. so the benefits are many. but for beginners it will not be easy. because you really have to be able to read the movement of the chart pattern or at least understand the chart pattern. But if you have a stablecoin that isn't really being used, then staking doesn't matter as long as it's not for a long period of time. with flexible time may be better. 
There indeed are many altcoins out there offering good APY and Evmos is one of them. I'd suggest you make your research on Evmos and probably put it into consideration. Believe me, it's worth putting money on.
currently need to review everything carefully, so as not to repeat the Luna case, actually with a large APY does not guarantee that our money is safe,
For me, if I want to save stablecoin to stake, it's better for me to save it in the bank than in the exchange
Higher APY means low stakers in that liquidity pool and low stakers means the token has no trading volume and very risky to invest. Most of this tokens usually have a high slippage percentage that kills the profit on staking. It's useless to hunt a high APY for a high volatile token because you can loss all your staking earnings that you save you save for a long time when the price dumps hard due to lack of interest of buyers.
There indeed are many altcoins out there offering good APY and Evmos is one of them. I'd suggest you make your research on Evmos and probably put it into consideration. Believe me, it's worth putting money on.
currently need to review everything carefully, so as not to repeat the Luna case, actually with a large APY does not guarantee that our money is safe,
For me, if I want to save stablecoin to stake, it's better for me to save it in the bank than in the exchange
Among the lowest staking offers giving Apr/Apy is stable coins, until now I have never stained with a stable coin and prefer staking in the dynamic coins, of course this is a risky choice so before you are staking then Dyor. Because staking, although it looks beneficial, but if we are staking in new coins, of course the risk is higher than the staking on the top ranking coins.
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