Topic: Would you stake stablecoins now? - page 5. (Read 1125 times)
I think there is no harm on staking if we stake in reliable platform, the only problem if we stake in the platform that made by scammer and our asset will soon be loss. If we are going to stake we need to be careful and do it in a trusted stakes platform because in this case we give them an access to our asset while we put it in thier platform that was very risky in our part so we need to be careful always.
yeah the TVL(total value locked) can be indicator as well how much people that deposit into that vault.
I actually have try beefy for several time and it work pretty fine to me and after I checked the link that you give above that beefy give two insurance for the vault the insurace.io and nexus mutual i think its safe. but if the APY don't have huge different between Cex you can choose CEX since they regulated by government
UST at the first place was algorithmic that pegged with their native coin LUNA. we should aware of this and try to move to other stablecoin and i think we also need to diversified to other dollar-pegged stablecoin not just focused in one.
I actually have try beefy for several time and it work pretty fine to me and after I checked the link that you give above that beefy give two insurance for the vault the insurace.io and nexus mutual i think its safe. but if the APY don't have huge different between Cex you can choose CEX since they regulated by government
UST at the first place was algorithmic that pegged with their native coin LUNA. we should aware of this and try to move to other stablecoin and i think we also need to diversified to other dollar-pegged stablecoin not just focused in one.
Staking decision is certainly based on its market performance. I know that still there are stablecoins that are worth trusting and profitable.
(.....)
Include the platform where you will stake your stablecoins and the asset you chose. One of the examples here is the UST before with huge APY on Anchor. The APY before was around 20% and when the disaster started to happen to UST, the value of UST is dropping and the drop could reach -20% in just a few hours or a day. It's not worth it, even if you stake to some centralized exchange, you still can't guaranteed how safe they are. (.....)
I don't think staking in stablecoins is worth it anymore, about 1 month ago I withdraw all my investment in stablecoin binance-usdt. not without reason, in my opinion with 10%-15% APY offered but with a fairly large initial fund, I think it is more to be used for other investments that can take bigger profits.
maybe this is not good advice but maybe it can be considered.
I don't see anything wrong in investing in stable coin especially when we don't have anything we are using it for at the moment. For an investor that has large holdings of usdt or other stable cqn stake it and leave it to grow although the APY will be very small not compared to other coins that are not stable coins. maybe this is not good advice but maybe it can be considered.
Since stable coin is pegged to USD and it does not appreciate or depreciate in value then some persons might see it as a weak staking that is never necessary.
Staking decision is certainly based on its market performance. I know that still there are stablecoins that are worth trusting and profitable. Perhaps, we can't generalize that all of them are worthless because of just one of their kind have a scam issue but yes, there are several of them left and MIght that beefy is good. An experienced investor just like you had surely make a research first that is why I see the trust you give this project. All I can see is Goodluck but for me, I still choose BTC and ETH, staking for me is optional.
Beefy is not a well-known platform to stake. UST belongs to Terra we all know what happened to it. There are stablecoins to each platform that you can stake but staking stablecoin right now might not be a good idea since we can see prices are bullish.
We passed to the point of the lowest prices of crypto and converting them USDT to staking coins could be profitable. I bet the majority who have ETH after the merge will consider staking thier ETH even in the exchange pools.
How come? Beefy is one of the largest platforms, personally had no issues. I've also used Supra, but decided to stick to Beefy. While I understand your point regarding stablecoin staking, currently I'd rather not use that money to invest in other coins. I might change my mind later, because I'm ultimately starting to consider buying BTC or ETH but for now, I'll stick to staking. There's always the possibility of losing your investment, even in Bitcoin. I was also staking when BTC reached its ATH. If I had purchased during the dip at $50.000 or even $40.000, I'd be at a huge loss now (over 40-50%). The opposite can happen too, but it depends on whether you want to take the risk or not.We passed to the point of the lowest prices of crypto and converting them USDT to staking coins could be profitable. I bet the majority who have ETH after the merge will consider staking thier ETH even in the exchange pools.
Taking both risk of holding centralized stablecoin and the platform you stake only to earn 10%-15% per year is doesn't worth IMO. I'd say it's better for invest in banks and lock for around 3-5 years since it mostly give you around 5%-10% interest rate and there's a guarantee that your money will be back 100% because of insurance. Holding Bitcoin for long term are better option even though the risk is during dump market.
Since when do banks offer 5-10% interest rate? The most you can get here on timed deposits is 0.03% to 0.10%. I'd rather invest my money on some random coin than deposit it in a bank.
I've been staking stablecoins on Binance and even though the rewards aren't much, they're passive income for me. There is no problem with the reward. I'm sure it will get bigger later because I do auto staking, where when I get the reward from staking, it will stake together in the next staking (correct me if I'm wrong). On Binance, there are several stablecoins you can use to generate more stablecoins and so far, I haven't had any issues.
The only options I've seen for stablecoin saving/staking on Binance are BUSD and USDT (both offering 8%) and USDC which offered 1.2% the last time I checked, please, correct me if I'm wrong. 
Taking both risk of holding centralized stablecoin and the platform you stake only to earn 10%-15% per year is doesn't worth IMO. I'd say it's better for invest in banks and lock for around 3-5 years since it mostly give you around 5%-10% interest rate and there's a guarantee that your money will be back 100% because of insurance. Holding Bitcoin for long term are better option even though the risk is during dump market.
I've been staking stablecoins on Binance and even though the rewards aren't much, they're passive income for me. There is no problem with the reward. I'm sure it will get bigger later because I do auto staking, where when I get the reward from staking, it will stake together in the next staking (correct me if I'm wrong). On Binance, there are several stablecoins you can use to generate more stablecoins and so far, I haven't had any issues.
If you compare the returns from staking and investing you will find that the profit earned is much lower than the return on investment, but if it is compared to the bank's interest rate you will see that it is not a small sum of money. In addition, investing is sometimes risky, not always profitable in the short term. If you have some idle money and do not want to risk investing it, then placing a stake may not be a bad idea for you.
I've been staking stablecoins on Binance and even though the rewards aren't much, they're passive income for me. There is no problem with the reward. I'm sure it will get bigger later because I do auto staking, where when I get the reward from staking, it will stake together in the next staking (correct me if I'm wrong). On Binance, there are several stablecoins you can use to generate more stablecoins and so far, I haven't had any issues.
I don't think staking in stablecoins is worth it anymore, about 1 month ago I withdraw all my investment in stablecoin binance-usdt. not without reason, in my opinion with 10%-15% APY offered but with a fairly large initial fund, I think it is more to be used for other investments that can take bigger profits.
maybe this is not good advice but maybe it can be considered.
maybe this is not good advice but maybe it can be considered.
I also have the same thought, if there are other ways that can generate bigger profits, why do we force staking in stablecoins. It's quite safe to
stake in stablecoins, especially since the platforms we use have a good reputation, we can get passive income too from stake in stablecoins.
The problem is that the profit we make from stablecoins is very small, so it challenged me to take risks with crypto trading. Or if you want to be
safer, investing in coins that have the potential for the long term is much more profitable than staking in stablecoins. But everyone has their own
plans in life, please decide what we feel comfortable doing. If anyone really thinks that staking stablecoins is still worth doing, then go ahead.
Because sometimes what is good for other people is not necessarily good for us. But my opinion is still the same, that staking stablecoins is
a waste of time, because the profit generated is too small.
I will gladly stake my stablecoin if I have a decent amount to stake, in this bear market staking stablecoin may be an option to increase our portfolio but of course, we should choose our stablecoin that has already been stable in the past years like BUSD or USDT. I saw that LUNA and its stable gaining very fast in a short time which I guess it's not healthy for an altcoin.
I don't think there is any safest yield, even what we consider safest as in irl banks they get bankrupt. Would go with — put money in yield you can afford to lose.
Beefy is not a well-known platform to stake. UST belongs to Terra we all know what happened to it. There are stablecoins to each platform that you can stake but staking stablecoin right now might not be a good idea since we can see prices are bullish.
We passed to the point of the lowest prices of crypto and converting them USDT to staking coins could be profitable. I bet the majority who have ETH after the merge will consider staking thier ETH even in the exchange pools.
yes
i will rather stake my stable Coin, because, is not the best time to invest in any token, till next bull run
i will rather stake my stable Coin, because, is not the best time to invest in any token, till next bull run
No one knows at what point the market will become bullish, for this reason, investors have already started buying coins that have lost 95% of their value. Therefore, now is not the best time for staking stablecoins, since this money should be used to buy coins.
People can choose what they think is more profitable because it is their money. And hopefully, they can accept every risk that will arise later.
It is possible not to choose. But to use, including as a diversification, the variant with stablecoin staking. I am of the opinion that stablecoins should always be present in an investor's portfolio, regardless of the trend. This will help you react to different market situations and buy out suddenly cheap or new coins. If you have stablecoins in your portfolio, why not make them bring in at least a small profit as long as you hold them. I don't see anything wrong with that, as long as the staking pool isn't on a centralized exchange
It's the same as you are only halfway to making decisions, don't really take decisions, even if you talk about someone's strategy it's not enough to say you're proficient, trading is a matter of luck or not someone is in making decisions, because it will make you panic in the future. day, so if you really want to dive deeper then, do it according to your ability and experience as a true trader..
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yes
i will rather stake my stable Coin, because, is not the best time to invest in any token, till next bull run
i will rather stake my stable Coin, because, is not the best time to invest in any token, till next bull run
No one knows at what point the market will become bullish, for this reason, investors have already started buying coins that have lost 95% of their value. Therefore, now is not the best time for staking stablecoins, since this money should be used to buy coins.
People can choose what they think is more profitable because it is their money. And hopefully, they can accept every risk that will arise later.
It is possible not to choose. But to use, including as a diversification, the variant with stablecoin staking. I am of the opinion that stablecoins should always be present in an investor's portfolio, regardless of the trend. This will help you react to different market situations and buy out suddenly cheap or new coins. If you have stablecoins in your portfolio, why not make them bring in at least a small profit as long as you hold them. I don't see anything wrong with that, as long as the staking pool isn't on a centralized exchange
I have staked USDT but the platform where I've staked it has lowered its APY by 2%.
People can choose what they think is more profitable because it is their money. And hopefully, they can accept every risk that will arise later.
Well, we have no choice but to accept the risk that it has. In my case, I understand the risk and it's an amount that I afford to lose even if it's quite high already which I can use for something else. But this is an investment, as they say, "no pain, no gain". And that's where I'm coming from and why I'm taking the risk because I know that someday it's worth it. 
yes
i will rather stake my stable Coin, because, is not the best time to invest in any token, till next bull run
i will rather stake my stable Coin, because, is not the best time to invest in any token, till next bull run
No one knows at what point the market will become bullish, for this reason, investors have already started buying coins that have lost 95% of their value. Therefore, now is not the best time for staking stablecoins, since this money should be used to buy coins.
People can choose what they think is more profitable because it is their money. And hopefully, they can accept every risk that will arise later.
It is possible not to choose. But to use, including as a diversification, the variant with stablecoin staking. I am of the opinion that stablecoins should always be present in an investor's portfolio, regardless of the trend. This will help you react to different market situations and buy out suddenly cheap or new coins. If you have stablecoins in your portfolio, why not make them bring in at least a small profit as long as you hold them. I don't see anything wrong with that, as long as the staking pool isn't on a centralized exchange
The Luna activity was not accepted one and it should not compared to reduce the value of staking.Stake of coin was good one by the traders for the long run profit.If you had staked the good coin for the long run,it was sure that people earn 100 percentage as a return from staking.The big whales use the staking of bitcoin and use the correct time to reduce the price of bitcoin any time.So staking is best way for the holding of good coin for longer period.
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Activity: 2912
Merit: 541
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yes
i will rather stake my stable Coin, because, is not the best time to invest in any token, till next bull run
i will rather stake my stable Coin, because, is not the best time to invest in any token, till next bull run
No one knows at what point the market will become bullish, for this reason, investors have already started buying coins that have lost 95% of their value. Therefore, now is not the best time for staking stablecoins, since this money should be used to buy coins.
People can choose what they think is more profitable because it is their money. And hopefully, they can accept every risk that will arise later.
yes
i will rather stake my stable Coin, because, is not the best time to invest in any token, till next bull run
i will rather stake my stable Coin, because, is not the best time to invest in any token, till next bull run
No one knows at what point the market will become bullish, for this reason, investors have already started buying coins that have lost 95% of their value. Therefore, now is not the best time for staking stablecoins, since this money should be used to buy coins.
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