Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Solana Forum => Topic started by: CryptoBun on February 22, 2025, 12:08:19 PM
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As a trader, i don’t focus on trading alone, i explore different options to maximize my earnings. It’s like following the “do not put your eggs in one basket” advice and i must admit it has been a good experience so far.
I asked about restaking on here the other day and someone mentioned how they benefited from staking $LAYER in a launchpool or so, it kinda piqued my interest which led me to do a little bit of research. Along the line, i realized exchanges offer rewards for staking Solana and i thought instead of leaving SOL idle in one’s wallet, it’ll be best to use the opportunity especially now that SOL keeps dipping.
Personally, i plan to lock some SOL to get BGSOL, as it’s the one with highest liquidity and if you ask me, i’d say using this strategy to maximize has never been wrong.
(https://i.ibb.co/35JqR5PN/1-E6-C4-AE2-D4-F3-46-BE-B9-C0-7-EE15-CA39-A5-E.jpg) (https://ibb.co/5X7yKXJ8)
Though, projects on Solana blockchain has a whole has been thriving regardless of the SOL downtrend but i think we’ll see it shooting up soon. Anyways, what do you think about this strategy? Do you see yourself grasping it ?
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Since Solayer already did their airdrop, I put my Solana to work in another place, I'll show you but please, do your own research first ok?
I'm using Fragmetric right now
https://app.fragmetric.xyz/restake/
(https://i.ibb.co/BVtxDxDW/fra.png) (https://ibb.co/JRK4L4L6)
They are paying 10.32% in your SOL
And you will receive points according to your value there
When you deposit SOL you receive an LST called FragSol, and you can put this FragSol on Kamino or Orca to receive 2x more points
When you have a points system, there's an airdrop, and you will probably get a good airdrop after some time
So you can gain in stake and in airdrop, in my opinion it's a good opportunity
I'm using the service, but please research first and looks if this strategy is good to you
I'm not earning in referal or nothing from the service
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It takes in-depth research and confidence in the choice because of the fear of income beyond our thoughts, in my opinion if sraking on sol there will be many benefits and advantages where as we know sol always holds airdrops, whether from transactions, holding back sometimes the prizes are difficult to predict
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Staking is an advantage for people holding cryptocurrencies that mostly make use of the proof of stake mechanism. However people making use of networks that use something like proof of work for example bitcoin network don't have the opportunity to stake their coins in most cases this is because majority of Bitcoin staking websites out there are usually scams.
Also for some reason I noticed that solana stick in seems to be more popular amongst a majority of altcoins. And also their APR is quite high on most staking sites.
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Since your goal is diversification, although investing in altcoins is not considered diversification, it is an opportunity to explore better investments and may achieve higher profits. You have to remember that many CEX give you high expected profit numbers, but when the closing ends, the return is much lower.
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Staking is an advantage for people holding cryptocurrencies that mostly make use of the proof of stake mechanism. However people making use of networks that use something like proof of work for example bitcoin network don't have the opportunity to stake their coins in most cases this is because majority of Bitcoin staking websites out there are usually scams.
Also for some reason I noticed that solana stick in seems to be more popular amongst a majority of altcoins. And also their APR is quite high on most staking sites.
Estimated APY of SOL staking is about 8%, quite high compared to ETH but much lower than other staking programs in this market. I don't have much SOL to stake so I rarely care about this option.
I hold a few other tokens and I'm also staking to get some extra income while waiting for the bullrun this year. I have reduced the staking period to 30 days instead of 120 days as in 2024. I am ready for any market fluctuations so that I can take profits as soon as needed ^^
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Estimated APY of SOL staking is about 8%, quite high compared to ETH but much lower than other staking programs in this market. I don't have much SOL to stake so I rarely care about this option.
I hold a few other tokens and I'm also staking to get some extra income while waiting for the bullrun this year. I have reduced the staking period to 30 days instead of 120 days as in 2024. I am ready for any market fluctuations so that I can take profits as soon as needed ^^
Well that's quite a nice strategy for someone who's actually trying to reduce the risks of holding some altcoins. Basically shorter staking periods work best if you are not too sure of market fluctuations. At this point of the general crypto market most people are actually scared that they may be a general retracement in contrast to the general bull we experienced after trump was elected.
It seems many cryptocurrencies are in a retracement right now and that means opting in for shorter staking periods will give you an edge if you don't wish to hodl longer if price drops very much.
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Personally, i plan to lock some SOL to get BGSOL, as it’s the one with highest liquidity and if you ask me, i’d say using this strategy to maximize has never been wrong.
What do you mean never been wrong? Are you referring to your experience with staking or is there research on how effective a staking strategy is compared to other methods? If it's the latter I'm interested to see how the research is done. It would be interesting to see which metric people use to judge investment effectiveness. I don't recall seeing one published about Solana, or crypto.
I stake some of my bags and farm with the others. With how flexible some staking is I think trying multiple platforms can be worth it if fees are reasonable. CMIIW.
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Since Solayer already did their airdrop, I put my Solana to work in another place, I'll show you but please, do your own research first ok?
I'm using Fragmetric right now
https://app.fragmetric.xyz/restake/
I’ll take a look at this one. I usually just park my USDC on a lending platform paying 8% to 15% (apr has been lacking since the price went down a bit). But it might be worth to borrow some SOL and use it to farm this protocol plus a few others. For sure the yield will be higher than 15% annually, what I can get with my usdc and nothing more. ;D
Airdrop season also cooled down a bit, though.
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It takes in-depth research and confidence in the choice because of the fear of income beyond our thoughts, in my opinion if sraking on sol there will be many benefits and advantages where as we know sol always holds airdrops, whether from transactions, holding back sometimes the prizes are difficult to predict
Definitely, staking on Sol has multiple benefits, I’m also more interested in it because of its steady growth but concerning research…i do that a lot which is why i decided to stake for the BGSOL rewards. I’m very careful about staking because some don’t give enough rewards or reduce the stipulated amount on the long run.
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It takes in-depth research and confidence in the choice because of the fear of income beyond our thoughts, in my opinion if sraking on sol there will be many benefits and advantages where as we know sol always holds airdrops, whether from transactions, holding back sometimes the prizes are difficult to predict
Definitely, staking on Sol has multiple benefits, I’m also more interested in it because of its steady growth but concerning research…i do that a lot which is why i decided to stake for the BGSOL rewards. I’m very careful about staking because some don’t give enough rewards or reduce the stipulated amount on the long run.
hmm, this is worth trying, because I have staking in one of the coins when I want to release the staking it requires extraordinary funds so I just leave it until the reward from staking can cover the cost of releasing the staking
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Since Solayer already did their airdrop, I put my Solana to work in another place, I'll show you but please, do your own research first ok?
I'm using Fragmetric right now
https://app.fragmetric.xyz/restake/
I’ll take a look at this one. I usually just park my USDC on a lending platform paying 8% to 15% (apr has been lacking since the price went down a bit). But it might be worth to borrow some SOL and use it to farm this protocol plus a few others. For sure the yield will be higher than 15% annually, what I can get with my usdc and nothing more. ;D
Airdrop season also cooled down a bit, though.
Since you're expert in DeFi and protocols, give your opinion after you know more about this protocol hehehe
It's a good strategy to lend USDC or USDT and borrow SOL to work for you
I did this to borrow some JitoSol instead of buying, this is one of the best uses for Lend and Borrow, work with a coin that you don't need to buy
Better if you use Kamino and try the 3rd season of airdrop ;D
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hmm, this is worth trying, because I have staking in one of the coins when I want to release the staking it requires extraordinary funds so I just leave it until the reward from staking can cover the cost of releasing the staking
You may have staked SOL on the Sol network and still receive rewards when unstaking. On Binance, when unstaking SOL ahead of schedule, users will need to wait a few days and receive less SOL, exactly the amount of original SOL minus the staking rewards they received. This does not create a loss, but it often prevents users from unstaking ahead of schedule.
If an investor knows how to trade and does not focus on airdrops from new projects in the SOL ecosystem, he will rarely stake his SOL in the long term. SOL has had large price fluctuations, for example, a 45% drop from 295 USD to 160 USD, meaning that stakers did not receive rewards equal to the depreciation of SOL in the market. I only save tokens on Binance so that I can sell whenever I need to.
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For now, I don't have enough money to stake, I'm still waiting for the bearish moment to fill my wallet with SOLANA and stake... my preferred coins are coins with high liquidity, so the final income is twofold, namely from the SOL price gain and also from the top coins that I get...
That will probably happen in Q4 2025 and my planned staking is 2 years... waiting for the bearish moment so that we can get more SOL... for the platform that I use until now I haven't thought about it... however, I see SOLANA has good potential for the long term. That's why it's appropriate to add this coin to your wishlist..
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eth
solana
usdc
usdt
are basically best used by staking and getting higher interest the say their dollar gets.
the issue is all of the coins above can be cloned and diluted products happen.
So become more valuable it eth goes to 3000 then 4000 then 5000
solana goes to 100 then 200 then 300
seems great collect interest and have the coin go up in price.
guess what others see this and more and more and more pos stakable coins get created. this dilutes your eth price and your solana price.
Pow have a barrier to entry the gear. so cloning willy nilly is harder to do.
last I looked there are more than 10,000 pos coins.
does not work and sucks the value out of bigger coins like eth or solana.
times look bad.
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hmm, this is worth trying, because I have staking in one of the coins when I want to release the staking it requires extraordinary funds so I just leave it until the reward from staking can cover the cost of releasing the staking
You may have staked SOL on the Sol network and still receive rewards when unstaking. On Binance, when unstaking SOL ahead of schedule, users will need to wait a few days and receive less SOL, exactly the amount of original SOL minus the staking rewards they received. This does not create a loss, but it often prevents users from unstaking ahead of schedule.
If an investor knows how to trade and does not focus on airdrops from new projects in the SOL ecosystem, he will rarely stake his SOL in the long term. SOL has had large price fluctuations, for example, a 45% drop from 295 USD to 160 USD, meaning that stakers did not receive rewards equal to the depreciation of SOL in the market. I only save tokens on Binance so that I can sell whenever I need to.
Well, that's what I'm afraid of if there is a price drop, that's why I think about how many times to do staking, and I'm afraid that when I suddenly need money, if it's on the exchange, at least even if I lose, I don't owe other people who often charge interest (loan sharks).
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Well, that's what I'm afraid of if there is a price drop, that's why I think about how many times to do staking, and I'm afraid that when I suddenly need money, if it's on the exchange, at least even if I lose, I don't owe other people who often charge interest (loan sharks).
Flexible Saving might be a better option for your crypto assets that you might need to sell in the short term. For example, if I have 10 SOL, I can stake 8 SOL, and leave 2 SOL in Flexible Saving even though its APY is significantly lower. It can help me feel more comfortable and proactive for any unexpected events.
As I said, the rewards from staking are also very small compared to the hundreds of percent increase in the price of SOL. Staking is sometimes just a way for holders to hold more firmly, they will have to consider and be more cautious before wanting to trade instead of holding.
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Well, that's what I'm afraid of if there is a price drop, that's why I think about how many times to do staking, and I'm afraid that when I suddenly need money, if it's on the exchange, at least even if I lose, I don't owe other people who often charge interest (loan sharks).
Flexible Saving might be a better option for your crypto assets that you might need to sell in the short term. For example, if I have 10 SOL, I can stake 8 SOL, and leave 2 SOL in Flexible Saving even though its APY is significantly lower. It can help me feel more comfortable and proactive for any unexpected events.
As I said, the rewards from staking are also very small compared to the hundreds of percent increase in the price of SOL. Staking is sometimes just a way for holders to hold more firmly, they will have to consider and be more cautious before wanting to trade instead of holding.
staking causes downward pressure on the rise of any big staking coin.
Ie both ETH and Solana are showing signs of the downward price pressure.
We have serious issue with the eth and solana they are sucking each other downwards price wise and worse yet a clone of either coin is only a possible announcement away (conjecture that may be true or not)
Until BTC rises up again we have issues.
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Well, that's what I'm afraid of if there is a price drop, that's why I think about how many times to do staking, and I'm afraid that when I suddenly need money, if it's on the exchange, at least even if I lose, I don't owe other people who often charge interest (loan sharks).
Flexible Saving might be a better option for your crypto assets that you might need to sell in the short term. For example, if I have 10 SOL, I can stake 8 SOL, and leave 2 SOL in Flexible Saving even though its APY is significantly lower. It can help me feel more comfortable and proactive for any unexpected events.
As I said, the rewards from staking are also very small compared to the hundreds of percent increase in the price of SOL. Staking is sometimes just a way for holders to hold more firmly, they will have to consider and be more cautious before wanting to trade instead of holding.
staking causes downward pressure on the rise of any big staking coin.
Ie both ETH and Solana are showing signs of the downward price pressure.
We have serious issue with the eth and solana they are sucking each other downwards price wise and worse yet a clone of either coin is only a possible announcement away (conjecture that may be true or not)
Until BTC rises up again we have issues.
Is that problem very serious? It seems very scary that the problem that arises from Sol and ETH, BTC goes up and creates problems, goes down and makes problems more confusing for this coin in my opinion
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staking causes downward pressure on the rise of any big staking coin.
Ie both ETH and Solana are showing signs of the downward price pressure.
We have serious issue with the eth and solana they are sucking each other downwards price wise and worse yet a clone of either coin is only a possible announcement away (conjecture that may be true or not)
Until BTC rises up again we have issues.
I agree that staking has many benefits, such as creating decentralization and reducing the amount of active circulating supply on the market. However, from an investor's point of view, holding is also a way to reduce selling pressure, while not missing the opportunity to take profits at the most appropriate time. As I know, when a staker wants to unstake SOL, he needs to wait 1-3 epochs ~ 2-4 days to receive SOL back.
SOL price has had a fairly strong price correction and many stakers are regretting not being able to take profits when the SOL price was above 250 USD. I hope the market will soon grow again and push the SOL price to 500 USD or 1000 USD this year.
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SOL price has had a fairly strong price correction and many stakers are regretting not being able to take profits when the SOL price was above 250 USD. I hope the market will soon grow again and push the SOL price to 500 USD or 1000 USD this year.
Instead of reducing the amount of SOL in circulation, the incentive from SOL will actually be another threat when the staking period is over.. so I think it's balanced, between selling pressure and buying pressure... SOL will remain stable even though the number of stakers increases....
After experiencing a slight recovery, I think it will continue to reach $170 in the near future... considering that SOLANA will also experience an unlock period until April, the price of solana will find it difficult to reach $500 until May 2025...
Of course our hope is that the price will increase in Q4 2025 after using up the unlocked solana..
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After experiencing a slight recovery, I think it will continue to reach $170 in the near future... considering that SOLANA will also experience an unlock period until April, the price of solana will find it difficult to reach $500 until May 2025...
Of course our hope is that the price will increase in Q4 2025 after using up the unlocked solana..
Is Q4 really the era of altcoin season? because I read several times in the post, some say that altcoin season will really happen in Q4. but this is also tricky, there is no guarantee for that.
And for SOL, we all hope that this coin will always go up and have a high value. At least, leaving its rival BNB to continue to go up, it just seems to be a very tight competition. So, now we know how SOL is actually quite good to go back up, it's just that the market conditions are like this
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From what I have read, it seems that staking is the best way to take advantage of your HODLed SOL. Maybe there is some other type of coin that would be worthy of staking. It's a nice time to buy more SOL as well, but I'm hesitant about how it will be, knowing that it's known as the network for meme coins.
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From what I have read, it seems that staking is the best way to take advantage of your HODLed SOL. Maybe there is some other type of coin that would be worthy of staking. It's a nice time to buy more SOL as well, but I'm hesitant about how it will be, knowing that it's known as the network for meme coins.
A few months ago, Telegram has become the blockchain of these new meme coins, but Solana took it over because of pump.fun. I expect that it will happen in the future with another blockchain out there. We don't know which blockchain is it, but I predict that there will be another blockchain out there where meme coins can be created and that will be the new home for these shitcoin meme coin.
Aside from Bitcoin, I'm not holding any altcoins that I can't stake. I mean I want to maximize the coin so instead of just holding it and waiting for the token to appreciate in order to make profit, why not just stake them. You're holding and at the same time, earning as well. Of course, we need to do a research as well and don't just pick a staking coin that gives around 100% APR. For me, SOL is a good long term coin, and around the so-called "Ethereum Killer" projects out there, I believe SOL is the closest one.
As for another type of coin that would be worthy of staking, I'm a bit bias with this one so I'll pick Cosmos ATOM. :D