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Author Topic: What factors do you consider before staking?  (Read 1075 times)

Offline libert19

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Re: What factors do you consider before staking?
« Reply #30 on: May 28, 2024, 12:03:50 PM »
I am staking few IBC coins ($ATOM, $OSMO, $TIA, $DYM) purely for purpose of airdrops, $ATOM and $OSMO being significantly down from their ATH prices also played some part in having them.

There is one other I stake which is $HIVE — the native coin of Hive ecosystem (https://hive.blog), I hold it there to delegate to other users and recieve delegation rewards, without delegating you can just hold HP into your account and it gives you power within Hive ecosystem proportional to Hive Power you hold. For example, more HP you have, the more your upvote and downvote will be worth.

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Re: What factors do you consider before staking?
« Reply #30 on: May 28, 2024, 12:03:50 PM »

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Offline armanda90

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Re: What factors do you consider before staking?
« Reply #31 on: May 28, 2024, 01:39:52 PM »
I am staking few IBC coins ($ATOM, $OSMO, $TIA, $DYM) purely for purpose of airdrops, $ATOM and $OSMO being significantly down from their ATH prices also played some part in having them.

There is one other I stake which is $HIVE — the native coin of Hive ecosystem (https://hive.blog), I hold it there to delegate to other users and recieve delegation rewards, without delegating you can just hold HP into your account and it gives you power within Hive ecosystem proportional to Hive Power you hold. For example, more HP you have, the more your upvote and downvote will be worth.
Staking coins above for receiving airdrop has any APY reward or pure only staking? I am interested stake some coins above exactly when have lower price because many kinds of airdrop eligible for ATOM, TIA, DYM and OSMO coins staking but right now looks not any hype during last several months ago.
For vote coins has possibility earn airdrop and last month I vote with project of JUP coins but the airdrop receiving not worth yet behind as new project or first time launching vote event. I think for the future any new airdrop for staking some coins above and worth behind decreasing of price coin staking.

Offline libert19

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Re: What factors do you consider before staking?
« Reply #32 on: May 28, 2024, 05:06:05 PM »
I am staking few IBC coins ($ATOM, $OSMO, $TIA, $DYM) purely for purpose of airdrops, $ATOM and $OSMO being significantly down from their ATH prices also played some part in having them.

There is one other I stake which is $HIVE — the native coin of Hive ecosystem (https://hive.blog), I hold it there to delegate to other users and recieve delegation rewards, without delegating you can just hold HP into your account and it gives you power within Hive ecosystem proportional to Hive Power you hold. For example, more HP you have, the more your upvote and downvote will be worth.
Staking coins above for receiving airdrop has any APY reward or pure only staking?

Yes, for staking you do get apy reward.

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Re: What factors do you consider before staking?
« Reply #33 on: May 29, 2024, 09:49:22 AM »
I am staking few IBC coins ($ATOM, $OSMO, $TIA, $DYM) purely for purpose of airdrops, $ATOM and $OSMO being significantly down from their ATH prices also played some part in having them.

There is one other I stake which is $HIVE — the native coin of Hive ecosystem (https://hive.blog), I hold it there to delegate to other users and recieve delegation rewards, without delegating you can just hold HP into your account and it gives you power within Hive ecosystem proportional to Hive Power you hold. For example, more HP you have, the more your upvote and downvote will be worth.
Staking coins above for receiving airdrop has any APY reward or pure only staking?

Yes, for staking you do get apy reward.
Staking is an interesting passive income feature that has a lot of benefits. I've been actively staking in the Cosmos ecosystem for airdrops. I've also explored platforms like Bitget Earn to stake USDT and ETH (flexible and good APYs). My advice would be to DYOR on APR comparison and choose the better one while doing a deep dive on the platform. Someone in the thread shared a picture comparing platform APYs, and I think that should help in deciding which is beneficial to you.

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Re: What factors do you consider before staking?
« Reply #34 on: May 29, 2024, 01:36:22 PM »
With an expected huge pump in a few months, I would pick the flexibility as the top of my list (next to security). You don't want a pool with a lock in period at this point in time. The rates are probably uniform across major pools and, if not, those that offer higher APY/APR will lower their offer sooner or later. I doubt a pool can maintain a high rate for a long time.

Offline libert19

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Re: What factors do you consider before staking?
« Reply #35 on: May 30, 2024, 05:42:24 PM »
I am staking few IBC coins ($ATOM, $OSMO, $TIA, $DYM) purely for purpose of airdrops, $ATOM and $OSMO being significantly down from their ATH prices also played some part in having them.

There is one other I stake which is $HIVE — the native coin of Hive ecosystem (https://hive.blog), I hold it there to delegate to other users and recieve delegation rewards, without delegating you can just hold HP into your account and it gives you power within Hive ecosystem proportional to Hive Power you hold. For example, more HP you have, the more your upvote and downvote will be worth.
Staking coins above for receiving airdrop has any APY reward or pure only staking?

Yes, for staking you do get apy reward.
Staking is an interesting passive income feature that has a lot of benefits. I've been actively staking in the Cosmos ecosystem for airdrops. I've also explored platforms like Bitget Earn to stake USDT and ETH (flexible and good APYs). My advice would be to DYOR on APR comparison and choose the better one while doing a deep dive on the platform. Someone in the thread shared a picture comparing platform APYs, and I think that should help in deciding which is beneficial to you.

I don't like centralized staking platforms, idk why, I'd rather go with coins that have native staking and stake there (mentioned few of those in quoted statement). It just feels safer,  even if price dumps to zero, you you don't lose your coins  :P

 

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