Sense

✍️ Topic of the day:

Your thoughts about staking: stable income or hidden risks ?

▫️ Have you had experience with staking, if so what kind of coins ?
▫️ What advice would you give to beginners who are just starting to stake their assets?
▫️ How do you feel about freezing tokens in staking?

4 Best cast will get rewards from @ghostbo4 🎁

Topic of the day:

stable income or hidden risks ?

Understand what staking is and how it works. Watch videos or read guides.
Don’t put all your crypto in one staking pool. Start with what you can afford to lose.High rewards often come with high risks. Look for steady, realistic returns.Choose staking where you can remove your coins anytime.

Staking is like planting a tree you lock your crypto to earn rewards, but the risks depend on how strong the tree (project) is. If the project fails or the coin’s value drops, you can lose money.

While I haven’t staked, popular coins people stake include Ethereum (after it switched to Proof of Stake) and Cardano. These projects are seen as more stable, which makes them good for staking.

When you freeze tokens, it’s like locking a savings account. You’ll earn rewards, but you can’t use your tokens until the lock-up ends. If the market drops, you can’t sell to avoid loss. Only freeze tokens you’re okay holding long-term.
@tylerfoust.eth

Whale of $MOXIE - Owner the best channel /sense

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