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Topic of the day:
Your thoughts about staking: stable income or hidden risks ?
Staking can be both a stable income stream and a venture with hidden risks, depending on how it’s approached. On one side, staking offers predictable rewards and a way to grow assets passively by holding them in a wallet or locking them in a protocol. It’s like earning interest in a savings account, but instead of money, you’re earning more crypto. On the other side, there are risks like price volatility, platform security issues, or sudden changes in staking rewards that can make it tricky.
Yes, I’ve had experience with staking. I’ve staked coins like doge coin and shiba inu. Each has its own mechanism, reward rate, and lock in period, so it’s important to read the details carefully before committing.
Freezing tokens in staking is like putting your money in a fixed deposit you can’t touch it until the term ends.
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