walletbeat

Some wallets use the label "staking" to refer to the act of handing over your coins to a custodian who will turn around and stake them.

Is this label correct? Staking may have been the user's goal, but the "handing over the coins" part feels too critical to not be reflected in the action's label.

Am I off-base here?

Just Build

Ok I know this is a base space but damn iota with moveVM on the nightly wallet is an incredible experience 

Smooth lighting fast really awesome

This is the video that brought me to this observation.

It calls this action "Regular staking", but doesn't seem regular at all to me.
It also goes as far as calling this action a "position", which feels even further removed from what "staking" actually means.

Contributor @ /walletbeat.

Censorship resistance requires privacy.

Maybe this calls for a "custodial staking transparency" /walletbeat attribute that rates whether wallets inform users about the risks and trust assumptions they are making as they use such features.

This is the video that brought me to this observation.

It calls this action "Regular staking", but doesn't seem regular at all to me.
It also goes as far as calling this action a "position", which feels even further removed from what "staking" actually means.

https://warpcast.com/whatax/0x2eab4c6e

interspace.fi via sequence. pimlico. poap. polygon. metamask. paxful. flipside crypto. dash. bridgewater. darpa. secdef. navy. dia. linktr.ee/alexanderchopan

Say that a local bank offers good mortgage loans, it's their bread and butter.
You open a savings account at that bank.
You download their mobile app and push the button to add money to your account.
Would you expect this button to be labeled "mortgage lending"?

if they get staked, imo, it is staking. 'how' it is done, is just implementation.

This is true, but even as a solo home staker maxi, I can acknowledge that some dependencies are illegible to me. Yes, it's basically UI sugar hiding a swap. But I'm not as offended b/c staking always means 'something is at stake' i.e. you are taking on some risk to get some reward. The only question is what & where do the risks come from?