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Durkin Tactical Franklin Armory
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Posted: 5/1/2022 2:41:13 PM EDT
Who among you has tried this Staking of your crypto coins?  How does this work and is it worth doing?
Link Posted: 5/1/2022 3:27:55 PM EDT
Link Posted: 5/1/2022 4:31:14 PM EDT
I have Algorand staked, which isn't really staked technically.  You just have to hold for a period and vote once on protocol changes.  I think I had around 2700 coins in governance and received roughly 50 Algo in return last quarter.  It will be down from that next period, but I plan on just letting them ride in governance until the coin goes to zero or the moon.  We're closer to zero now

I chose not to stake my ETH because I want to be able to sell if the price goes crazy around the merge if that ever happens.  Seems like people did really well who staked early though.
Link Posted: 5/1/2022 5:23:44 PM EDT
Link Posted: 5/1/2022 5:28:43 PM EDT
Just heard the term, "Staking" and I have some coins, so figure my BTC is just hanging around 40K, so might I make some money while I wait.  Just started looking at U-tube videos to learn how to make this happen.  Glad to hear others have tried it.
Link Posted: 5/1/2022 5:32:31 PM EDT
Thanks for responding, as I thought I was the only one interested in making interest on coins sitting in wallets, just waiting for them to go up in value.
Link Posted: 5/1/2022 5:48:46 PM EDT
Lots of coins offer staking, with returns in the 3-6% range.

I stake ETH on Coinbase at around 3.5%, and its locked until the mege happens, which is fine, because I don't plan to sell it.

Stake ADA (4.5%) and SOL (5.5%) on Exodus wallet, those can be staked and unstaked in a day or two, so the funds aren't locked for a long time. I'm bullish on ADA and SOL, so im buying all I can at these prices

ATOM offers great returns on Coinbase too(5%), but I only have a small amount, under $1k.

All of them are down in value compared to last year, but 1 ETH is still 1ETH, and when the prices rebound, ill have more if it.

Link Posted: 5/8/2022 1:53:07 PM EDT
I stake ICP using their network nervous system.
Looking at 28% apy.
Link Posted: 5/8/2022 2:04:27 PM EDT
Discussion ForumsJump to Quoted PostQuote History
I stake ICP using their network nervous system.
Looking at 28% apy.
View Quote

I stake GNS for a share of the gainsnetwork profits. 40-120 APY on GNS and 10-20% apy on dai.

The GNS pays out from minting but the token is highly deflationary and I compound daily and grab cash when needed.
Link Posted: 5/26/2022 11:10:13 PM EDT
I had NuCypher staked, 2k in tokens, something like 25% APY during the staking period.  Price was up, went way down, came back up, I hit the staking period end, pulled the stake and sold.

Total gamble, could have gained more, but odds are I should have lost more.
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