I haven’t really looked into it and probably won’t stake. Should I? If I have low 4 digits.
Where do you have your Solana. If you have a wallet, you are losing 5-6% APY for not staking, and it’s super easy, at least with phantom , which is the one I use.
If you are holding in Binance or Coinbase, they usually have ways to stake (or “earn”) through the exchange.
If you are holding , it’s much better to stake. How long since you have it? I already accumulated a compounded 20% extra since I’m holding. In the medium term, it’s totally worth it. The next maniac cycle could be 2-3 years away. Maybe more. Of course, next month would be possible that we multiply, but I think that it’s better to be prepared long term.
In summary, if you don’t stake, the inflation is diluting you 5% annually. If you stake, you actually get like 1% real interest (APY - inflation).
It’s super easy. Ask ChatGPT step by step guide
yes
Depends on your needs and goals.
you can easily stake do you hold on phantom also?
You’re losing money due to inflation everyday that you don’t but that’s up to you.
Let’s get this straight those it’s easy to stake anywhere in most wallets
Yes. Very weird.
Not really weird, what I’m doing with my sol is: lend, flip coins and nfts which are the riskiest. If you want less risk, you can do stake or just hodl it
This is what people don’t understand. SOL is not something you hold. It is not a store if value, it is a utility.
Yes you should. Inflation is about 7% per year right now. There’s no risk to staking, just do it.
I’m staking on squads.so now, it’s a multi-sig service for Solana wallets, you can stake there too.
PSA: liquid stake
No . It’s just stupid.
Yes you should stake your SOL in order to earn more (a small %) and it’s risk free. No Brainer