I haven’t really looked into it and probably won’t stake. Should I? If I have low 4 digits.

  • GranPino@alien.topB
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    1 year ago

    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

  • jnmxcvi@alien.topB
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    1 year ago

    You’re losing money due to inflation everyday that you don’t but that’s up to you.

  • b-turp@alien.topB
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    1 year ago

    Let’s get this straight those it’s easy to stake anywhere in most wallets

  • Grei0x@alien.topB
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    1 year ago

    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

  • NotYourMom132@alien.topB
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    1 year ago

    This is what people don’t understand. SOL is not something you hold. It is not a store if value, it is a utility.

  • aNutSac@alien.topB
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    1 year ago

    Yes you should. Inflation is about 7% per year right now. There’s no risk to staking, just do it.

  • 4KTDaveWyn@alien.topB
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    1 year ago

    Yes you should stake your SOL in order to earn more (a small %) and it’s risk free. No Brainer