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Hammer · 08-01-2022, 09:48 AM

I think people that are deeply in to crypto understand the risk. But realistically most retail just jumps in without the necessary attention to detail and research. Hence why so many bought in 2021 and got crushed.

My take is that when the market is healthy to go after yield using a large exchange is low risk. To do it on a smaller platform in a Bear market is high risk.

I have chased the yield in the past, but I tend to go for short lockups. Strangely they often give better yields than long term lockups. I don't see the point of locking up your ADA for a year to get 12%. Firstly the risk of the platform blowing up, but also so if there is an upswing you can't sell.

I staked BNB and received 52% and 55% respectively. Also AXS which I got 104% on over 90 days (so 104/4 =26%).

08-01-2022, 09:48 AM	#165
Hammer College Prospect Join Date: Sep 2005	I think people that are deeply in to crypto understand the risk. But realistically most retail just jumps in without the necessary attention to detail and research. Hence why so many bought in 2021 and got crushed. My take is that when the market is healthy to go after yield using a large exchange is low risk. To do it on a smaller platform in a Bear market is high risk. I have chased the yield in the past, but I tend to go for short lockups. Strangely they often give better yields than long term lockups. I don't see the point of locking up your ADA for a year to get 12%. Firstly the risk of the platform blowing up, but also so if there is an upswing you can't sell. I staked BNB and received 52% and 55% respectively. Also AXS which I got 104% on over 90 days (so 104/4 =26%).