Is crypto staking profitable? What is the downside of staking?

Let's find out

It will mainly depend on the Crypto you are staking and the way it is done.

Some Cryptos have a nice rate of return when staking (with Neo you can get 8–14% staking reward in GAS depending on how you do it.

Cardano is also a coin which holder love to stake.

If you respect the locking period usually there is not a big risk, just the volatily risk of the asset.

There might be some other non native staking protocoles that might involve lending your Cryptos, this can be a bit more risky.

An other risk of staking is when you stake in a node trying to cheat or do illegals operations then you may be santioned as a part of the node and then lose amount or all of your Staked Crypto.

Last but not the least, if you Stake in a Liquidity pool your assets can be subject to impermanent loss, and when you unstake you might not have earned as much as you would have by just holding the Crypto.

So in order to be profitable Staking must be done cautiously.

My contacts

Telegram:@Cryptomastertgm

Email: snguy56@gmail.com

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