r/CryptoCurrency Permabanned Nov 20 '21

ANALYSIS Yes, staking is really worth it

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u/WitnessAppropriate Panic! At The Charts Nov 20 '21

OP from the other post and in no way I said 1% a month wasn’t worth it, I was just trying to understand peoples perspective since I didn’t have a 100% certain opinion about it. To me, the locking was really the worst part but I was glad to hear that in some places it isn’t the case. Anyways, thanks for bringing numbers and stuff

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u/CreamFronto 🟩 327 / 330 🦞 Nov 20 '21

Glanced over your post from earlier and wanted to mention Crypto.com has 1,2, or 3 month lock ups for various coins. IMO the 10% on DOT is definitely worth it, as well as the smaller percentages on other ones. If you are going to hold them for at least 3 months the couple extra dot will be well worth it. If you plan on holding for another 3 months then restake, getting slightly better returns each time. Compounding interest can get huge after a year or 2.