Thanks for the info I want to get into this staking but it looks complicated and unsure on which coins to use.
not every coin offers staking. atom and its ecosystem does cuz its built on proof of stake. but ones like bitcoin don't. eth has staking since its being converted to proof of stake but the coins are locked until eth 2.0 is released so thats a longer holding period. Staking is basically like getting an interest on your coins, but higher than what a traditional bank account gives you. just so happens that they have unbonding periods to release your coins from the validators. Coinbase has staking for cosmos at 5%, which isn't too bad, tho you can get better thru a wallet. but it doesn't make you eligible for air drops or to vote for any governance in the ecosystem, like new upgrades, how other coins would be used, changes to liquidity pools, and other stuff. you don't control your coins on a centralized exchange. of course the unbonding period is a big factor as well. I been in Atom since it was around like 4 or 5 bucks, wish i would've got in sooner, so its easier for me. but finding a cheaper coin is better for beginners starting out. they got a new one called chihuahua on osmosis swap that also has a high apr, like over 400%. its been dipping now with the rest of the market but was close to hitting a penny before that. Might be a good place to start and just throw some money in it and keep compounding rewards as you go along. other ones that offer staking are Juno but that ones like almost $20 and not sure about the others if they offer high apr. other ecosystems might have staking or high % liquidity pools like FTM but thats not on coinbase and harder to come by, tho they are on binance now. Staking helps cuz it gives you added tokens whether the market runs or dips. I liked Atom cuz of the whole connecting the blockchains thing they been working on thru out the time I first heard about them. But staking is good for any coin that has potential.
Here's a good article I just came across.
15 Best Staking Coins in 2022 - MoneyMint
Top 9 Staking Coins for 2021
Some I have heard of, others I haven't. I do have this video saved that I enjoy from a well known youtube crypto guy.
Talks a bit about staking and other options available.
This other video explains staking in more details and is a channel I recommend with lots of info on various crypto topics. Plus they make it easier with how their videos are setup in a white board setting.
Of course any crypto is volatile. One that is stable that I like is UST. Even tho stable coins do have their doubters and nothing is for certain with this government. But it does follow the US dollar pretty closely and I have some in Anchor Protocol which gives me over 19%. Not bad for a coin that follows USD and pays much higher than a traditional bank account. Maybe the APR gets lowered one day but I'm taking advantage for the time being. My goal is to just make enough off crypto staking and interest to get by without having to get a job again. Maybe even get some property to rent out and get more passive income. Whatever helps. Even just surviving with the bare minimum is good enough for me. The big mansions or penthouses, lambos, and all that may or may not come, but just knowing I have enough to survive each month without suffering is good enough for me.
Anchor
