I've researched the basics of staking, but learned it can differ depending on the coin/platform. Any pros and or cons to staking LEO on here? Should I stake some, the majority, or all? Thanks in advance #newlion
I've researched the basics of staking, but learned it can differ depending on the coin/platform. Any pros and or cons to staking LEO on here? Should I stake some, the majority, or all? Thanks in advance #newlion
It depends wheter you believe in the platform. I'm staking everything and it'll start accumulating nicely in the background if you stay active and give out those upvotes. 👌
here staking rewards you as "you're involved in the platform"
Staking Leo increase your vote value so when you like someone post, they get rewarded based on your stake and 50% of that share is your reward
Also you can get about 9% APR for staking Leo... 13% if you're premium.
Cons, there's none if you're here for long term..
But if not for long term than you can unstake your Leo that'll be distributed weekly (4 weeks in total to unstake all)
Sounds like I'm staking 100% then, thank you very much for the detailed answer.
staking allow you to give out more of the Leo rewards.
So yes staking will let you stack faster.
but there is a powerdown time.
If your not planning on selling anytime soon the def you should stake.
It generates more returns for your account and gives you a say on what gets rewarded in the community.
Over time your stake will increase and hopefully the value too. It does get locked for a while so if you plan on trading it then not as good but this is a long term game.
Thank you! I don't plan on selling anytime soon. I decided to stake 100% yesterday.