From a Celsius fool who received 27 cents to the dollar back... Don't stake on custodial services!

While my story thankfully is over, the haircut I took because I "trusted" Celsius is about 27 cents to the current dollar. A 70% recovery of the dollar amount established at the depths of BTC this run.

(And to make it very clear, I absolutely blame myself for this as nobody forced me to deposit my coins or keep them in there but me.)

A costly yet valuable lesson and something I'd love to "pay forward".

Yes, I can imagine we all want to earn interest on our Bitcoin if nothing else to just have more (we can't have enough).

But the systems just aren't there yet. The lack of any sense of regulatory safety (dirty words, I know) means that coins are simply subject to their own TOS that can change at a whim and does nothing for you as a consumer

No matter the "military grade" security or insurances, it doesn't matter when shit truly goes down. An apology and a "sorry we fucked ya" is all you will get.

Personally, I would only ever begin to "trust" fully regulated organizations and even then, as a far as I can throw 'em.

True, non custodial, true risk free interest bearing assets, imo, as of this moment, are simply not possible, in terms of Bitcoin. (So no, I'm not advocating for Bitcoin "banks", just saying that government backed insurance to me still carry a bit more weight, I'm not a total anarchist ????)

I've seen a few posts mentioning yield and staking on custodial services or CEX's and please, consider the risks.

Take it from someone who fucked around and found out, ultimately, for the relatively small amount of money you'll think you make, it's genuinely not worth the risk.