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Questions regarding staking.

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by COINS NEWS 85 Views

I'm considering to finally use a CB wallet for staking (since it's not available on my regular Kraken wallet), and was curious on a few things, mostly if it's even worth doing with the small volume of both SOL and ETH I have. So I guess that's my main inquiry, I know I can just calculate the %APY return and determine that "worth" on my own, but does that % change with the current prices, or the price you start staking at? Is it even worth doing if you've only got say 5-10 SOL coins and less than five thousand in ETH. What are the down sides if you can just un stake at any time? Surely you can't lose money can you? Just get a much lower APY if based on current prices I think? Anyways, just trying to wrap my head around staking and if it's even worth considering at low volumes. Cheers.

submitted by /u/GunnDawg
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