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17692151 No.17692151 [Reply] [Original]

Is it safe to stake $600,000 worth of link on crypto.com. $48,000 a year would be pretty comfy. If they go belly up I guess I’d be pretty fucked though. Anyone have experience with their service?

>> No.17692160

i fart a lot

>> No.17692178

>>17692151
eh they lowered the rates from 6% to 4% which i don't think 1% is worth the return for 3 months of staking

>> No.17692206

That is a really bad risk reward. Might as well just msrket buy $600,000 of btc and wait for it to go up 8%

>> No.17692253

>>17692178
Why would it be 1% if they offer 4%?

>> No.17692381

You'd have to pay taxes because they report everything to the IRS

Just hold and wait until collateralized loans be come a thing

>> No.17692436

>>17692151
Just hold. Don’t risk. In the future there will be 100% trusted places to stake without fear of shutting down. I am talking as big as banks are.

>> No.17692920

what about using aave/lend?

>> No.17692943

>>17692151
Stay away from this shit anon, it's not worth the risk, specially because Link staking will probably be coming out this year

>> No.17693130

>>17692253
4% ANNUAL interest. you can stake for 90 days to get that percentage. 4 divided buy 4 quarters is 1%

>> No.17693236

>>17693130
Ah duh thanks

>> No.17693343

>>17692151
>$48,000 a year would be pretty comfy.
>If they go belly up I guess I’d be pretty fucked though.
>Anyone have experience with their service?
Yeah I do, the getting pretty fucked kind of experience, be careful, losing so much money can easily lead to suicide, it sounds like meh but when it actually happens to you it will be really bad.

>> No.17693570

>>17693343
what happened?

>> No.17693707

>>17692151
I use it, I don't have my full holdings on it. But it's really nice earning interest on my LINK. They're decreasing rates but it's a good idea until staking rolls out.