Earning rewards via an APR for staking your crypto is something that has not been around for that long and is fairly new to most crypto investors unless you were on a blockchain like Hive.
The main benefit of staking is you are earning rewards 24/7 without having to trade so when the market is boring without much happening you are still earning. These rewards are added to the stake using the compound interest growth method which as we know is very powerful over time.
It is not necessarily looking for the project with the best APR but selecting projects that you know will be worth far more over time price wise. The APR on these projects may not be as high but the overall value should be significantly more if you have selected wisely.
Obviously getting involved in a project early on has far more upside due to price action compared to a crypto that is already seen as holding value, but then there are higher risks involved. Not every project is going to make it with some being adopted for their tech and presumably many missing out. This is the unknown factor where the real wealth lies and why continuous research on whatever investments you have is a must.
having multiple investments staked gives you the better odds of success eliminating the all eggs in one basket scenario. One would have to be seen as unlucky having 10 decent sized investments staked and not one of them going on to fulfil their true potential. Again this is why staying informed weekly on what is taking place cannot be ignored as these are the basic requirements of achieving your dream results. Everyone has the same opportunities and this is on you if things done turn out the way you are expecting them to happen. There is no entitlement here and why doing your own portfolio research not following and copying others is the way to go.
When we look at the crypto cycle the majority of the time we see a sideways movement which is comforting knowing the stake is growing ignoring whatever the market is doing. The dollar value may drop which it is almost certain to do due to the volatility and nature of crypto ,but at the end of the day the market does bounce back revealing the dollar growth.
Crypto could not be easier with so many options out there today offering decent staking rewards. Some like the list above offer varying APR for either delegating, staking or running a node. I am not technical enough to consider the second option and tend to keep things simple.
I have to admit even knowing how compounding works through being on Hive for a long period of time I am still in awe when I see the growth taking place. Knowing each and every day you have more than yesterday and tomorrow more than you had today is kind of reassuring knowing the values being generated.
take the time and choose the crypto projects wisely and you will succeed with a little patience allowing the compounding to take place. Over a full cycle you will be amazed at what one can achieve which should in theory set you up for life as these are skills that others still need to learn. Staking puts you out in front ahead of the game and heart warming knowing some day you will make it.