Cardano staking remains more profitable than a traditional financial solution but brings risks because of volatility
might not be the most popular option among cryptocurrency investors. However, it still beats traditional finance by a high margin as staking up to 100,000 ADA will give investors a 30% return in five years, data shows.
Cardano can be staked on various platforms and wallets, including one of the largest centralized exchanges in the world, Binance. Unfortunately, the interest rate on the coin is constantly changing. Some solutions adjust their APY in accordance with the supply locked in staking. Usually, financial entities offer a higher staking rate if investors agree to lock their coins for a certain period of time. With the longer locking period, exchanges offer higher interest, and vice versa. The same rule applies to Cardano staking.A stable income in a certain currency might be a good idea if an investor is trying to build a portfolio based on a stable income. However, staking assets like Cardano, Ethereum or anything else liable to elevated volatility brings a lot of risks.
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