thing? I found this during my searches and was wondering what this guy was talking about when he says "And on that note, if you CAN sell them, why aren't people just pouring money into the ones offering 100%+ APR and then swapping?"
https://www.reddit.com/r/cosmosnetwork/comments/s5ih7z/questionsstrategy_on_staking_atom_vs/
It is because Cosmos ecosystem dynamics. Atom is the main assets at Cosmos. Let’s say “Interchain Money” Osmo and Juno airdropped to Atom stakers and many more. For now, Juno and Osmos like many others have high apy because they are young chains. I can’t give to you any financial advice which one should be at staked. As you can see many comments there was under the post. There is two important upgrades which will affect Atom value. One is Liquid Staking Other one is Interchain Security Let me share it with you details of them.
Must read carefully this one 👆
Liquid Staking ; https://liquidstaking.finance/
When I was telling you that you should keep in touch with community means join also other projects channels and Learn more to understand better whole system. Self research is very needed to make better decisions for your investments.
of course. I'm in so many diff communities rn that its overwhelming haha. I should cut some shitty ones out to join these new better ones. I appreciate the help! I'll stick around and lurk/learn
Also each has different purpose at Cosmos. Stargaze for example, Interchain marketplace and social network. Also has around %85 apy. But it doesn’t mean that you have to stake just Stars. But Stargaze is another very important chain which is needed at Cosmos as others.
I totally understand to you and really time is not enough to catch all details from different networks. I live with Cosmos and still can’t cAtch all updates.
Also please aware of scammers at telegrams. No cosmos support,no wallet support! If someone DM to you,block and report it immediately⚠️⚠️⚠️
Also please do not invest your money just because of airdrops. Airdrops are just gifts to community members and a way to create new communities.
Haha Airdrops are def a big incentive but ya I getcha. I've been exposed to cosmos a few times over the past year and each time shrugged it off but finally feeling good about it now. I guess I should have tried to engage with the community more lol
😂
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