What’s your take on Solana Staking ?

In the fast evolving space of DeFi, i’ve seen different opportunities come up every now and then but something interesting unfolded on Solana that i missed checking out. It was this protocol, Fragmetric that allows users to stake $SOL, stablecoins and other assets while keeping them liquid for use in DeFi applications.

Instead of locking assets away, users get to receive a liquid token like $fragSOL representing their stake. This token can then be moved around, deployed in dApps, and still earn rewards like staking yield.

Personally, i’ve realized so far that as Solana ecosystem grows, more projects are offering liquid restaking, i mean Solayer also offered the same utility. Should we see this as a norm just like how Ethereum L2 projects mostly offer same solutions ?

ByteRoll said:

Instead of locking assets away, users get to receive a liquid token like $fragSOL representing their stake. This token can then be moved around, deployed in dApps, and still earn rewards like staking yield.

Personally, i’ve realized so far that as Solana ecosystem grows, more projects are offering liquid restaking, i mean Solayer also offered the same utility. Should we see this as a norm just like how Ethereum L2 projects mostly offer same solutions ?

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Hey there! Your post definitely caught my eye. Lately, I've been leaning more towards passive income in crypto, and staking seems like the perfect fit for that.

My main concerns are always the profit size and token reliability. SOL is a great choice, but it only gives around 5% APY. As for the token you get from Fragmetric, where exactly can you stake $fragSOL? It seems like nobody really needs $fragSOL yet, so why take that kind of risk?

Listen, I'm currently getting 4x more income staking TRX on Cryptomus than I would from staking SOL. Considering TRX hit new highs in June while SOL dropped 50% in the last six months, don't you think it's time to steer clear of the Solana blockchain altogether?

If you are here for the next 4 years to see another bull season then it's the best

If you use steakin', only steblecoins. My opinion.

Crytononame said:

Hey there! Your post definitely caught my eye. Lately, I've been leaning more towards passive income in crypto, and staking seems like the perfect fit for that.

My main concerns are always the profit size and token reliability. SOL is a great choice, but it only gives around 5% APY. As for the token you get from Fragmetric, where exactly can you stake $fragSOL? It seems like nobody really needs $fragSOL yet, so why take that kind of risk?

Listen, I'm currently getting 4x more income staking TRX on Cryptomus than I would from staking SOL. Considering TRX hit new highs in June while SOL dropped 50% in the last six months, don't you think it's time to steer clear of the Solana blockchain altogether?

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We can’t steer clear off Solana ecosystem as it’s still one of the most active in crypto.
As for FRAG it’s building a real DeFi utility on Solana which is worth watching closely. And additional to fragSOL, we can also get more rewards for staking through FRAG launchpool on Bitget. From my experience, i’ve earned much from past launchpools so I’m definitely joining this one

Remember, Higher APY always = Higher RISK!

ByteRoll said:

We can’t steer clear off Solana ecosystem as it’s still one of the most active in crypto.
As for FRAG it’s building a real DeFi utility on Solana which is worth watching closely. And additional to fragSOL, we can also get more rewards for staking through FRAG launchpool on Bitget. From my experience, i’ve earned much from past launchpools so I’m definitely joining this one

Click to expand...

Okay, so in my book, staking rewards are all about the APY. Your screenshot shows a big fat dash there. Am I getting this right, you're earning staking rewards in... shitcoins? Makes sense, I guess. You stake shitcoins, you get shitcoins back. Perfect symmetry.

Yes, we can see this as a norm like how Ethereum L2 projects offer similar solutions. It is good for users to have more options for keeping their assets liquid while earning rewards in the fast-growing DeFi space. Solana ecosystem seems to be expanding rapidly with projects like Fragmetric and Solayer offering liquid restaking solutions. It will be interesting to see how this trend continues in the future.