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First time staking cosmos: what you should know

First Time Staking Cosmos | Canadians Grapple with Mixed Opinions

By

James O'Connor

Apr 27, 2025, 04:36 PM

Edited By

Fatima Zahra

Updated

Apr 28, 2025, 06:38 PM

2 minutes to read

A new investor looking at a screen displaying Cosmos cryptocurrency staking options with a thoughtful expression.

A growing coalition of Canadians is diving into Cosmos, with many expressing varied opinions on staking methods. A newcomer revealed they purchased 100 tokens for staking, sparking discussions about optimal strategies in the current crypto climate.

New Insights on Staking Strategies

A recent user on a forum shared their intention to invest regularly, adding 100 tokens each week to their stake. While some users advocate for central exchanges like Bitbuy, others argue that using self-custodial wallets may yield better Annual Percentage Rates (APR). A participant noted, "There's not really an amount but def. you can use self-custodial wallets to stake."

Conversely, some are not pleased with current APR rates, highlighting a growing frustration. One contributor commented, "Joined u lot at the start with a massive bag still going great but the APR is making me sad now."

Exploring Ecosystem Benefits

Users are eager to explore projects within the Cosmos ecosystem post-staking. Participants are encouraged to try out various projects like Osmosis, Neutron, and Elys after staking. One enthusiastic member mentioned:

"Would love to invite you to try using a publishing platform we are building for creators and communities within the Cosmos eco!"

This reflects an ongoing interest in not just earning but also engaging with the overall technology behind Cosmos.

Community Goals and Sentiment

The conversation around staking highlights diverse objectives among participants:

  • Long-term holders aim to average down their investments.

  • Passive income seekers are urged to invest more initially to tap into higher rewards.

  • Suggestions for wallets like Keplr and Leap emphasize control over assets.

Despite some frustrations with APR rates and the performance of centralized platforms, the overall mood remains optimistic. Participants are excited to learn from each other and adapt their strategies, signaling a strong commitment to enhancing their crypto experiences.

Key Insights

  • 🔑 Many prefer self-custodial wallets for improved APR.

  • 📈 Frustration over current APR levels is noticeable among users.

  • 🔍 Exploration of projects in the Cosmos ecosystem is encouraged after staking.

As interest in staking grows among Canadians, those involved are eager to refine their strategies and navigate the complexities of this new investment landscape.