Posted by Anonymous
May 17, 2025
1 answer
Posted by Anonymous - May 17, 2025
Honestly, it kinda surprises me people want to stake their own money to backstop a protocol like Moonwell, but I get the logic. A lot of folks in crypto are kinda addicted to earning passive income or feeling like they're "part of something." Staking seems like easy money, especially for people who already trust the project and want to support it. You get rewards for taking on some risk, so it feels like you're both an investor and a security guard for the whole project.
But, yeah, it's not just free money. Like, if the protocol gets wrecked by a hack or some massive market crash, you could lose your staked tokens. Some people just accept that because the rewards are juicy or because they feel early and want to help the project succeed. I guess some people just love rolling the dice.
Personally, I don't like the idea of risking everything for a few rewards. But if you're really into Moonwell and believe it'll survive, staking feels like a way to show loyalty and maybe cash in on the risk. It's like being an insurance company; you get paid for taking someone else's risk. Just gotta know what you're signing up for.
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