$ETH : Ethereum staking yield is losing to cash rates, so why are investors still lining up?
━━━━━━━━━━━━━━━━━━━━
Ethereum's staking boom looks difficult to justify as an income trade, but the investors committing billions may be playing a different game.
Put €10,000 into Ethereum staking at a 2.2% annual return and, if ETH's price stays unchanged, you'll earn about €220 over a year. That's just €7 more than the same amount would earn at the average rate on new euro household deposits with maturities up to one year, but with Ethereum's price volatility attached to every cent of your investment.
#Ethereum #DeFi
Source - CryptoSlate
━━━━━━━━━━━━━━━━━━━━
Ethereum's staking boom looks difficult to justify as an income trade, but the investors committing billions may be playing a different game.
Put €10,000 into Ethereum staking at a 2.2% annual return and, if ETH's price stays unchanged, you'll earn about €220 over a year. That's just €7 more than the same amount would earn at the average rate on new euro household deposits with maturities up to one year, but with Ethereum's price volatility attached to every cent of your investment.
#Ethereum #DeFi
Source - CryptoSlate
