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How comfortable are you with staking 'somewhere'

avatar of @karinxxl
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@karinxxl
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2 min read

Defi is booming and it is hard to get around it at the moment. Everybody seems to be sending their precious crypto to adresses which seem to pop up always every day. But with all the scandals in mind which have passed over the years already the question rises: How safe it your staking?

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We all know this statement which is the foundation is all we have been taught over over crypto experiences:

Not your keys, not your crypto

Don't keep your crypto on exchanges, doublecheck who you are sending your stuff to, trust no one and all those other statements. All of a sudden they hardly seem to apply here, because everything and everyone is entirely into defi and staking.

But I hardly see any difference in some of these staking events and sending your money to a staking place. Isn't this staking place the equivalent of your shady bank around the corner who is offering those most ridiculous interests?

Isn't losing everything in $sushi tokens the same as a startup which you 'park' your money at?

Am I just a little bit to scared now and not going ahead with my time and is this the future, and am I thinking like my grandmother now and not trusting online banking? Or am I missing something entirely? If I send my funds of coin X and some additional ethereum to 'an' adress of some team who is offering major returns, where do these returns come from?

And who are these people, and can they be held accountable for anything? Or can any chef just run out with the tokens and claim they are being used for reason X

Don't get me wrong I really want to be into the game, but I am also not really willing to lose it all because my greedyness has gotten to me. Just think a second before you make your next move, that is all I am saying!

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