I understand the reasoning behind having a long unstaking period. The platform wants to stop people from quickly pulling out their tokens and selling them off. But waiting 29 days to unstake seems way too long.
Even if they cut it down to 10 days, that would still make you miss most good selling opportunities. This is especially true for CRO since it doesn’t have the strongest market performance compared to other coins.
I actually have quite a bit of CRO in my wallet that I got from various sources. I would really like to stake these tokens and earn some passive income from them. But the current unstaking period makes me nervous about locking up my funds for so long.
Instead of staking, I’m keeping my CRO tokens liquid so I can sell them when the price hits a good level. If Crypto.com reduced the unstaking time to around 10 days, I would definitely consider staking my holdings long-term. The current system just doesn’t work for traders who want flexibility.
the 29-day lockup killed my enthusiasm too, but after getting burned trying to time the market, i staked half my bag anyway. yeah, it’s annoying, but CRO doesn’t pump that hard, so i’m probably not missing much. the rewards beat my terrible trading skills anyway lol
I agree that the 29-day unstaking period can be a barrier for many users. My approach is to stake a portion of my CRO while keeping a significant amount liquid for trading opportunities. This strategy helps me balance earning rewards and maintaining flexibility in a fluctuating market. Additionally, given CRO’s relative stability compared to other cryptocurrencies, the risk of missing out on opportunities may be less than anticipated. It’s crucial to find the right balance to suit your trading style while still benefiting from staking rewards.
That’s interesting about the 10 day timeframe - have you checked what other platforms do for unstaking periods? I’m curious if there’s a technical reason crypto.com picked 29 days or if it’s just random.
I’ve been in the same spot with some holdings and the psychological part is huge. You’re right that 10 days would still make you miss most pumps, but 29 days just feels so much worse.
Here’s what I’m wondering though - are you tracking CRO’s movements closely enough to know if you’d actually miss significant gains during those 29 day windows? Sometimes we overestimate how often those perfect selling opportunities actually happen, especially with less volatile coins.
Also, have you done the math on staking rewards vs trading gains? If CRO’s giving decent APY, how often would you need to nail those selling opportunities to beat just holding and staking?
Not trying to push you either way, just curious about your thinking since I’m wrestling with the same decision!