I’m looking into staking some coins to earn some passive income. I plan to hold my coins long term so having immediate access is not necessary.
I’m see several validators to choose from. Some offer a crazy amount of interest as high as 87% with some offering 1% plus a % as a fee.
I’m avoiding the “too good to be true” validators for obvious reasons, but I’d like to know how one can learn what to look for before I choose between them.
What are some of the pro’s and con’s of choosing a validator.
Also, is it wise to choose more than one validator to stake your coins with?
The old “putting all your eggs in one basket”.
Lastly, what are some of the risks involved in staking?
Any help in this area is appreciated.