What are the risks associated with non custodial staking in the crypto industry?

1 answers

• Nov 28, 2021 · 3 years ago
  Non custodial staking in the crypto industry carries certain risks that investors should be aware of. One of the main risks is the potential loss of funds due to technical vulnerabilities or hacks. Another risk is the possibility of slashing, which refers to penalties imposed on stakers for engaging in malicious behavior or failing to meet network requirements. Additionally, the crypto market's volatility and the lock-up period of staked funds can result in potential losses during market downturns. It is important to use secure wallets and platforms, stay updated on software, and carefully consider the risks before engaging in non custodial staking.
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