Hi all, I have a question about staking. My EGLD are currently staked via the Maiar app in the Binance staking pool with APR of ~9.81 %, I choose this pool with lower APR due to feeling safer staking with the brand Binance (due to all the negative press such as Celsius and Voyager). How safe is it to stake with a random pool with higher APR?
You can't lose your EGLD to any of them as it is in a smart contract, but if you leave staking it's a 10 day unbonding period where you won't receive rewards. So in this case picking Binance makes no difference
One thing to consider is how well each provider is on top of doing node software updates.
When new updates are released, it's sometimes critical to get them done quickly, and the timing of updates coming out is driven by the Elrond project's needs, not so much the validator's needs. Often it's not a convenient time for any given staking service provider, but they still have to get it done because it's important for the functioning of the blockchain, and consequences of not getting it done quickly often can result in jailing of nodes which aren't updated.
You can't lose your EGLD to any of them as it is in a smart contract, but if you leave staking it's a 10 day unbonding period where you won't receive rewards. So in this case picking Binance makes no difference
One thing to consider is how well each provider is on top of doing node software updates. When new updates are released, it's sometimes critical to get them done quickly, and the timing of updates coming out is driven by the Elrond project's needs, not so much the validator's needs. Often it's not a convenient time for any given staking service provider, but they still have to get it done because it's important for the functioning of the blockchain, and consequences of not getting it done quickly often can result in jailing of nodes which aren't updated.