This. There is both pleasure and pain in being greedy lol. You either make it or you break it all. I take small profits but mostly get into staking or liquidity mining. Former on UFARM, latter on ALBT LMaaS. A few on Binance. RIDE on EGLD's DEX. The profits I usually take immediately are on memes like DOGE. And I only Hodl BTC.
Honestly still not buying it as progress. And how long would it even last? For staking there are so many other options. I prefer using DEXes like the EGLD one. Staking RIDE there. UFARM for other alts like ORE. SPOOL for lower risk stablecoin pools. And liquidity mining on POP.
Same. DCAing into ETH, OCEAN, AVAX. Staking on BBANK and UFARM. Stablecoins on SPOOL. But mostly just USDC (APY around 10% for a lower risk spool), only lump sum I put in was when BTC went to 18k.
$UFARM should be a good choice, you can as well stake and earn passive income while hodling.... we offer 36% min Apy and current on our Lp farms you can stake LP tokens with booster and earn 400% Apy at end of stake app.unifarm.co is the solution
Yes. I believe so too. BTC does not seem to be recovering with enough speed at the moment to see a bull market within this year. Maybe 2023, but probably not. The best thing to do now is to utilize your stablecoins to their best ability. Stake them on automated yield aggregators like SPOOL, use platforms like BBANK. Stick to ones that you think are more legitimate. USDC is a good choice. Liquidity mining on platforms like POP is a good way to go. Staking on UFARM. DAOs like AAVE. While we HODL it's important to earn passive income at least until the next halving.
Right. I think that was the wrong term used by OP. But I personally dont think it's a bad idea on the side. Though I stake my alts on Unifarm like UFARM, and DVDX while I wait for their hybrid tokens, gaming to earn isn't that bad an idea
Also, as much as staking is a good passive income and I have seen platforms like UFARM offer a plethora of options, I also feel like projects like SPOOL that you can earn fees with for holding are a good source of passive income too
ETH and BTC would be my two main ones. I'm not too familiar with SYLO, just vaguely heard about it in reddit but for passive income I'd get something like SPOOL to earn fees as a holder or staker and not have ETH gas fees or withdrawal fees unless profits are made. Plus, BBANK at 20% APY and UFARM staking
Lmao well done. This was smart. But truly though, for people like me who stake everything including BTC, UFARM, DVDX and looking into either staking SPOOL or earning fees to hold this is interesting news. Although, it's just a possibility at the moment. Just because the IRS suggested it, doesn't mean the court will rule it
Literally. The goal isn't to depend solely on magical crypto gains but to invest enough with my salary on a monthly basis to retire early with passive income from staking. Have already staked REEF, BTC, ETH and now staking DVDX on UFARM. It won't make me millions but i will have a solid base to my savings.
Yeah, UFARM also have an array of juicy pools one of which is the DVDX pool that offers 36% APY.
That's one way to put it. I prefer actually "staking" alts like UFARM and the likes but have thought about earning fees to hold a DeFi middleware token like SPOOL. Not sure about the returns from that.
I've heard of Freeway very vaguely before. What APY are you getting for BNB? I definitely think staking is a good idea for long term passive income. Like I've staked UFARM, ORO, REEF before. As far as going into a 4 year staking pool with ALBT. But I've yet to get into their Fundrs staking.
They could be. But BBANK has been around a bit longer. They have around 20% on staking. UFARM has been offering a plethora of projects to stake for the past few months and SPOOL is yet to launch in February but already has a name because of it's decentralization and it being permissionless and non custodial. But I'll definitely look into BANK for their use cases. Every project has its own place out here. L
I have heard of BBANK but not BANK. Are they two different projects? For passive income I'm looking into projects that let you earn fees to hold like SPOOL and projects with staking like UFARM.
Harmony One, right? But yeah, profit is profit. The most I made during this dip was with NEAR. Still Hodling my BTC and ETH and waiting for next month to get into SPOOL so it's easier to have my yield calculated and capital adjusted accordingly. Especially because I want to set a risk limit. The rest of them I'm all in on staking. 20% on BBANK, 36% on DVDX, thinking of staking UFARM too and looking into SPDR for web 3.
Same. I've staked BTC, REEF, UFARM, BBANK and now I'm looking into staking SPOOL or earning as a creator. But more because it's automated and calculates yield to adjust capital allocation and get the best benefits.
CKB is a disaster and like the above comment mentioned so was DOGE. If any coins actually have potential it's web 3 ones like DEIP and GRT or ones that have staking Including UFARM and REEF
Probably going to sound like a noob question but how does crypto mining work and is it relatively better compared to staking in terms of earning passive income? I've been staking with unifarm these past few months - UFARM, REEF and DVDX now and earning a good APY (around 43% for the latter) but would love to know about mining.