I recall coming across something that was like once you stake your 1 eth, you'll have 1 steth in your wallet. Apparently you can add that 1 steth to a eth-steth liquidity pool and farm rewards there too. Potentially doubling your yield under the right circumstances.

What are some of the risks with this? Has anyone tried this here? Does that affect your apr time calc as your 1 steth may be split or does it not matter?

Would this same concept apply to other staked coins? Came cross stlink randomly on uniswap/1inch so this might apply to it as well once it opens up

Hey All, Alright so on CDC DeFi app I’m seeing crazy staking APY such as Matic-WEth for 400% via Uniswap and ETH staking rates much higher than what you should see.

What’s the catch with stuff like this? I tend to go with the mentality of if it’s too good to be true it is, but can’t help but wonder when I’m presently getting less than 6% on Matic.

With all the events I would like to remove as much as I can from exchanges into my personal wallets but still confused with how to stake in many of these outside or CRO/ATOM. I understand crypto and DeFi has some inherent risks, I would just prefer to minimize the risks while still staking for some rewards. Crypto winter seems half as bad when I know each day my holding increases.

Edit: thanks for the input. Didn’t understand the logistics of a liquidity pool but now do! Learning this, I want nothing to do with liquidity pools but any suggestions on ways to stake coins like Matic, AVAX, dot etc via normal staking outside of CEXs?

After reading a lot about Staking (I'm in stock for a long time but there is no staking like in crypto) I'm not sure what to do with ETH.

RocketPool seems to be nice because you are in full custody, the ETH is not locked and you do not have to pay fees to an exchange. BUT smart contracts are involved. In fact, I had to grant access to 'unlimited rETH' to join RocketPool. I do not want my assets to be exposed to smart contracts. From time to time I'm checking if my wallet still has Token approvals (someone here explained how to do this).

As far as I can see I have four options:

1. stake on an exchange (nah thanks)
2. stake in RocketPool (but I have to swap it to rETH and its value is secured by smart contracts)
3. stake 32 ETH (will have to find a rich girl first)
4. don't stake at all, because the impact of growth in price will be most important anyway and staking is probably not worth the risk

Do you see another option? Is RocketPool safe and I am too paranoid? Their contracts have been audited, but I don't know if some audited smart contracts have been exploited in the past.

Thanks for reading and thanks for your help!

You can stake at any time, no matter what the situation is. You are either staking or you should be staking. There are many rewards, and minimal risks. Even HODLing is not riskier than this. The rise of cryptocurrency is always a rising tide that lifts all boats, regardless of whether we say, "bear markets" or "bull markets." So, if you have not started staking yet, you are wasting your time and money.

Staking is an easy way to fight volatility and earn some steady rewards while doing it - right now I am really enjoying DAFI's Super Staking - it can be thought of as Staking 2.0, where you get more than simple token rewards. Instead, you receive dTokens which grow alongside the network. As a network becomes more adopted your dTokens multiply in reward quantity. Making it that much attractive in the long term.

Super Staking is available on Binance Smart Chain, Ethereum, and Polygon, which enables developers the freedom to build a sustainable economy on the blockchain of their preference - and a native bridge between all three chains is also available.

So I was watching YouTube shorts this morning before work and saw they have a online class on APY Staking tomorrow night at 8:30pm and the guy claims he makes 20k a month on staking alone. Is it to good to be true or is it worth my time to go ahead and attend the class tomorrow night? Also Does anyone else make a decent amount on apy staking alone and If so what are you're best apy staking money makers (cryptos) that you're invested in. Yes I'm new (we were all new at one time) so don't come at me to hard lol. Any advice or suggestions would be greatly appreciated. Also wanted to ask is there a better trading platform than Coinbase. I used to use Robinhood and webull but now I only use Coinbase. Have a great day guys and like I said any info/advice and suggestions on which APY staking Cryptos are the best to invest my time and money into.

Many who own BCH dont know that there are high paying Yields for this crypto currency.

Option 1:

https://www.gemini.com/earn

There are many traders who are paying top dollar to Borrow BCH and play the markets (gamble basically). They either make way more than their interest rate, or lose way more.

If you dont know how to play the markets, you can take the safer option and lend for interest, to Genesis through Coinbase earn for 5.5% (5.33% daily interest, cumulatively is actually 5.5% if you dont withdraw your earnings)

Pros: Easy to withdraw. Daily interest. Very liquid.

Cons: Rate can change, either higher or lower in the future.

Option 2:

https://grayscale.com/products/grayscale-bitcoin-cash-trust/

Ticker: BCHG an OTC stock run by grayscale. They are holding BCH on Coinbase custody, and are selling BCH 36% below their face value. This is because for now they are not allowing the BCH to be withdrawn, they are trying to convert it to an ETF which would allow withdrawals, or they can simply enable withdrawals in the future if they choose to do so (Im not sure why they arent already).

This rate is 6 and a half times the yearly interest of Gemini earn. So if it becomes an ETF before 6.5 years you still get paid the full yield.

Pros: 6.5 years of 5.5% locked in even if they allow withdrawals earlier, then you just take it out and lend it somewhere else for more interest. Rates cant drop because its locked in.

Cons: to withdraw your profits, they have to either become an ETF, or enable withdrawals, or the market price has to reach parity with spot. You are assigning a 6.5 year window for this at a 5.5% interest rate. If its longer it might have been better to just lend elsewhere

Since the bear market, I’ve basically staked everything I own to generate more passive income. 

Tokens: Ngl I staked Polygon on Stader solely because of its incentives, specifically its high APR ratio (80%). I want to earn as much interest as possible with liquid staking, in which funds remain accessible in an escrow, w/o the lock up period or having to run my own node. Going stable could never go wrong, especially during this market condition.

NFTs: During the bear market, I staked all 3 Azukis on BendDAO and bought another Azuki with my borrowed money. Its floor price was at 9 ETH weeks ago and already rose to 11.4 today. I believe Azuki will bounce back to 20 ETH worth in a year, and there’s no better timing to stock up than the bear market.

Not sure if this is an unpopular opinion, but I think as long as it's a blue chip NFT, it's worth holding for the long term. Of coz the money invested must be your spare money.

In-game assets (Axies): I staked my Axies in MetaLend which still allows me to play with my Axies and earn SLP. While I don't make a lot of money with this game anymore, I wanted to give it a try because using collateral to make consistent profits is an attractive side income. 

I'm now considering buying Forest Land there too, as the prices dropped over 15% in ETH and USD last week. 

Btw I’m open to all forms of staking, feel free to share your recommended protocols and staking strategies

I'd like to get some idea on where this community likes to put it's money into for yield farming.

For me, the key elements I'm looking for are:

- Must be yield bearing in the deposited currency (eg if I deposit USDC or ETH I dont get yield in some odd shitcoin)

- Must be low risk, and have a sustainable yield model

- Ideally a protocol which has been well battle-tested (not one which came out last week with little TVL)

- Has immediate liquidity which doesn't lock me in for ages.

What's your thoughts, gang?

In case you haven't heard, Chainlink staking v0.1 will be launching this December. Personally, I am pumped that staking is coming to Chainlink natively. With everyone screaming "token not needed" - it provides at least some use-case to the average LINK hodler.

According to https://blog.chain.link/chainlink-staking-early-access-eligibility-app/, the requirements for hodlers to stake up to 7,000 LINK tokens are:

1. Held more than 7 LINK on Ethereum Mainnet for at least 50% of the time between May 30, 2019 and June 7, 2022.
2. Held more than 7 LINK on Ethereum Mainnet for at least 90% of the time between August 5, 2021 and June 7, 2022.

This early stake pool will be first-come, first-served and will initially be capped at 25M LINK, with plans to scale up to 75M LINK over time. After that, they plan to open up staking to the general public.

I used the app to confirm that my wallet is eligible, so I plan to stake it the moment I see the email about the pool opening. Anyone else hoping to get in this pool and/or are just excited for a native staking option in the near future? Cause I sure as hell am!

https://twitter.com/frensvalidator/status/1583809706799222785?t=oWifzH37YeskV2-HX_ixgg&s=19

This was just posted by a Cosmos validator speaking to how much power is held by a few of the validators in the various chains in the Cosmos.

I don't post this to scare people away but just as a heads up to those either joining the Cosmos or those already involved DELEGATE OUTSIDE THE TOP 10! It's very important that these numbers become more spread out. There are several very good, active, and helpful delegators that are 50, 60, even #100.

Redelegating is extremely easy and can be done every 14, 21, or 28 days(depending on the chain).

It's also helpful if you're hunting airdrops. Most recently Nomic(bringing trustless BTC to the cosmos) completely discounted any atom, evmos, or osmo that were delegated in the top 20!

GM, friends) So, here's the story.

I live in Europe, all my accounts on exchanges are verified with my ID and I declare my income in cryptocurrencies.

When preparing the declaration for 2022, it turned out that I needed to filter and declare 1611 transactions that were done for staking crypto on exchanges. This is rough as hell and I had to purchase special software that helped me bring this mess into a suitable form to report it to my tax consultant. It cost me 260 euros, the package lasts for 2 years and includes 3000 transactions. P.S the price is already discounted!

Even if I had a software, it took me 4 days in total (my days off) to figure it out completely. I have a good job and if you transfer the time I spent on it into my working hours, you will get quite a lot.

Did staking compensate me for all these expenses? Of course not, I earned about 500 euros in total and now this amount is lower, so I have no choice but to wait for ATH and fix these coins at a better price. I could have better spent these 4 days either on work or rest :)

I have been staking about 20 different tokens at the same time, such as DOT, DASH, BNB, LINK. Sometimes it was approximately 25-30 daily transactions for me. Thousands of transactions can happen a year and you will go crazy if you declare it.

Staking makes sense only if:

1) You stake an amount of 1000 euros, although this is bullshit, I would start from 10000. Then it will be more or less a payback.

2) You do not declare these incomes. I’m happy for you if your country of residence allows you to do so :)

So what I see is that new financial institutions are not adapted to real life. CeFi and DeFi do not have necessary and simple tools to bridge the technologies with documentation. And staking now looks not user friendly and I suppose it can take years to make it a simple instrument for passive income like bank interest.

This period is unique in that you can commit Algos that are already being staked in defi LPs. So you can farm Algos with a liquidity pair of USDC-Algo LP at 10% and commit that pair to governance to earn additional yield from the governance period. If you've ever been curious about defi or want to get involved in Algorand ecosystem, take this opportunity to sign up!

Governance Website

Pera Wallet

Committing Algos Guide

Video Tutorial- Not mine, credit to FrugalBC

Algorand is also the official blockchain of the FIFA World Cup so this may be a nice time to slide into an ecosystem before billions of ears hear about it for the first time starting Nov 16th.

Trying to get everyone's opinions and thoughts about the current Algo governance. From what I understand staking LP tokens gives a much better return but it also have risks involved. The same goes for using defi platforms that give a higher return but have risks as well.

I don't have a big amount of Algo with me and am not sure if it's even worth taking this risk instead of just doing the simple governance through Algorand's official website.

What strategies you guys are following/planning to follow to make the most out of this governance period? Are you splitting some of your Algo between standard custodial governance and some on defi or putting all on one strategy?