Defi staking is good, the only is how the way some project abused it by giving a crazy APY% like Sushi and AMPL Geyser and many more. This kind of over APY% is already a ponzi scheme. Yes you might get a high return on staking but the problem is the value of token itself. Due to many tokens added on supply from mining, the price of token dump tremendously and the interest you get on staking is not sufficient to cover losses.
But overall the idea of DeFi staking is good. The only problem was some project is abusing it just to create a short term hype on there project.
Topic: Huobi Bitcoin | DeFi Mining - page 2. (Read 271 times)
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I know when you mine Bitcoin you get a fraction of a bitcoin curious what everything thinks of this new development:
Huobi Launches DeFi Mining Campaign Staking Huobi Token / HPT To Share the Reward of Mining.
You stake HT then get Hot Defi tokens and you only need like 100 HT to participate interesting ideas.
Here is the full details if you want to take a look:
https://support.hbfile.net/hc/en-us/articles/900002483406
What do you think about the whole DEFI / Staking situation?
Huobi Launches DeFi Mining Campaign Staking Huobi Token / HPT To Share the Reward of Mining.
You stake HT then get Hot Defi tokens and you only need like 100 HT to participate interesting ideas.
Here is the full details if you want to take a look:
https://support.hbfile.net/hc/en-us/articles/900002483406
What do you think about the whole DEFI / Staking situation?
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