Im looking for passive ways to earn yield daily weekly ? - page 2.

Bigcitytiger

newbie

Activity: 35

Merit: 0

Quote from: bitmover on May 20, 2024, 11:54:36 AM

Quote from: Bigcitytiger on May 19, 2024, 07:21:55 AM

Daily /weekly ?
What Are the risks and rewards what about NEXO it's safe enough to stake or earn yields there ?
any good places for usdt and usdc to earn what are the roi daily weekly ?
In otherwords Im looking ways to put my money on work.

I recently discovered that https:// blackjack.fun offer an investment plan.

You can put your bitcoin to work there for 15% APY (yearly income).

I added about 1000 usd in bitcoin there recently.

That being said, I would risk most of my BTC stash in any lending service

Definately Im not gona use that and wait one year in one year i could make with dca myself decent profit.
And one year it's too long i would use my bank for this not crypto where funds not guaranteed by insurance of goverment rules and regulations.

bitmover

legendary

Activity: 2352

Merit: 6089

bitcoindata.science

Quote from: Bigcitytiger on May 19, 2024, 07:21:55 AM

Daily /weekly ?
What Are the risks and rewards what about NEXO it's safe enough to stake or earn yields there ?
any good places for usdt and usdc to earn what are the roi daily weekly ?
In otherwords Im looking ways to put my money on work.

I recently discovered that https://blackjack.fun offer an investment plan.

You can put your bitcoin to work there for 15% APY (yearly income).

I added about 1000 usd in bitcoin there recently.

That being said, I would risk most of my BTC stash in any lending service

examplens

legendary

Activity: 3444

Merit: 3469

Crypto Swap Exchange

Blackjack.fun casino offers 15% off yearly on staking. There is no minimum investment.
They have been in business for a long time, but you should definitely be careful with any platform you entrust money to.

tabas

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

Quote from: Bigcitytiger on May 19, 2024, 07:21:55 AM

Daily /weekly ?
What Are the risks and rewards what about NEXO it's safe enough to stake or earn yields there ?

You are giving them full custody of your funds and your entire fate relies on them. So, if they end up the same thing as the other platforms that have gone out of business because they can no longer sustain their interest to their users and creditors, they may go out of business anytime and will just file Chapter 13 which is bankruptcy.

Quote from: Bigcitytiger on May 19, 2024, 07:21:55 AM

any good places for usdt and usdc to earn what are the roi daily weekly ?
In otherwords Im looking ways to put my money on work.

Most exchanges have the stable coins deposit and they have an earn feature with that. It's likely around 4%-11% or even more depending on the exchange but I have given you the number and that changes. But the risk is there, and you have an idea that you don't own your crypto anymore if it's on them but yes, it is being projected on your account.

Wakate

hero member

Activity: 1134

Merit: 535

fillippone - Winner contest Pizza 2022

Quote from: Bigcitytiger on May 19, 2024, 07:21:55 AM

Daily /weekly ?
What Are the risks and rewards what about NEXO it's safe enough to stake or earn yields there ?
any good places for usdt and usdc to earn what are the roi daily weekly ?
In otherwords Im looking ways to put my money on work.

These questions get be answered by you if you are ready to do your own research. I don't think that it is everything one have to answer on this platform when we can always get the answer somewhere else. If you have some funds somewhere any you have that intension to stake USDT so you can earn APY that would be a good move but you would earn more if stake enough USDT so that you can earn more rewards. If you want to earn more APY staking your coin, I would advise you to buy good tokens that has high APY so that you can earn high rewards especially when you are staking huge amount.

Orpichukwu

sr. member

Activity: 644

Merit: 369

Quote from: Solosanz on May 19, 2024, 07:55:15 AM

NEXO should be lucky that they able to survive till now, since few years ago there are many lending platforms insolvent e.g. BlockFi, Celsius, and Voyager. With those few cases, the risk is really big, I don't think it's worth to risk your money there. You're better off looking staking on smart contract or on very popular centralized exchanges to reduce the risk.

Nexo is really a strong lending platform. I believe part of the reason why they are still active today is how they treat the business; they don't joke with their collateral at all; you can't take a loan from them with any and any how tokens or coins; they always accept only the once's they approve, which I believe must be assets that have values in the market and can be traded at anytime without stress.

Nexo has also not recorded any hacks or exploitation attacks that I know of that most DEFI projects have encountered, which have led to most of them shutting down.

Saint-loup

legendary

Activity: 2604

Merit: 2353

Quote from: Bigcitytiger on May 19, 2024, 07:21:55 AM

Daily /weekly ?
What Are the risks and rewards what about NEXO it's safe enough to stake or earn yields there ?
any good places for usdt and usdc to earn what are the roi daily weekly ?
In otherwords Im looking ways to put my money on work.

you should find out about the story of some custodial lending platform like Celsius or Blockfi before considering investing into one of them. They go bankrupt and their customers lost all their funds till now. It's better to look for decentralized liquidity pool of Defi platforms or GambleFi ones IMO. How much money in USDT/USDC would you like to invest first? Usually earnings are not guaranteed neither stable, but if you prefer centralized platforms I would look for solid and reputed exchanges like Binance Blockchain.com or Kraken. They are less likely to close their doors than lending platforms IMO.

Eternad

hero member

Activity: 1260

Merit: 607

Leading Crypto Sports Betting & Casino Platform

Quote from: Bigcitytiger on May 19, 2024, 07:21:55 AM

Daily /weekly ?
What Are the risks and rewards what about NEXO it's safe enough to stake or earn yields there ?
any good places for usdt and usdc to earn what are the roi daily weekly ?
In otherwords Im looking ways to put my money on work.

Most of exchange especially Binance offers a passive earning in daily basis. So far, Staking on launchpool is the most profitable when stablecoins is involved since it has FDUSD staking with APY compared normal stablecoin staking.

Binance launchpool staking becomes popular since they feature popular new project that frequently pump on initial listing that gives a chance for a higher profit when you get the rewards tokens from staking.

You have limited choices for better APY if you are using stablecoins since CEX and DeFi offers almost close to each other.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

You have 2 choices.

Centralized exchanges (Binance/Coinbase/etc):

Risk of exchange hacks and/or exchange insolvency — https://chainsec.io/exchange-hacks/
Requires AML/KYC
You can probably lawyer up when problems arise

Decentralized lending platforms(Aave/marginfi/etc):

Risks of smart contract exploit — https://chainsec.io/defi-hacks/
Doesn't require AML/KYC
You're merely trusting the code that's written to not have faults

In the end, up to you. DYOR/NFA, you know the drill.

cryptoaddictchie

legendary

Activity: 2240

Merit: 1375

Fully Regulated Crypto Casino

Quote from: Bigcitytiger on May 19, 2024, 07:21:55 AM

Daily /weekly ?
What Are the risks and rewards what about NEXO it's safe enough to stake or earn yields there ?
any good places for usdt and usdc to earn what are the roi daily weekly ?
In otherwords Im looking ways to put my money on work.

I am doing defi yield projects such as dojoswap on Inj network. I feel like its more passive as the percentage apr % is quitr high and the tokens are moving the same on the LP pool dojo/inj. But you could stick on stablecoin to farm it as well but the earnings are much lower the only risk is the IL which is inevitable but it getting compensated on your harvest tokens.

Odohu

hero member

Activity: 546

Merit: 516

Quote from: Awaklara on May 19, 2024, 08:01:41 AM

staking stable assets will not be profitable. and most won't make a good enough deal for you. most platforms will not provide good offers for staking. If you find one that's good enough and provides a large ROI, I suspect it's likely to end up being a fraud scheme.

just a suggestion, use your USDT to buy Bitcoin but that's for the long term. Never think you will get big returns from any asset in the short term. unless you are lucky in memecoin.

I quite agree with you on this as I have assessed the profitability of staking of stable coins, it is not just worth it. In many exchanges, the annual ROI is as low as 7% and I begin to wonder how people are able to shoulder such risk, locking their assets in a CEX that is prone to hacks and other security risks, for a mere 7% ROI. NEXO offers higher APY but the failures of similar platforms makes me apprehensive. Hence, CEX seems to be more acceptable to people.

Instead of taking this part, I rather put my USDT in Bitcoin just like you suggested, that way I'll be relaxed that I'm in control of my funds and the gains can even be far above 7%.

dzungmobile

sr. member

Activity: 854

Merit: 424

I stand with Ukraine!

Quote from: Bigcitytiger on May 19, 2024, 07:21:55 AM

What Are the risks and rewards what about NEXO it's safe enough to stake or earn yields there ?
any good places for usdt and usdc to earn what are the roi daily weekly ?

When you send your money to a platform, lock it there, to earn yield, you take risk.

The risk is from that platform, it will use your money to do something you don't know. They don't have money printing machine to simply receive your money, lock it 1 week, 1 year and have extra money to pay you. They must use your money to do something, risk is there and if they do stupid unsafe things, and lose money, their platform can go bankrupt and you will lose your money.

If you have money, buy bitcoin, hold it in your open source non custodial wallet. You will get passive profit with bitcoins, if you can hold it a long time.

Awaklara

hero member

Activity: 1218

Merit: 692

staking stable assets will not be profitable. and most won't make a good enough deal for you. most platforms will not provide good offers for staking. If you find one that's good enough and provides a large ROI, I suspect it's likely to end up being a fraud scheme.

just a suggestion, use your USDT to buy Bitcoin but that's for the long term. Never think you will get big returns from any asset in the short term. unless you are lucky in memecoin.

Solosanz

hero member

Activity: 952

Merit: 662

NEXO should be lucky that they able to survive till now, since few years ago there are many lending platforms insolvent e.g. BlockFi, Celsius, and Voyager. With those few cases, the risk is really big, I don't think it's worth to risk your money there. You're better off looking staking on smart contract or on very popular centralized exchanges to reduce the risk.

I didn't know the good places for USDT or USDC, but in Binance you can stake FDUSD to earn coins for free (launchpool).

Bigcitytiger

newbie

Activity: 35

Merit: 0

Daily /weekly ?
What Are the risks and rewards what about NEXO it's safe enough to stake or earn yields there ?
any good places for usdt and usdc to earn what are the roi daily weekly ?
In otherwords Im looking ways to put my money on work.

Topic: Im looking for passive ways to earn yield daily weekly ? - page 2. (Read 338 times)