What is DeFi Staking in Crypto? | Bitcointalksearch.org

Stoaz

newbie

Activity: 61

Merit: 0

Quote from: beyond11 on May 17, 2024, 11:39:32 PM

My question is: What is DeFi Staking in Crypto and How to find a Safe DeFi Staking platform in order to make passive income on crypto assets?

Thanks for your answers!

Defi staking like to earn interest or apy by locking up crypto platform. To find it platform staking, I suggest find platform with good reputation or security audit verification. or you check whitepaper or anything in website or telegram if have it.

btc78

full member

Activity: 2520

Merit: 214

Eloncoin.org - Mars, here we come!

Quote from: beyond11 on May 17, 2024, 11:39:32 PM

My question is: What is DeFi Staking in Crypto and How to find a Safe DeFi Staking platform in order to make passive income on crypto assets?

Thanks for your answers!

DeFi is just basically holding or locking coins that are used to validate transactions and other activities in the blockchain.

If you are interested and looking for a platform, the basic things to consider are of course the team behind the platform. Scams can still be observed so we should be careful. I think it all depends on what you personally want but for me top priority is security and reliability of the platform.

Bulltard

newbie

Activity: 28

Merit: 25

Quote from: beyond11 on May 17, 2024, 11:39:32 PM

My question is: What is DeFi Staking in Crypto and How to find a Safe DeFi Staking platform in order to make passive income on crypto assets?

Thanks for your answers!

staking or farming?

anyway, if you're looking for yield from the assets you hold, best thing to do would be to look up defillama.
https://defillama.com/yields

now safety is another story, you're gonna have to research the protocols that interest you the most.
you're gonna want to go into the ones with the highest apys i suppose. well usually there's a catch with those (read their docs to be sure of what you're doing) or they're risky.

anwyay, your question is way too broad. my advice is to start with small amounts, read, read and read again. maybe hop into the protocols that have the highest tvls, they're usually the safest.

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

We've got the banks for lending us, as simple explanation DeFi is p2p lending through a decentralized platform without any intervention of any third party.

Quote from: beyond11 on May 17, 2024, 11:39:32 PM

How to find a Safe DeFi Staking platform in order to make passive income on crypto assets?

To be honest, most of them if not all are prone with security issues. Search out those news about DeFis that have been hacked, they're hot in the eyes of hackers.

beyond11

newbie

Activity: 8

Merit: 0

My question is: What is DeFi Staking in Crypto and How to find a Safe DeFi Staking platform in order to make passive income on crypto assets?

Thanks for your answers!

Topic: What is DeFi Staking in Crypto? (Read 35 times)