Topic: Where do you look for best staking / yield generating altcoin options? (Read 108 times)
June 03, 2021, 07:08:37 AM
Yield farming investment is high risk compare to investing money on top altcoins so you must go with safest options as possible, go with projects that are well known and have insane amount of liquidity and volumes, also make sure the project is available on top exchanges like binance
June 03, 2021, 07:08:06 AM
I prefer to make pasif income with lowest risk as possible, because I want to earn monthly fix pasif income, so I choose staking on stable coin. I did staking on decentralize platform on Waves exchange, and also joined yield farming as liquidity provider on Pancake swap also on pair stable coin vz stable coin to minimize the risk of impermanent loss.
June 03, 2021, 07:03:24 AM
Sometimes I read price predictions for various altcoins on this site. Based on the analysis of these predictions, I am looking for what will be more convenient to invest in.
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June 03, 2021, 03:27:25 AM
Was curious what websites you use to identify the ways to generate the best APY / APR from farming / staking. And please don't answer "coin xxx is the best". I am interested in a sustainable process, not a one shot fake gem.
What do you mean by website? Are you asking for exchange that can offers yield farming or a tracking website that you can track best APY for Altcoin?
AMM like Pancake Swap that built on BSC offers tremendous APY but it's very risky since BSC is prone on attack. I suggest use only Binance for APY farming. There launchpool offers a best APY.
June 03, 2021, 03:20:45 AM
Was curious what websites you use to identify the ways to generate the best APY / APR from farming / staking. And please don't answer "coin xxx is the best". I am interested in a sustainable process, not a one shot fake gem.
I farm FARM token on Harvest Finance and 0xMR on hiveshares. I think farming on flare finance will be huge. June 03, 2021, 03:19:54 AM
To avoid dumps I use stable coins for staking on binance exchange and that's USDT, it's risky to stale a volatile coin that can go down in value any time, I have a story about this back in 2017 when I lose some money to staking before the staking period ended
June 03, 2021, 03:10:01 AM
I do not advise you to follow what I did. but I am currently staking my assets in sovryn and apeswap. they are different, sovryn with the RSK network and apeswap using the BSC network. you can analyze it yourself. if you are interested can try it. Good luck.
June 03, 2021, 03:07:08 AM
Was curious what websites you use to identify the ways to generate the best APY / APR from farming / staking. And please don't answer "coin xxx is the best". I am interested in a sustainable process, not a one shot fake gem.
For me look for the volume of the coins that's the first thing I do second thing is the system of that project some projects have a APY that reaches 2500% which is really high this kind of projects were fake gems well I think you should also study the background of the project, liquidity also if there's a stake lock or not, audit of course will have a great impact. I'm not really an expert but this were the things I look when looking for yielding pools or staking pools.
June 03, 2021, 03:01:13 AM
Was curious what websites you use to identify the ways to generate the best APY / APR from farming / staking. And please don't answer "coin xxx is the best". I am interested in a sustainable process, not a one shot fake gem.
For me look for the volume of the coins that's the first thing I do second thing is the system of that project some projects have a APY that reaches 2500% which is really high this kind of projects were fake gems well I think you should also study the background of the project, liquidity also if there's a stake lock or not, audit of course will have a great impact. I'm not really an expert but this were the things I look when looking for yielding pools or staking pools.
June 03, 2021, 02:55:32 AM
Go with the most talked about platforms like binance exchange, they are capable to cover any loss if anything bad happens and they are more trusted than many other, you can also do this through their wallet app called trust wallet but some offers might not be available on the wallet
June 03, 2021, 01:44:41 AM
I am interested in a sustainable process, not a one shot fake gem.
But you are asking for an unsustainable thing anyway.The altcoin staking system is not sustainable. Ask why? Because once a group starts staking a coin, there will be a constant rage to accumulate more and more by that group. The good thing is that the prices will go up but the bad thing is that the chances of getting an ROI with the same investment capital becomes low. The ones getting in late will have no chance of making any sort of return and very soon this ends up being a manhood-war between the bagholders. Silently other bagholders sell off their holding at this inflated price and then exit the same leading to the end of that altcoin.
Same will happen with all the DeFi lending pools.
Only the ones who remain profited at the ones who were diligent to get in early and buy a huge stash and then exit before the peak happens. It becomes a rat race for joining the next big shitcoin.
You might have a different opinion, but I have seen the ICO market, the defi market and the concurrent "passive earning" traps set up during each of such hypes. All them are rat races. But if you can "sustain" them then good luck to you.
To answer your question though : https://coinmarketcap.com/yield-farming/
June 02, 2021, 08:30:23 PM
Was curious what websites you use to identify the ways to generate the best APY / APR from farming / staking. And please don't answer "coin xxx is the best". I am interested in a sustainable process, not a one shot fake gem.
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