How to make your BTC work while you're staking the rest of your portfolio (summary and poll)

Hello everyone,

Yesterday, I made a post asking this community what to do with my BTC while my PoS tokens are staked and making sweat gains. Disclaimer: I will only be considering easy options in this post, as I’m quite a noob and I think that if you read that kind of post you might just need basic information. There is more info in the original discussion of course.

Asking what to do with my BTC, I encountered three schools of thought:

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- The first one told me to just HODL!

100_Jose_Maria_001 told me : « The only thing on my mind now is HODLING for the long term.”

United-Strategy-4523 told me “Bitcoin should be in cold storage and just forgotten for years and be found again and you become a billionaire.”

Jaxsoy told me : “You don’t. The thinking is that in the long-run it will appreciate enough to where it doesn’t matter”

And there is merit in this approach. Just holding on a cold wallet is safe and prevents you from suffering any hazard from a third party as far as I know. In one hand, a small staking percentage doesn’t mean a lot if you aim for a x3 on BTC, on the other hand, 5% APY on an appreciated asset can become a huge part of your initial investment. This way of thinking has its merit, but I wanted to make my BTC work, so let’s see what the alternatives are.

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- The second school of thought told me to stake on CEXs:

cryptoguy66 told me : “You can earn 4.5% interest on Blockfi up to 0,1 BTC”

CryptoVenetian told me : “You can lend it on platforms like NEXO, I earn an honest 8% APY”

ts_wrathchild told me : “I'm generating some pretty insane returns on Haru Invest on some spare BTC at the moment. They have 3 different products for BTC specifically. Their main product is at 15% interest (with a 365 day lockup) and the other 2 are 25% and 35% respectively, with much higher risk. “ and Mynamethisisnot added: “You can also just lock the btc for 30 days and still get 10%, doesn't need to be 365 days”.

adammbd told me: “Most definitely lend/stake it on a reputable platform. If you have no experience with DeFi, I recommend reading and learning about it in depth before jumping in and ALWAYS make sure you use a reputable DeFi exchange.”

LivingFondant1419 told me: “I get 3% apy on my btc on Binance, its not the best but certainly decent enough”

This way of thinking is kind of a “safe bet”: you earn decent gains in a safe environment but still… Not your keys, not your tokens. If you are interested in this approach, just check this awesome link:

Mynamethisisnot: “Check this https://www.coininterestrate.com/best-bitcoin-interest-rate-apy/ There's plenty of referrals and promo codes too, make sure to use some.”

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- The third school of thought told me to chase huge APY on DeFi protocols:

daniejjimenez told me : “Use Kira Network and your assets generate passive income without having to be unused in your non-custodial wallet.

With Liquid Staking from Kira Network you get the most out of all your staking assets!”

Among this approach, some compromises exist:

100_Jose_Mario_001 told me : “Hodling is the best option, but if you are going to farm yield, try out Sovryn. https://www.sovryn.app/

They are a de-fi platform built on top of Rootstock, and are a fantastic option to farm yield. The interest hovers around 2%, but the advantage is that you are holding the private keys yourself, and can withdraw the BTC anytime. Best of both worlds.”

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So I didn’t take my decision yet, but I hope this info will be useful for some. Thanks a lot to every user who took the time to give me advice.

You can vote for the strategy which seems the most reasonable according to you.

I wish you great gains.

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