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So, where y'all Staking?

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by COINS NEWS 156 Views

With crypto being in a bit of a lull, and a lot of uncertainty about which way the market will trend in the short term, I think it's a good idea on making sure my positions are working for me, generating some passive income. How many of you do the same, and where are your favourite places to do it?
Dex? Cex? A combination of both? Do you go full degen yield farming? I want to know!

Personally I mostly stick to centralized exchanges, as my positions aren't super huge:
DOT on Kraken for 12% (shout out to their audit, wish it was industry standard),

ADA locked 15- 30 days at a time, split between Binance (not BinanceUS) and OKX for ~5%, was going to join a stake pool thru Daedalus wallet but that shit took so long to set up and so much HD space I kinda gave up. (maybe if I upgrade to a 2TB SSD lol),

AVAX locked 15-90 days at a time on OKX for 5-15%,

VET locked for 30 days at a time on Binance for ~5% in VTHOR.

I don't mind locked staking, esp when the market isn't going parabolic. I lock smaller portions of my positions for different intervals, so if something does pop off I can take profits without losing a bunch of interest I've spent the last month or 3 accumulating.
I'm also borrowing against my ETH and BTC (very minimally to avoid liquidation) to earn 10-20% on USDC, and if I want to be more risky accumulating alts with it when the market is looking healthyish.
My eventual plan is to move my profits to a decentralized exchange liquidity pool closer to the end of the market cycle, but for now the convenience (and lack of gas fees) of centralized exchanges outweighs the risk of not "holding my keys", at least in the shortish term.

How about yall?! I may switch shit around if I hear of some good options

submitted by /u/jsake
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