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Staking and Yield Farming ,which will you prefer ?

  • Thread starter Thread starter Josemendez
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Josemendez

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With the coming of decentralized finance ( Defi ) , the has been many way of earning from it ,such as through staking of Defi based token and yield farming.

With Yield Farming you earn profits by providing investment for a Defi project ,and earns income from fees paid by users of the project.

In staking , you fixed your fund for a specified period of time ,and earn income daily , monthly or weekly .

Which of these two will you prefer ?
 
Josemendez said:
With the coming of decentralized finance ( Defi ) , the has been many way of earning from it ,such as through staking of Defi based token and yield farming.

With Yield Farming you earn profits by providing investment for a Defi project ,and earns income from fees paid by users of the project.

In staking , you fixed your fund for a specified period of time ,and earn income daily , monthly or weekly .

Which of these two will you prefer ?
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For me I prefer stacking, I have been stacking a few of my trx, and it's yielding, i really don't know much about yield farming but if I do, I don't mind trying it out.

To be sincere there are things about crypto Currencies I still need to understand so as to maximize profit.
 
Staking would be the best option of earning on defi as this will guarantee a level of earning that can be monitored and measured to see the profitability of the investment plan. This is so to be sure that you are doing a worthwhile project not merely wasting your time.
 
The key difference between staking and yield farming is the APY and lock-up period.
Staking your SYFP yields a 400% APY which is marginally higher than any of the yield farming pools. However, this comes at a cost of a 2 week lock-up.
Yield farming pools, on the other hand, yields a lower APY depending on which asset is used. However, it does not have any lock-up periods.
 
For me I will go for yield farming, I believe I can earn more through yield farming if I have the right connections and knowledge about it
Farming is a very lucrative business and I believe I will definitely succeed and everything will be good
 
Though I didn't understand these business terms before but according to the explanation of the poster I thing I prefer staking. I always love to have whatever I made at my custody even if I still have have to reinvent.
 
I am currently focused on building crypto assets and hold my cryptos for a long term. I do not know much about Defi or yeld farming. I will have to do more research.
 
I think I will go for the yield farming because with this kind of project it will be very easy for me to make more money with my Investment capital than stacking investment option
 
Nurudeen said:
I think I will go for the yield farming because with this kind of project it will be very easy for me to make more money with my Investment capital than stacking investment option
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If you have known yield farming , you should be aware that it is very risky where one can lose money from which is not likely with staking
 
Excuse me for asking about the staking. It sounds like staking is a type of fixed deposit that can make you earn interest for your crypto coin that you deposited. Am I right on this? With yield farming it is clearly an investment that you will finance a project for a crypto coin. The staking looks better to me.
 
Staking of crypto currently seems to be the most popular and so many people are doing it as I understand. I don't really know much on the yield farming. I have to research to also understand the advantage and its disadvantages
 
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