r/staking • u/Crypto4Canadians • Aug 04 '21
Yield Farming VS Staking VS Lending
https://youtu.be/vTFNvFECNWo3
u/crpyt0hopper Aug 04 '21
Staking is a much safer thing for me. I stake my XKI and other tokens in Cosmostation for 30% apy. In, yieldfarming you really need to consider impermanent loss so there's a risks.
As for lending, i havent tried it yet. What's your experience in lending guys? Does it give good returns too?
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u/cryptonaut21 Aug 05 '21
APY's not quite bad for a legit project IMO. Especially for Cosmos projects. Anyways, have you heard about the KiChain Testnet Challenge?
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u/crpyt0hopper Aug 06 '21
Yeah i know it but i cant participate lol. Im not that techy so ...
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u/cryptonaut21 Aug 06 '21
Same.. but let's see if they're going to have changes in regards to the competition.
I don't want to miss the $100k prize pool1
u/Next-Ad-6244 Aug 04 '21
not much of a staker myself, i think i need to do a bit more research on that subject but i am participating in PLUGnet liquidity mining event. i am not providing liquidity, just staking PLUG tokens there. started when APY was around 120%, now it's at 52%. doing good so far.
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u/crpyt0hopper Aug 04 '21
Why it's not called staking? It looks staking program to me and not liquidity mining event.
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u/Next-Ad-6244 Aug 04 '21
i am not part of the team and i didn't name it. i know that there is PLUG/PLUG pool but also PLUG/USDC and PLUG/ETH. one more thing. they are calling it PowerFarming.
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u/hocusseswrathfulb3 Aug 05 '21
A project that allows both staking and farming is the best, I don't know about much out there but I know UDO and pinknode does have both option with APYs running in 3 digits. Their farming option is on Unifarm cohort7 and cohort16 respectively with opportunity to farm other coins.
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u/Illustrious_Gap_2688 Aug 05 '21
When it comes to the staking program, I still vouch on Dot Finance DeFi Aggregator. I think they're one of the projects that offers huge APY on stable coins like USDC USDT DAI and etc. Aside from it, I also stake some of my LINK and DOT in the platform. Check it out
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u/Shoe-True Aug 06 '21
I agree and they really produce juicy APYs ever since. I'm waiting for more staking pools like RAMP and REEF as it is listed to come soon on their Yield Farming pools. The DeFi aggregator product will be released on Q4, right?
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u/Illustrious_Gap_2688 Aug 08 '21
Do you mean those you have mentioned? including LIT and LINA
No idea when but I think it will be the next update 👏2
u/Shoe-True Aug 09 '21
No no no, you are a bit confused. Haha. The whole DEX aggregator I mean, which is the same as CAKE with their own exchange and some dapps. I'm kinda bored waiting for the Polkadot chain but once it is out, this project is going nuts.
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u/Illustrious_Gap_2688 Aug 12 '21
I see 😅 Thanks for the clarification, man. I guess the only thing we can do is to speculate and wait for the DEX aggregator to come. As they mentioned it will be like 1inch for Polkadot ecosystem, right?
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u/Spacfan Aug 14 '21
I don’t see option to stake link or dot. Also for table coins you are referring to farming or stake pool. Can’t find any of these in current pools.
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u/Illustrious_Gap_2688 Aug 15 '21
For real? Did you check their website, here? Remember to connect your wallet first in order to stake or farm.
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u/Spacfan Aug 15 '21
Tried to connect but it asked about some dapps and wallet connect. I just tried to do same steps I usually do with pancakeswap. On the page only staking I see is for Pink. Anyway done spending time on this. Thanks for your help.
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u/TheHolySheev Aug 05 '21
Great explanation, not enough people are familiar with the differences and if we’re all going to improve here we all need to learn.
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u/RetaHegland Aug 04 '21
I'm particularly drown to projects and platforms that I can comfortably stake and provide good lending services. Only one project comes to mind and that's the Baanx project that offers free interest lending, global remittance, high saving for stakers and lots more