0 like 0 dislike
0 like 0 dislike
Last year, I learned of the world of defi, and like the lawyer I am, I sat down and consumed all the information I could get my hands on. I learn how about farms and staking etc relatively quickly. On the binance chain, I won big when a token, charge, 10xd. I then went to tomb finance and it was also relatively profitable. Now however, fantom is in a slump and a lot of my tokens aren’t even worth checking on. I decided to wait the return of a proper bull market but it seems that may never happen. What is you experience? Are you still banking? Where and what are you doing?

61 Answers

0 like 0 dislike
0 like 0 dislike
I have been holding STRX who have an APY of 10%. Increased my bag by a good bit and hopefully the price will rise once more products are released.
0 like 0 dislike
0 like 0 dislike
Of course. There are lots of good DeFi opportunities in the space right now. There is Data farming,  a program that incentivizes for growth of data consumption volume when you allocate veOCEAN to data assets, and DeFi opportunities on Cosmos with projects like ATOM, EVMOS, and JUNO.
0 like 0 dislike
0 like 0 dislike
I think defi is one of the things that is always profitable if you dont get greedy. Currently I'm mostly sticking on stablecoin liquidity mining and from the rewards I DCA into stuff like ETH, BTC etc. As soon as the market starts to recover I will switch my position into more risky pools. Currently I'm using 2 pages in particular. 1 is Grizzly Fi (I also hold a lot of their token because I think it's very undervalued - got some big updates coming before end of the year) and the DCHF platform where I can place my longterm holdings of btc/eth as a collateral and take dchf(stable coin pegged to the swiss franc) as a loan at 0% interest this dchf then go straight into liquidity mining. Both platforms are from the same team and are part of the GHNY ecosystem. The next update will allow you to put in your LP Stable Tokens as collateral and leverage up to 10x on stable pools which is sick. They mentioned that for the leverage part they will charge a performance fee that will be used to burn their native token (GHNY) in the future. Therefore I'm extremely bullish on it.

Hope I could help with my input and let me know if you checked it out and what you think about it.
0 like 0 dislike
0 like 0 dislike
Yes, DeFi has always been profitable. I'm currently staking on Gamifi and waiting for the profit of a 100% APY. Though there'a a lot more into it. You just need to find the right project and do what needs to be done.
by
0 like 0 dislike
0 like 0 dislike
I find staking is better. Usually when you are paid in a different coin, that coin tends to lose value quicker than the reward % can keep up with. Also have to pay attention to value of coin staked or lended as it may decrease in value too. I found with most, you have to get in early to have highest chance of making profit that’s worth while.
0 like 0 dislike
0 like 0 dislike
Yes. Crypto, and particularly DeFi, is still profitable.

>I decided to wait the return of a proper bull market but it seems that may never happen.

Patience, it's coming. The market is brutal, but it's also filled with opportunities. Staking your long-term assets is one way to make steady profits and survive the crypto winter.

I'm staking my CTSI on the Cartesi explorer for rewards at 26% APR and looking into Cosmos, Arbitrum, and Optimism ecosystems too.
by
0 like 0 dislike
0 like 0 dislike
I have been buying the dips, its possible BTC could drop to the $15-$17k range, at this stage of the bear market we are at or close to the bottom, you can buy in at any time, the question then is how long do you have to wait until you get back into profit if it dips after you buy in. But I have definitely been in profit. over the last 4 months at least.

So I have been buying and staking in what I think will survive the bear market, im a fan of L1 and L2s. my positions are fairly conservative. I am really just DCA over time to survive the bear market for the next bull market(my prediction is at least another year, possibly two) .

* Fantom has been in slump but it wont last long, I do like beethoven, specifically Deus (another Dei, another dollar) and have been staking Geist (small position but its fun) I like the high APY and some of the payout out in geist stablecoins which has been more than I expected in this market.
* I also like GMX (GLP) on arbitrum but I hear Gains is an up and comer, same concept.
* Near, specifically REF has been good.  REF-NEAR seem to follow each other closely so the IL has been minimal, the apy is great and they pay APYin an interesting mix of tokens.
* Of course there is Beefy, they are really active and keep adding.
* Curve just added KAVA chain so their 3pool is paying %14 which is sweet and it already has $13m in the pool.
* I am a big fan of HBAR and there is new farm Sauce which has excellent APYs. I am in HBAR-USDC at %71. If you believe in Aurora or Celo chains, the Aurora-NEAR and Celo-NEAR the APYs are great.%34 and %36 or the stable coin pair of
* COSMO has been been doing very well, I am still up %30 - %40  on ATOM-OSMO and its just getting going.,  Injective recently hooked in to the chain. I did the superfluid staking (osmo-atom) with the 14 day apy. This is a blessing and a curse, I have been tempted to sell but who knows where things will be after the 14 day lock is up. But its kept me in, its one of the longest holds I have. OSMO-ATOM was the first superfluid but they added others stablecoins, BTC, WETH with OSMO at much higher APY.
0 like 0 dislike
0 like 0 dislike
If you enter a position now, I can guarantee you are the exit liquidity. WAIT
0 like 0 dislike
0 like 0 dislike
Very profitable, in terms of utility, long-term potential, and more, but you've to wait for the next bull run. which most investors are doing now, and earning passively one way or another through staking, or incentives nodes, which I'm doing through the web 3 Sylo wallet, staking a few of my alts bags like XTZ, while anticipating for their incentive nodes to go live.
0 like 0 dislike
0 like 0 dislike
Crypto generally is a nice investment and quite profitable, especially for those who believe it's the future and are able to hold through. So far, it's been an amazing run for me before the dip came in, and despite the dip, I still earn passively staking mostly on Binance and providing liquidity mining for the Sylo-Eth pair on Uniswap.

The rewards are adequate, and I am very happy so far.

No related questions found

Welcome to Bitteg, where you can ask questions and receive answers.