The Ethereum blockchain is set to undergo its next major update since the network switched from proof-of-work to proof-of-stake through The Merge. The upcoming upgrade, dubbed “Shapella,” which combines the Shanghai and Capella validator changes, is expected to take place on April 12, 2023. While most users will not be affected by the change, the […]
While Miami’s mayor Francis Suarez told the public he was a big believer in bitcoin and has accepted his pay in bitcoin, at the same time, a crypto coin called miamicoin (MIA) was launched. The Miamicoin project’s goal was to give Miami’s “citizens and supporters the power to support, improve and program the Magic City.” […]
Lido, a multichain liquid staking solution, and Idle DAO, a decentralized organization building financial products for Web3, have partnered to launch a novel DeFi primitive.
The post Lido and Idle DAO launch new risk-adjusted ETH 2.0 staking products appeared first on CryptoSlate.
The number of ether locked in the Ethereum 2.0 contract has exceeded 9 million ethereum or more than $28 billion using today’s exchange rates. The amount of ethereum locked into the contract has increased 22.29% since the first week of September 2021, when the contract held 7.4 million ether. Ethereum 2.0 Contract Exceeds 9 Million […]
The 2020 summer started with the explosion of new technology in the cryptoverse – DeFi or decentralized finance! No KYC, no financial barrier to enter financial space sparked the next financial revolution. But, it was yield farming and staking that made everything in the space grand.
As a result, the DeFi market that started on a humble note with $1.5 billion in TVL scaled $105 billion in no time. If you happen to have little or no knowledge of yield farming and staking, you are at the right place. In this blog, we will explain both these concepts and their differences. On top of this, you will also get to know about platforms that support them.
Yield farming may sound more or less like staking but with an upside. On yield farming, you get more tokens on top of the interest. Hence, suppose if you have lent on ETH/DAI liquidity pool. As a liquidity provider, you get interested whenever someone uses tokens from the pool. Along with that, you also get the LP/governance tokens which you can lock somewhere else to get more returns. In a way, yield farming allows liquidity providers to earn liquidity on liquidity. So, despite the token lock, your liquidity still remains in the form of another token. The concept of yield farming originated from the Compound protocol. It was the compound protocol that distributed Comp tokens to liquidity providers.
Staking is the process of depositing your crypto to confirm transactions. The more transactions you confirm the higher the reward for confirmation. Staking works on blockchains that use the POS or proof of stake consensus mechanism.
Here’s an easy to view table that showcases the difference between Yield Farming and Staking:
| Category | Yield Farming | Staking |
| Definition | To lock crypto tokens for passive income | To lock crypto tokens to act as a validator |
| Technology | Yield farming uses automated market-making (AMM) | POS or Proof of Stake Consensus Mechanism |
| Rewards | In the form of APYs for token locked | In the form of native tokens for validating blocks |
| Risks | Risks in the form of impermanent loss, smart contract bug and composability of blockchains | Validator risks like staying away from the network. Or, liquidation risks for validating wrongful transactions. |
Users can lock Uniswap’s LP token for liquidity provisioning. In the process, they get exposed to added liquidity on top of the 0.3% fees. There is also added upside given to liquidity providers on Warp Finance. They get WARP tokens which they can lend for extra interest.
Badger DAO is taking yield farming to the next level for Bitcoin. On Badger DAO, liquidity providers earn rebasing tokens called SETT. With SETT getting pegged to BTC, the price of the token has gone off the roof. Those who got SETT as LP tokens are preparing for the moonshots.
On CoinDCX, you can earn as high as 5% to 20% APY while staking you’re crypto. CoinDCX supports EOS, TRX, NEO, QTUM and XTZ.
Binance is one of the best platforms to choose for staking your crypto. You can earn as high as 105.32% APY on some of the selective tokens. For example, when you stake your AXIE. However, for other tokens, you can get within the range of 5% to 13% APY.
The post Staking and Yield Farming – What’s the Difference? appeared first on CryptoTicker.
A Nasdaq-listed company has announced that shareholders can receive dividends in bitcoin. The company claims to be the first one to pay dividends in the cryptocurrency. ‘First-Ever Dividend Payable in Bitcoin by a Nasdaq-Listed Company’ Blockchain company BTCS Inc. (Nasdaq: BTCS) announced Wednesday “the first-ever dividend payable in bitcoin by a Nasdaq-listed company.” BTCS refers […]
The year 2022 is just around the corner and you have probably set yourself big goals in the new year. A dream of many people is to earn a passive income alongside their job and possibly even get off the hamster wheel. With cryptocurrencies, you have a good opportunity to start building your passive income in 2022. In this article, we’re going to give you a few tips.
The idea of passive income is to stop trading your time for money. You make money from doing other activities because your money works for you. There are numerous methods for passive income, of which investing in cryptocurrencies is a particularly attractive option.
In the field of cryptocurrencies, you can go different ways to start your passive income. You can earn money just through price gains. You can build a fortune through staking, earn money through lending or build your own income through NFTs. It’s best to combine different methods for the best possible results. Let’s talk about each method separately.
The easiest and most popular way is to invest in cryptocurrencies. You can get high returns with an investment in Bitcoin, Ethereum, XRP, and other altcoins. The strategy is similar to investing in the stock market. On average, cryptocurrencies offer significantly higher returns. In contrast, the risk with cryptocurrencies is much higher.
Whether you can build up a regular passive income with investments in cryptocurrencies also depends on the market situation. In bullish phases you make high returns, in the bear market it becomes much more difficult. On the other hand, regular income (e.g. monthly) is not guaranteed.
If you’re looking for a regular source of income, staking could help. Proof-of-stake is a possibility for consensus on certain blockchain networks. It is considered a more efficient method of achieving consensus on the blockchain than the classic proof-of-work that Bitcoin uses. With staking, small investors can take part in this consensus process and thus earn interest.
Staking is an excellent way to earn passive income with cryptocurrencies. The interest mentioned here are called staking awards and are paid out to you as rewards in the form of the corresponding coins. This only works with certain cryptocurrencies. We recently put together an extensive article talking about what staking is and how to do it.
Crypto lending is also a way to earn passive income with cryptocurrencies. You lend your cryptos to other parties and get them back with corresponding interest. However, it is important to do good research here, because the risk of loss is higher with crypto lending than with staking.
A better alternative to making money from cryptocurrencies could be NFTs. NFT stands for “Non-fungible Token”, a digital, unique, non-reproducible work. Most importantly, NFTs revolutionized the art market in 2021. There are now an extremely large number of NFT collections of digital works of art that you can buy, sell and trade on platforms such as OpenSea .
With a little initial effort, you could create your own NFTs and then offer them for sale on NFT platforms. The platforms mentioned are suitable for this. Rarible is designed as a platform NFT particular attention to the artist. In the meantime, individual NFTs have already brought in six-figure amounts.
The metaverse was the big topic in the crypto market in the fourth quarter. It describes a virtual space in which individuals can exchange ideas and interact with one another. There are now numerous metaverses based on the blockchain. In these metaverses, you can earn rewards in the form of cryptocurrencies or NFTs using the play-to-earn principle.
Some of the most famous examples include Axie Infinity, where you can raise and even fight digital creatures (Axies), and Decentraland, where you can purchase digital land and real estate. Digital land in particular can secure a passive income for you in the future.
Building a passive income with cryptocurrencies is not that difficult. You have to be aware that it will take some time and that your passive income will be rather small in the beginning. Furthermore, there is always a certain risk associated with cryptocurrencies. Cryptoticker offers very good articles and further knowledge on the topic.
You can purchase cryptocurrencies on the Binance , Coinbase , Kraken and Bitfinex crypto exchanges.
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The post THIS is how you can Generate Passive Income with Cryptos in 2022 appeared first on CryptoTicker.
Perhaps you’ve seen the Crypto.com(CRO) coin shooting up the list on CoinMarketCap/CoinGecko in 2021. Or maybe you’ve noticed Matt Damon being shoved in your face in every third commercial touting Crypto.com. If you are like most of us, you’ve wondered to yourself ‘What the heck is CRO?’ Interestingly enough, just a few years ago nobody […]
The post Matt Damon Wants You To Use Crypto.com – Whats In It For You? appeared first on Crypto Giggle. Your home for Crypto Moonshots
The proof-of-stake consensus mechanism was a big leap forward in the field of cryptocurrencies. This makes transactions cheaper and more efficient. Furthermore, staking cryptocurrencies offers investors the opportunity to generate high returns. Let’s talk about the best staking coins for the year 2022.
In the financial world, some investors seek high-risk investments because they also come with high returns. They also tend to mix those risky investments with safe ones, in order to minimize their risk. Traditionally, investors used to have saving accounts that yielded them interests. In today’s economies, advanced countries’ interest rates average around 2% per year. You can forget about thinking to invest in risky countries that are either corrupt, poor, or that have been sanctioned.
Enter cryptocurrency staking, which is the exact same thing people do in the “traditional financial world”. Instead of locking money with banks, they lock an amount in a cryptocurrency wallet and earn high yields. In turn, they participate in the operation of a Proof-of-Staking-based blockchain system. Different cryptos have different yields and maturities.
Anything that yields high is risky. When staking cryptos, there are many risk factors that might affect your staking experience:
Nevertheless, some exchanges did prove to be worthy of investors’ trust and solid businesses. You should always be on the lookout for companies that listen to their customers, have awesome customer support, and are expanding regularly. Binance is one example of such reputable exchanges, and that’s why we’re going to show you a step-by-step guide on how to stake with them.
Algorand is another modern cryptocurrency and one of the best staking coins. Due to increased adoption and awareness, the ALGO token has increased by over 600% in the last 12 months. For many, Algorand is the next “Ethereum Killer”.
Algorand offers annual returns averaging 4.7%. However, staking is still relatively cheap and the upside at Algorand is currently much higher than with the aforementioned staking coins.
Solana (SOL) experienced massive hype in 2021. As a “younger and more modern” version of Ethereum and Cardano, the network made itself popular with numerous investors. Above all, Solana scores with an extremely high transaction speed of up to 50,000 transactions per second.
The modern proof-of-history consensus mechanism makes these speeds possible. But Solana is also a solid option for staking. The annual rate of return is 6.6 percent. The “lock-in period” is only 5 days. Furthermore, there is no minimum limit for staked tokens, which makes the SOL token one of the best staking coins.
Cardano has long been referred to as the “Ethereum Killer”. Improving the Ethereum network was also the declared goal behind the development of Cardano. In contrast to ETH, Cardano has been using proof-of-stake for a long time. This year, the value of the native ADA token increases massively, especially in autumn.
The annual return at Cardano Staking averages 6%. In addition, Cardano scores with the lack of a mandatory “lock-in period”, during which the staked tokens cannot be mobilized.
Binance is the largest crypto exchange in the world. Their own platform Token Binance Coin was a huge success and is now the third-largest cryptocurrency by market capitalization. The Binance ecosystem will benefit from the increased trading activities on the entire crypto market in the future.
The minimum use of tokens for staking is extremely small and the Binance offers very high staking returns. BNB is one of the best options among staking coins, especially for investors who are new to staking. You can get to Binance here.
Ethereum is the second-largest cryptocurrency after Bitcoin and the largest network for decentralized applications. In the future, it has the potential to become the dominant network for staking. Investors have already deposited $ 21 billion worth of coins into the Ethereum 2.0 staking pool.
ETH still has a few question marks among staking coins. The transition from proof-of-work to proof-of-stake only started in the last few months. Nevertheless, the network offers huge potential for high staking returns through its already existing enormous amount of adoption.
The post Top 5 BEST Staking Coins for 2022 – Get your Hands on THESE! appeared first on CryptoTicker.
The firm Foundry Digital announced on Wednesday that the business has launched a bitcoin mining rig marketplace called Foundryx. According to Foundry, the company has access to more than 40,000 mining machines that are ready for resale. In addition to the marketplace launch, the company’s mining operation, Foundry USA, has become the world’s largest bitcoin […]
