01-14-2022, 09:09 PM
How to make your BTC work while you're staking the rest of your portfolio (summary a
<!-- SC_OFF --><div class="md"><p>Hello everyone,</p> <p>Yesterday, I made a post asking this community what to do with my BTC while my PoS tokens are staked and making sweat gains. Disclaimer: I will only be considering easy options in this post, as I’m quite a noob and I think that if you read that kind of post you might just need basic information. There is more info in the original discussion of course.</p> <p>Asking what to do with my BTC, I encountered three schools of thought:</p> <p>​</p> <p><strong>- The first one told me to just HODL!</strong></p> <p>100_Jose_Maria_001 told me : « The only thing on my mind now is HODLING for the long term.”</p> <p>United-Strategy-4523 told me “Bitcoin should be in cold storage and just forgotten for years and be found again and you become a billionaire.”</p> <p>Jaxsoy told me : “You don’t. The thinking is that in the long-run it will appreciate enough to where it doesn’t matter”</p> <p>And there is merit in this approach. Just holding on a cold wallet is safe and prevents you from suffering any hazard from a third party as far as I know. In one hand, a small staking percentage doesn’t mean a lot if you aim for a x3 on BTC, on the other hand, 5% APY on an appreciated asset can become a huge part of your initial investment. This way of thinking has its merit, but I wanted to make my BTC work, so let’s see what the alternatives are.</p> <p>​</p> <p><strong>- The second school of thought told me to stake on CEXs:</strong></p> <p>cryptoguy66 told me : “You can earn 4.5% interest on Blockfi up to 0,1 BTC”</p> <p>CryptoVenetian told me : “You can lend it on platforms like NEXO, I earn an honest 8% APY”</p> <p>ts_wrathchild told me : “I'm generating some pretty insane returns on Haru Invest on some spare BTC at the moment. They have 3 different products for BTC specifically. Their main product is at 15% interest (with a 365 day lockup) and the other 2 are 25% and 35% respectively, with much higher risk. “ and Mynamethisisnot added: “You can also just lock the btc for 30 days and still get 10%, doesn't need to be 365 days”.</p> <p>adammbd told me: “Most definitely lend/stake it on a reputable platform. If you have no experience with DeFi, I recommend reading and learning about it in depth before jumping in and ALWAYS make sure you use a reputable DeFi exchange.”</p> <p>LivingFondant1419 told me: “I get 3% apy on my btc on Binance, its not the best but certainly decent enough”</p> <p>This way of thinking is kind of a “safe bet”: you earn decent gains in a safe environment but still… Not your keys, not your tokens. If you are interested in this approach, just check this awesome link:</p> <p>Mynamethisisnot: “Check this <a href="https://www.coininterestrate.com/best-bitcoin-interest-rate-apy/">https://www.coininterestrate.com/best-bitcoin-interest-rate-apy/</a> There's plenty of referrals and promo codes too, make sure to use some.”</p> <p>​</p> <p><strong>- The third school of thought told me to chase huge APY on DeFi protocols:</strong></p> <p>daniejjimenez told me : “Use Kira Network and your assets generate passive income without having to be unused in your non-custodial wallet.</p> <p>With Liquid Staking from Kira Network you get the most out of all your staking assets!”</p> <p>Among this approach, some compromises exist:</p> <p>100_Jose_Mario_001 told me : “Hodling is the best option, but if you are going to farm yield, try out Sovryn. <a href="https://www.sovryn.app/">https://www.sovryn.app/</a></p> <p>They are a de-fi platform built on top of Rootstock, and are a fantastic option to farm yield. The interest hovers around 2%, but the advantage is that you are holding the private keys yourself, and can withdraw the BTC anytime. Best of both worlds.”</p> <p>​</p> <p>So I didn’t take my decision yet, but I hope this info will be useful for some. Thanks a lot to every user who took the time to give me advice.</p> <p>You can vote for the strategy which seems the most reasonable according to you.</p> <p>I wish you great gains.</p> <p><a href="https://www.reddit.com/poll/s3otzt">View Poll</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ElPatitoNegro"> /u/ElPatitoNegro </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/s3otzt/how_to_make_your_btc_work_while_youre_staking_the/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/s3otzt/how_to_make_your_btc_work_while_youre_staking_the/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Hello everyone,</p> <p>Yesterday, I made a post asking this community what to do with my BTC while my PoS tokens are staked and making sweat gains. Disclaimer: I will only be considering easy options in this post, as I’m quite a noob and I think that if you read that kind of post you might just need basic information. There is more info in the original discussion of course.</p> <p>Asking what to do with my BTC, I encountered three schools of thought:</p> <p>​</p> <p><strong>- The first one told me to just HODL!</strong></p> <p>100_Jose_Maria_001 told me : « The only thing on my mind now is HODLING for the long term.”</p> <p>United-Strategy-4523 told me “Bitcoin should be in cold storage and just forgotten for years and be found again and you become a billionaire.”</p> <p>Jaxsoy told me : “You don’t. The thinking is that in the long-run it will appreciate enough to where it doesn’t matter”</p> <p>And there is merit in this approach. Just holding on a cold wallet is safe and prevents you from suffering any hazard from a third party as far as I know. In one hand, a small staking percentage doesn’t mean a lot if you aim for a x3 on BTC, on the other hand, 5% APY on an appreciated asset can become a huge part of your initial investment. This way of thinking has its merit, but I wanted to make my BTC work, so let’s see what the alternatives are.</p> <p>​</p> <p><strong>- The second school of thought told me to stake on CEXs:</strong></p> <p>cryptoguy66 told me : “You can earn 4.5% interest on Blockfi up to 0,1 BTC”</p> <p>CryptoVenetian told me : “You can lend it on platforms like NEXO, I earn an honest 8% APY”</p> <p>ts_wrathchild told me : “I'm generating some pretty insane returns on Haru Invest on some spare BTC at the moment. They have 3 different products for BTC specifically. Their main product is at 15% interest (with a 365 day lockup) and the other 2 are 25% and 35% respectively, with much higher risk. “ and Mynamethisisnot added: “You can also just lock the btc for 30 days and still get 10%, doesn't need to be 365 days”.</p> <p>adammbd told me: “Most definitely lend/stake it on a reputable platform. If you have no experience with DeFi, I recommend reading and learning about it in depth before jumping in and ALWAYS make sure you use a reputable DeFi exchange.”</p> <p>LivingFondant1419 told me: “I get 3% apy on my btc on Binance, its not the best but certainly decent enough”</p> <p>This way of thinking is kind of a “safe bet”: you earn decent gains in a safe environment but still… Not your keys, not your tokens. If you are interested in this approach, just check this awesome link:</p> <p>Mynamethisisnot: “Check this <a href="https://www.coininterestrate.com/best-bitcoin-interest-rate-apy/">https://www.coininterestrate.com/best-bitcoin-interest-rate-apy/</a> There's plenty of referrals and promo codes too, make sure to use some.”</p> <p>​</p> <p><strong>- The third school of thought told me to chase huge APY on DeFi protocols:</strong></p> <p>daniejjimenez told me : “Use Kira Network and your assets generate passive income without having to be unused in your non-custodial wallet.</p> <p>With Liquid Staking from Kira Network you get the most out of all your staking assets!”</p> <p>Among this approach, some compromises exist:</p> <p>100_Jose_Mario_001 told me : “Hodling is the best option, but if you are going to farm yield, try out Sovryn. <a href="https://www.sovryn.app/">https://www.sovryn.app/</a></p> <p>They are a de-fi platform built on top of Rootstock, and are a fantastic option to farm yield. The interest hovers around 2%, but the advantage is that you are holding the private keys yourself, and can withdraw the BTC anytime. Best of both worlds.”</p> <p>​</p> <p>So I didn’t take my decision yet, but I hope this info will be useful for some. Thanks a lot to every user who took the time to give me advice.</p> <p>You can vote for the strategy which seems the most reasonable according to you.</p> <p>I wish you great gains.</p> <p><a href="https://www.reddit.com/poll/s3otzt">View Poll</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ElPatitoNegro"> /u/ElPatitoNegro </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/s3otzt/how_to_make_your_btc_work_while_youre_staking_the/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/s3otzt/how_to_make_your_btc_work_while_youre_staking_the/">[comments]</a></span>Kind Regards R