Was thinking about picking up ETH and staking with rocketpool, but I didn’t realize that the gains with them, unless you want to be a validator too, aren’t able to compound. Might be something to try later, but I don’t have enough $ to get enough ETH to work with that framework yet.
That said, the ability to earn compound interest on coins like ETH is very powerful and could get me to that goal someday, but man, does it seem more risky.
Plenty of people seem happy with places like Celsius. How safe are your coins with a place like that really? Anyone use Haru? Their rates seem high and they claim it’s because of stuff like arbitrage trading, but quite frankly I don’t see why they need our coins at that point if they’re crushing it so well that they can pay those ludicrous APYs.
What are y’all doing to generate compound interest?
I think Celsius and Nexo are relatively safe. Gains compound on both (daily on Nexo and weekly on Celsius)
Anchor protocol
If you are interested in something other than ETH, you can stake ONE with OpenSwap. They have a validator that auto-compounds your rewards. So you have the security and no IL risk of single staking the original tokens and it takes the rewards generated and compounds them into staked LP pools on OpenSwap.
Here is some info on it: https://docs.openswap.one/harmony-validator/20-apy-goal
Check out yield.app, that’s what I use coz rates are reasonable.
Just remember: not your keys, not your crypto.
I’ve used Celsius & Hodlnaut for awhile now, & am happy w/ both platforms.
You can do re-invested staking rewards with midas.investments — I think they have 18% APY on ETH
I’ve been messing around with VVS and Tetonic DeFi and I’ll tell you, the returns are insane. I do suggest starting small until you understand the fees. Liquidity staking is a little confusing but also has a big upside.
Send me 2eth and ill send you 5eth back…no joke
/S
Sell the top of every run.
Eth is a special use case, though. Once staked, coin is not available at all until the merge.
Otherwise, when it comes to staking, it depends on the platform. Binance doesn’t give you coins until the end of term, but their APY also increases if locked longer. Others give you coins right away, and when your number of coins meets the minimum required to stake/delegate, you can just dump in into the stake. Like manual compound interest.
I have a decent chunk on Nexo. Average rate is probably 12-14%, but the higher rates require higher % NEXO in your account.
Stake TFuel and TBill at TBill.io and some of the rewards automatically compound. The TBill you get paid daily, you can compound if you choose.
The Cosmos Network and the Osmosis DEX. Liquidity pools pay out daily rewards that you can reinvest.
Leave it earning for years on years
RAMP protocol is very suitable for compound interests.
DAFI protocol is my goto for earning juicy APY, their super staking model allows users to stake and earn with much improved infrastructure.
Honestly, it is a complex thing because it depends on the fundamental analysis that you do through the assets.
In my case, when I’m going to do compound interest, I try to analyze: Platform/project/asset, because it’s something that you will have there for a long time.
And while I do that, I keep diversifying into different projects, for example, projects like Solana, BBGM NFTs, Luna, and other projects.
Try to find double-digit APY, but understand that that won’t last a long time, one should be satisfied with their 4% 5% 6% that they get on most exchanges, those numbers seem stable in my mind
AXS is still hovering around the 73% plus compounding mark at the moment, I don’t believe another drop to rewards is expected until 2025. BNB is also knocking on the door of stablecoin rates right now and has obvious potential growth also. LRC is now 5% on binance with no fixed staked and we all know this is going to sky rocket!
Atom on a keprl wallet that way you can stake multiple coins in that ecosystem I just did that yesterday and it seems legit still lookout for scams
Blockfi or yeildy
Best rates