I would like to know what drives you when choosing a staking platform.
I assume you are all familiar with the Celsius situation. I recently came across an article again about investors asking a judge for help. It’s creepy what’s been happening lately with the titans of the crypto platforms.
Everyone is now an advocate of decentralized platforms, chanting the catchphrase Not your keys, not your coins, I researched platforms that are the most known as Aave and Sushiswap.
I would like to hear your thoughts on them.
Personally, I like the fact whenever you lend on Aave, you’ll earn aTokens. And normally, the longer you lend, the more you’ll receive.
Then when it comes to Sushiswap holders that stake tokens, will receive xSUSHI tokens, representing their stake in the SushiBar pool and they have guaranteed voting rights when it comes to decision making.
Since the rewards in the form of synthetic tokens attracted me, I came across the DAFI protocol. DAFI Protocol utilizes synthetics token system to tackle the problems that hyperinflation causes to so many otherwise promising DeFi protocols. “dToken” is pegged to projects’ native tokens. They will upgrade the current system and provide even better rewards.
Are you encouraged by these synthetic rewards and would you go for it?