Bitcoin Forum

Hi All,

Any defi coin i buy do i need to stake or can i just accumulate as much as i can on an exchange and hope for some profit?

Or do all buyers of DEFI coins stake?

Thanks

DeFi is not always related to stake and yes, you can use the second option by accumulating as much as you can to make a profit and selling the tokens once your target is sufficient because many people do the second option more often than the first.

I advise you to accumulate bitcoin or ethereum as much as you can but mostly, focus accumulating bitcoin. If you have noticed that the price was $9,900 last time. It managed to moved up rapidly to $10,700. But if you like defi, you have a reference to look at.
https://coinmarketcap.com/defi/

You can buy Defi cons as much as you like from exchanges just make sure its a good defi project.  There were coins like TRX that you will stake to earn DEFI tokens as I read on the chat, its not worth becuase it will take time before you can get substantial amount than just buying them.

Staking your DEFI tokens is deffirent, to some platform it means minting the stable coin to lend which is a way for you to profit. Carefully learn which platform you do this or learn the hard way.

So you are wanna try to look for some profits in this defi hype? I think it is not a wise option to do since you just FOMOed on it, better to learn more till you understand it well then you can put your money in.

Some good resources for you to learn:
[1] https://academy.binance.com/blockchain/the-complete-beginners-guide-to-decentralized-finance-defi
[2] https://academy.binance.com/blockchain/what-is-yield-farming-in-decentralized-finance-defi
[3] https://bitcointalk.org/index.php?topic=5275390.0
[4] https://defisafety.com/

It is upto you so you should decide yourself, staking is a relatively longterm program while i have seen people entering at presale prices for a quick 10x to 100x which many defi projects have already provided so flippers from ico era have now found their new playground to say the least.

check this link https://coinmarketcap.com/defi
and choose any kind of defi type project mate,, i believe not all buyers wull stake their defi coins buddy, sometimes they just bought for profit

Hey, you don't have to stake at all but it is another way to earn a little extra. However, you can just buy the coins and keep them on the exchange at your own risk. In other words, it is up to you if you want to stake or not it is not mandatory, and equally you can accumulate on exchange too. There're pros and cons with each method and it is for you to decide which one is for you

May I know what DeFi project you do want to invest in? coz the market is literally f8ked right now with shitcoins and surprisingly they are pumping for weeks ??? DeFi isn't a staking one if that's your only question, you can just buy their coins as many as you want and cry later calling for the project CEO lol kidding aside, decide to yourself which project is best for your money 80% are just shit and will your pocket loose  ;)

You can accumulate your defi coins as much as you can or you can also stake them all at the same time. The two options were possible to did it. Mostly the defi buyers are staking their coins to get the annual yield. Some defi projects are also offering very big APY that makes the holders can farm more and more coins very fast and then dump it to the market.

If you wanna get the staking yield from your coins and just stake it. Almost all buyers to stake in the defi platforms.

if he will just continue to accumulate his defi tokens, more then likely he will regret that he didn't sell when it has still value in the market. because let's admit it, most of these defi projects will die down in few months time. only those with real intentions of implementing their objectives will survive. and right now, we can't see which projects have the chance to pull it off.
 but there are already warning signs for those that may end up as scam such as those projects resorting to plagiarised wp, using fake profiles.

You can buy more and more defi coins to be stored into your wallet. Stake is just like a feature that being offered from that platform. As a user you can choose whether you wanna try to stake your coins or keep it in your wallet. it doesn't matter whether you wanna get the passive income from your coin or not.

Majority of buyers will always take the opportunity to get more profit from the market. I should remind you that if when you can get more and why not? That's not a mandatory but that's worth when you are staking your coins.

Overview on DeFi (https://bitcointalk.org/index.php?topic=5256820.msg54651049#msg54651049)
DeFi hacks [history] (https://bitcointalk.org/index.php?topic=5267124.0)
[Tutorial] Decentralized Finance (DeFi) for Noobs (https://bitcointalk.org/index.php?topic=5275538.0)
DeFi Safety - Audit List (https://bitcointalk.org/index.php?topic=5273137.0)
[DeFi] Yield Farming Guides (https://bitcointalk.org/index.php?topic=5275390.0)
[BIG LIST] DeFi Projects & Tokens (https://bitcointalk.org/index.php?topic=5268804.0)
Define the (scam) DeFi (https://bitcointalk.org/index.php?topic=5273078.msg55114472#msg55114472)

work on customs with the decentralized manage gives of chance on parties gains with benefit of offers as appealing uses of possession with equity on extensive as confirmation with the release of objective notion to put on masses with initiation on parts of the trader.

If you have bought defi coin and why don't you just stake it and earn incentive from the platform? If you have no intention to get this and is not it better to buy native coin rather than defi coins? people are buying the defi coins caused by the incentive that has already offered like big farming yield of sushi.

You can accumulate as much as you can afford it but that will be used if you are only keeping it when you have ability to use it to get incentive everyday.
You should decide by yourself. It's not all buyers staking defi coins but they are buying defi coins for fast profit.

I read through the posts and links on the thread and it's been very educative. Decentralized finance may become more pronounced in the future, if the loop holes are worked upon. I got to know about yield farming and the various platforms that could serve in this capacity. Yield farming can be enjoyed majorly by whales, who are willing to take the risk.

Hello Friend how's it going 8) ? Daniel Grosso writes here, the Defi are a good investment option but I recommend that you do not invest in DEFI that have a food name such as suchi or hot dog because they went on sale and in less than 24 hours they have experienced a pumping movement and Collapse, so the best thing would be to educate yourself more so as not to fall into bad investments, greetings ;)

You can buy as many defi coins as you want, Moreover, defi is now a trending topic in this forum, Very many investors have bought defi coins and kept them in their wallets. But you should not be too passionate when investing, you must know when to buy and when to resell, because if you are wrong when making a decision, then the risk is you will lose the money that you have invested. 
My advice, make quality investments, do not by quantity.

Not all can be stake. But majority of the defi can be staked. If youre looking for a defi that is focus on staking I suggest mantradao and swingby. Both of their staking APR is high. If you go to exchange supported their staking, you can see that the reward percentage is 88%  so its not a bad deal to buy a lot of mantra and just stake it on the exchange. They have upcoming rio defi so, I guess thats a good chance for you to buy this coin.

Named DeFi coin with a food name is one thing of many red flag how the project is not serious, it's more like joking. But, it doesn't mean all DeFi project without food name is legit (e.g. YAM).
To determine whether legit or scam is you need to check their team, whitepaper, social media, the token utilities, etc. IMO all of YFI forks will collapse soon.

No, it’s not a must that you’re going to stake, staking a token is by choice.
I would even prefer the second choice which is accumulating a lot of tokens and then selling them when their prices goes up and I make profit.

What if you decide to stake your tokens and assuming you stake it for one year whereby your tokens gets locked for one year, what are you going to do when you wake up and the market price has crashed a lot? I have seen a few DeFi that we are trading at high price and within a minute they crashed to zero. But it’s still up to you what you think would be best for you.

Nope. Staking is only your choice, DeFi is not always related to stake and you are free to do anything for your coins on exchange. If you're looking for DeFi coins you can join/follow these channel: https://t.me/blockchain_lobsters, https://t.me/FomoCathers and https://t.me/cryptodakuofficial. Or you can see all DeFi coins on https://coinmarketcap.com/defi/

I won't advise anyone to join in the staking business, due to the prevalence of scam and the fact that to make substantial returns from staking, you need to invest a substantial amount of money. The easiest way to be from Defi hype with lesser risk is to secure Defi tokens and trade, selling at a higher price feels better.

I really think staking in DEFI is very different than staking on POS tokens. I found out about this on OIKOS project because the term used was MINTING which essentially you collateralize the DEFI token by borrowing stablecoin.  Borrowing means you will be accumulating interest. You don't wanna accumulate interests while not using the borrowed amount which is why you need to trade the stablecoin to profit and then you will have to repay the interest/debt to unstake.

Basically, this is like Margin trading on Binance.

You have to sell for high price than your purchasing cost that is how you are supposed to make profits from crypto investments but it seems defi are highly active and these kind of hype will lose in short term so staking is really not a good idea at this time.

So you're one of those which will ride the hype.

You can just buy them but please do be careful in picking what DeFi you will support.
I don't want to offer you any suggestions here since it may go bust and just blame it on me.  ;D
Most of them do look good on the outside but who knows it may end up a scam.
Not a lot of them are doing the staking process so yeah, just need to buy it directly with exchange and wish for a better future.

DEFI means decentralized finance, there are many different forms within DEFI.
https://academy.binance.com/blockchain/the-complete-beginners-guide-to-decentralized-finance-defi
The form you are looking for is in the link above.
To make a profit you can exploit through farming by using your money to lock in liquidity to receive shares.
One more way is to find good projects and keep them before the token's price goes up.

It is up to you. You can stake them to get large yields if you want. Some of them are offering up to 2000% which sounds great at first but there is a risk involved if market so chooses to change direction. Choose your investment carefully and more importantly stake very carefully and use flexible staking so you can pull out your token any time you need to. It's much simpler and easier to grab the tokens as they come without staking, this allows you to sell them faster if things go south. Whatever you do research first to build confidence.

Yes, trading is the safest way of looking for profits for everyone, because it can be done in the short term as well as the medium term and even the long term, but we also have to always be aware of every market condition, because market conditions can also change in a moment even at time we didn't expect at all.

The important thing is to make sure the defi project you want to have is really legitimate and not a scam.
make the right choice if you have done research on the defi project that you believe is correct.

you should carefully read a whitepaper and understand business model of each defi token you want to get in. because all they have different models of returns. accumulating token could be used with or without staking them. usually in dex tokens (i prefer to invest) - i use both

yeah i'm also pay much attention to staking + accumulating defi on credible dex projects - mostly because the model is clear and transparent

It is your coin, that is to say, you can do whatever you want with it, you can trade, you can stake if possible, you can also hold, it all depends on what you want and the knowledge you have already about it. That is, assuming you are a good trader, you can trade your coin the way you want, assuming you know how to stake, you can also do so but make sure you stake in such a way that you can easily pull out when you are no longer interested in it and the last is holding, which you can just buy the coin and keep in a secure wallet. However, in whichever you want to indulge with, endeavour to research well about the project in order to make sure it is worth it, that is, you don't hold and the token becomes worthless after a time because of team's lack of potentials.
Lastly, all buyers of DeFi coins decides on what they want to achieve with their coin, it's not all about staking.

besides, i just found stablecoin dex with interesting defi model and nice returns for liquidity providers, checking them now

Staking should be best since you can earn while you still hold it.


It's no wonder DEFI projects are almost going up. I'm just not sure which one is really worth investing this time after I sold some of my Aave.

There is burger and pancake swap on finance chain and both are pretty much of a low price yet compare to the sushiswap that already took off.  I never thought of buying sushiswap back when there was an issue about it, the price of the coin nearly dip below $0.50 but now its almost $8.   DEFI RULES!

I invested in $PCX they are the bridge between $DOT and $BTC and between $KSM and $BTC.
They patented the technology and will participate in the auctions of both parachains.

If you are still searching for a coin that can do *100 this is the one in my opinion.

Please DYOR

Its true how defi work, but its not logical to borrow stablecoin with the defi which u buy with a stablecoin/ ethereum.
Why not just trade it straightly in the market instead of buy defi to borrow stablecoin first?

All the hype around DeFi is actually the hype around farming. Don't confuse farming with staking. In the case of staking, it's not about tokens, but about cryptocurrencies. You just need to determine what it is convenient for you to make money on.

they aren't bad. likely a team has good strategic vision and they are backed by a public company

DeFi projects are very popular with their farming yield but it's never the same with Proof of stake coins, I gotta warn you though if the DeFi project ROI is too high it won't live long before the team close such project and escape with tons of money, investors money actually, be careful

Yes, true. because if we look at the development of the Defi project itself, from day to day it has decreased. so if we spend the money we have to invest in defi coins I think that should all be considered before doing it