Bitcoin Forum

What will you choose? Yield farming or staking? If anyone want to share his experience?

That depends on how much APY or staking interest but in this case i will prefer to take staking stable tokens instead of using yield farming for the shit tokens. The passive income that i will receive it gonna be stable and this will not be affected by the volatility that happened with bitcoin and whole of crypto. Im staking stable token right now and the more capital and the more reward. I receive almost 10k USD interest in a year. I never interested in yield farming with non sense APY

Unless we are in a bearish market, i am one of those that have zero believes in yield farming or staking crypto currency (i have seen the light). I will only advise to join a yield farm or staking pool if the project token is presently dipped and undervalued, that way you can buy and leave on yield farms until the prices improves and greens. Staking or yield farming causes inflation and in the long run does not reflect real value for the token. remember to dyor

Crypto staking is quite profitable if you stake on a reputable pools, staking is an easy way to earn interest on your cryptocurrency holdings, I've been staking Cosmos and juno close to a year now and the amount of airdrop I've received are amazing, I know of a friend who staked $Axs when it was still cheap, he's in huge money right now because axs pumped immensely, in my opinion and experience I believe staking is best

I'm into both.

But what I like more is staking.

It's because of the requirement that it has, you only need the actual token and you're good to stake. Unlike in farming, you'll be required to have two cryptos.

And that's why I'm in favor more of staking despite the little gains, actual little gains but I'm treating my investments for both of it like sleeping money.

If you're just starting, I think you could choose both of them. Now is probably one of the best time to accumulate tokens and wait for the next wave because prices of most tokens are way below their ATH. If you're going to do that approach, you might as well stake or add to the liquidity pools in more popular platforms. Keep in mind that you're not completely in control of your funds once you join a staking and/or a yield farming platform.

There are liquidity pools that stable coin pairs though. I remember some platforms even have stable coin to stable coin pair (i.e. BUSD - USDT).

Yield farming offers higher APY but your asset is prone for impermanent loss so if you are holding huge amount of money and decided to place it on yield farming while the price is very volatile either way, you will lose the original value of your tokens while getting stable APY. On the other hand staking offers small APY but your asset value is as is without any impermanent loss so you will get extra fiat profit plus staking reward if the tokens value increase.

 I prefer staking over yield farming because you can get benefit when the token price increase since volatility in crypto is high while still earning passively.

Staking was the best thing for sure compared with yield farming. Yield farming was also a good choice as long as you are doing it in the right place like pancake swap or something else. In my opinion if you are doing yield farming in the shit token and this will be only wasting your money as the price will be also going down again. Remember that if staking is far better in term of trust and it will give you more benefit once the staked coin will do another event.
That's why so many people are prefer to stake their tokens instead of doing yield farming with a very big APY.

Yield farming is best option if projects is good and there is high chances of higher transaction volume daily. Most of project now launching which gives maximum ApY BUT all will not success so it's better to do yield farming in old best coins.

I chose both because Yield Farming and Staking can give you more amounts in the future to get more profit. But it will depend on the coins or tokens you have. If the coin or token has hopes of rising high in the future, then it's worth doing, and while you wait for the price to go up, you can get a decent return from both programs. But perhaps, I prefer the Staking program over Yield Farming

I have followed yield farming on Pancakeswap several times and I think yield farming depends on the projects we support, if we are lucky we can get big profits but from what I follow most projects are slow and make me impatient, and I prefer auto staking because it is more practical and no need to check every time when in yield farming.

So far what I've tried is staking on several different coins and the results are definitely decent so at this stage I think it's still more suitable to choose Staking, but if some people still like farming, it won't be wrong to try it here either.

I completely agree. Currently, as far as I can see, there are many projects with farming strategies that use Yield Farming that bring APR and APY. Most of them are very complicated and require users to know very well what they are doing. If we don't really understand how the protocols are working, the possibility of losing money is very high. Just like you, I also like staking stable coins for security and still get a profit that I am very happy with.

So far I've just tried staking and yes, it's good for the results in the future, and what I know for Yield farming we have to have 2 coins to do this.

I lost so much money participating in DeFi due to IL and hacks that it's not even funny. I suggest if you are farming to only farm stablecoins. Staking projects like ICP give better rewards generally than farming anyway.

This time im still doing farm on pancake swap and as far as the reward getting paid with the good token like cake. i prefer to do farming rather than doing staking. My main consideration is how many APY rate that already offered. I think that i can earn more and fast through farming rather than staking. The risk was also the same with staking but you will earn more reward as long as you can pick the best platform and token to be farmed.

I will go with staking because of the ease of convenience and decent profits that we get from staking.
The requirements for staking actually depend on the coin that you are staking but for most of the coins the requirements are slim.
I have been staking a coin from past 6 months and I am happy with the returns so far.

I choose staking more than yield farming and its obvious on stable coin "! Altcoin maximum time do good in his starting position but in farming day by day its going down and down more than so i always take a interest in stable coin staking.

None of the above, I've seen how ugly staking coins that are volatile can get in a bear market, if you want to stake or farm altcoins its better to do it in a very bullish cycle, a month or three months you will get your rewards and move on but if bear market catches up you will see the ugly side of staking.

As others say, it's hard to say more without additional information! First of all, you need to choose a good project that can do something in the future, so that farming/staking is not in vain! It's common to think that lower APY is less risky, while higher APY is a high-risk investment, but it can be more profitable! So with what you will go is up to you!

When it comes to my experience I am staking some coins in some wallets that have that feature! I am fun of some casinos with a staking option so I do that also! Recently I am staking BSW at BiSwap and it's pretty fine for now, we will see how will that go in the future, with +50% APY I consider it a risky investment, but I didn't invest more than I can afford to lose!

Both depend on what you are doing them with. If you are doing yield farming on a shitty token then you will lose money, but if you are staking a shitty token then you will lose money as well. It doesn't matter how you are trying to do these, the only thing that matters is if you are doing the right token or not.

So, let's assume you find a yield farming chance with bnb-eth pair or whatever, that's trustworthy right? People will dislike it because it will have a very low return, but at the very least you know that the price will go up in the end even though you will not make any profit at all from the farming part, which you still do. Hence, as long as you pick good tokens and coins, you should be fine with either.

It is essentially the same thing. The only difference is that Yield farming involves different movements of funds to maximize profits. All this requires certain skills and knowledge, in contrast to the same steaking, where you just give your funds and get a percentage of them. The good times for Yield farming were in 2020, when the DeFi hype was raging.

Personally, for now, it's much more efficient to be staking in proven pools, even the same DeFi protocols that have proven themselves since the DeFi hype of 2020. Yield farming is riskier and more costly in terms of interaction with smart contracts. Personally, I would recommend newbies to use staking and stay out of Yield farming until they have the necessary knowledge

When looking at farm produce vs. staking, staking is often a simpler strategy for passive income, as investors simply decide on the staking pool and then lock their crypto. Yield farming, on the other hand, can require a bit of work — as investors choose which tokens to lend and on which platforms, with the possibility to keep switching platforms or tokens. Providing liquidity as a yield farmer on a decentralized exchange (DEX) may require depositing a sufficient amount of a pair of coins. These can range from niche altcoins to high-volume stablecoins. Prizes are then paid out based on the amount of liquidity deposited. It often pays well to switch between continuous yield farms, although this also requires paying additional gas costs. As a result, yield farming can benefit more from staking from active management. This is how crop farmers achieve the highest possible yields.
yield farming is more complex than risking — but it can also yield higher returns if you have the time, tools, and knowledge to manage it.

We are entering a new era of economics and finance. Web 3.0 opens more doors for crypto users to get higher ROI with crypto investment. With Web 3.0 Defi is exploring even more and expanding very rapidly. Within Defi yield farming and staking both give calculated ROI on investment.

But as we all know every altcoin completely depends upon bitcoins price and its value in Bitcoin. So, making an investment in Defi is a very High-Risk investment.

But using various information about Altcoins, Crypto, Bitcoin, Defi, Ecomerce, Farming(Yield), Gaming(Virtual), Liquidity Mining, Minting, Open Source, and Staking, anyone can get unbelievable returns on crypto investment, but at the same time, there is a risk of getting losing equity or even risk of getting hacked due to a data breach, or any attack.  So always be safe, and secure with your crypto asset.

So always warned to make DYOR and never invest that much amount you cannot afford to lose.

I really get your point but I think the beauty of staking coins that are not stable is their ability to rise and of course fall as well. Case of Pancake swap. Please do not mistake my words for greed but to me 1 USDT will always be 1 USDT. So why don’t I take chance and invest in a project i feel has potential while I’m still earning on them..

That's right, that's why it's requiring you to have two cryptos for which is needed for you to convert if you want to farm.

I've done that in some pools and farms and I can't say that I'm much satisfied but it's part of the process and letting them grow until the right time come to harvest.

Hopefully that it will be like what I've earned with just holding bitcoin and ethereum.

Yield was even better rather than staking. With dual stable token farming and you will have better income. You must a look at pancake swap. You can find stable token pair on this defi and then you will be seeing how good APY that already offered by cake. You will be paid by cake. We know cake was a good token with good fundamental and the price is quite stable. You can get it for free through farming but there will be only impermanent loss. Im still farming cake right now and got decent amounts of cake everyday.

I agree with you. If you want to set up yield farming, it takes various steps and even with the BSC network, the costs all add up quickly. I always tried to lowering the fees but than sometimes transactions got declined while you still need to pay for them. Tried the yield farming out in the past, it was a hype after all, but stopped doing it after a while. Staking is a lot easier and less worrisome.

Yield farming tends to get bigger results than usual staking but don't just focus on bigger results, of course the risks are also big.
Which one is better, I usually always adjust it to current market conditions, Yield farrming is very suitable to be used when the market is positive, because yield farming requires positive market support to be able to get instant results, of course this is very good. However, staking usually has a yield rate of less capital scale, although a little large capital that you invest will actually be very good, staking is usually used when the market is in a negative market condition, because it is quite good while waiting for the positive market to come back.

Staking, just because its non custodial and low risk. Yield farming platforms get hacked all time. Returns might be lucrative, but can be swept away even faster.

there's a stable coin to stake if the situation of market isn't good or let say you are afraid of the volatility of some token that can cause losses afterwards. infact their APY is quite interesting as well and surely it's safe than yield farming, wherein no shitcoins and hacking issues.

For the short term I choose yield farming, for the long term I prefer staking. You can use both conditionally. The positive market supports us to generate more profits immediately by taking advantage of the yield farming feature and the negative market makes us have to hold the coins we store longer, rather than having to hold them in the wallet, staking is the best solution to get long-term profits. even so, the decision to take risks is the most important thing, both have the same risk scale, you can choose whichever you think has a lower risk.

From my experience, yield farming is more risky than staking.
The liquidity providers are taking control of price in yield farming tokens, we should sell before they take the liquidity and drop the price.
I prefer to choose staking dan farming because of that. But if you have enough money to become liquidity provider, you can choose to buy yield farming token.

Now that other blockchains and networks are well developed, the issue of interacting with smart contracts in yield farming is not as painful. In 2020, for example, when almost all yield farming was focused on the Ethereum blockchain, you had to interact with smart contracts very often. And those interactions were the most expensive of all the commissions and could reach several hundred dollars. And you had to pay for everything: for the transfer, for the swap, for adding LPs, for removing LPs, etc. Other than knowledge, you really had to have a lot of money to do profitable farming.

I haven't done any analysis now, and I can't claim for good returns in other blockchains, but I have a feeling that the best farming pools are still in Ethereum blockchain.

Yield farming is profitable for those who entered early and there are too many twists about it. I'd rather pick the old school and basic staking where you just use your coin and let it do the job for you. The more the better unlike with yield you enter early with high APY and you reap the rewards better than the last one who offered higher.
It's a higher risk, that is true but the same is for staking which you don't know what could happen at any time.

To be honest, I've always preferred to use staking over yield farming. in my opinion, staking is much easier and more profitable than farming. Because staking is almost fixed at apy, but yield farming does not depend on fixed apy because farming is always paid on the exchange number of the users and the power used by that pair. In order to stake, we just need one coin, but in farming we need two coin pairs. First we have to pay liquidity, then we have to start farming. In this case, staking is easier. That is why I loved to do staking with my holdings of money. It's just my opinion now, others can be different. Thank you.

Staking has a high success rate, moreover most of them are tokens or coins that have good fundamentals,
and even Binance has also opened its staking feature, of course I recommend staking over yield farming

Have been earn much profit for staking on AXS coin trough still lower price but have several investor stake with AXS after coin pump above $100 and right now drop drastically under $50. I don't worry with AXS because moat potential coins and have chance back on the top price, with consistent 75% APY reward staking on Binance as AXS coin I think is good altcoin collected for staking and keep consistent price right now.

both yield farming or staking are important and one can use any. but it is about knowing what both entails and the one that suits you. yf or yield farming and staking both share similarities but yf is more recent. it is an investor storing their assets in a liquidity pool to earn passive income. the liquidity pool are like the centralize finance, where you deposit your assets then the bank use it to loan others. then the interest is shared between the bank and you. the yield farmers get their interest in form of apy. while staking is like is like putting up collaterals as proof of parts stake in the crypto world. one has to consider what is at stake before staking.

Staking and Farming both of my side but it will depend on your tokens, i mean most important thing is which tokens you will put for staking or farming. I have experienced with staking although i didn’t get enough profit due to dumping token price, so i would like suggest stable coin would be good choices for staking.

Staking is the best for me, I am staking some coins now and they give me good returns. I don't wanna try yield farming as I am able to earn profits from staking at the moment. I don't know how that works for you but if you are planning to get advise base on us making some polls, then you would see so much positivity with staking.