Earning interest on coins through DeFi. Is it Safe/Legit?

[tabas]

Earning through staking on Decentralized Finance platform has been a great tools through which people make passive income in the past few months. It works like having a fixed deposit in bank. And this staking features has helped a whole lot not in driving series of DeFi coins or token to a very high ATH as it brings about people acquiring more to be staked and reduced the quantity offered for trading.

It helps the market and economy of that token because it locks tokens on those platforms for a certain time. And when that happens, there's a lesser supply in the market which makes the price a bit higher. But I'm not still on it.
I don't find the rates are good for me and I better choose holding than sending it there.

[1714772911]

1714772911

[Fatunad]

Earning through staking on Decentralized Finance platform has been a great tools through which people make passive income in the past few months. It works like having a fixed deposit in bank. And this staking features has helped a whole lot not in driving series of DeFi coins or token to a very high ATH as it brings about people acquiring more to be staked and reduced the quantity offered for trading.

It helps the market and economy of that token because it locks tokens on those platforms for a certain time. And when that happens, there's a lesser supply in the market which makes the price a bit higher. But I'm not still on it.
I don't find the rates are good for me and I better choose holding than sending it there.

Do it ever in this investment does offer some reasonable or tempting rates or interest of your coins to be held up for a specific period of time?
So far in my experience i havent seen one and when it comes to risk ratio then i dont see for it to be worth on putting up your money with this one.It is much more worth if you do just simply
held of your own coins with your own wallet and you might able to earn bigger than into those interest that had been offered and not just talking about on the money you can possibly
earn but also with the risk because letting those 3rd parties handling out your funds isnt really that giving out confidence on my part, nothing beats out when you do
possess the keys rather than on others wallet.

[tabas]

Earning through staking on Decentralized Finance platform has been a great tools through which people make passive income in the past few months. It works like having a fixed deposit in bank. And this staking features has helped a whole lot not in driving series of DeFi coins or token to a very high ATH as it brings about people acquiring more to be staked and reduced the quantity offered for trading.

It helps the market and economy of that token because it locks tokens on those platforms for a certain time. And when that happens, there's a lesser supply in the market which makes the price a bit higher. But I'm not still on it.
I don't find the rates are good for me and I better choose holding than sending it there.

Do it ever in this investment does offer some reasonable or tempting rates or interest of your coins to be held up for a specific period of time?
So far in my experience i havent seen one and when it comes to risk ratio then i dont see for it to be worth on putting up your money with this one.It is much more worth if you do just simply
held of your own coins with your own wallet and you might able to earn bigger than into those interest that had been offered and not just talking about on the money you can possibly
earn but also with the risk because letting those 3rd parties handling out your funds isnt really that giving out confidence on my part, nothing beats out when you do
possess the keys rather than on others wallet.

I don't find the rates tempting but they are reasonable. Just as I've said, that I'm better to hold my coins than to put it on any of the same feature of locking it on exchanges. Although there are flexible terms that you can withdraw anytime but you don't expect the interest would be that much.
I agree, we hold it on our wallets and we have the keys.

[stomachgrowls]

They might be legit at first but you wouldnt know when it runs until half year and do know that certain news that they had ran all of the money that they had gathered which is a casual thing that do happen on this cryptocurrency world on where  those fools who do believe on good returns will really easily believe with these basic schemes.

For some DeFi risk then this would be a good read up.

Does DeFi offer investors higher returns with no middlemen or a higher risk of fraud?

One of the common uses of DeFi.
-Lending platforms that use smart contracts to replace the usual intermediaries

It does sounds good and right but doesnt still remove the fact for possible scams to happen.Never ever consider to say that 100% safe do exist.

[santiPOGI]

They might be legit at first but you wouldnt know when it runs until half year and do know that certain news that they had ran all of the money that they had gathered which is a casual thing that do happen on this cryptocurrency world on where  those fools who do believe on good returns will really easily believe with these basic schemes.

For some DeFi risk then this would be a good read up.

Does DeFi offer investors higher returns with no middlemen or a higher risk of fraud?

One of the common uses of DeFi.
-Lending platforms that use smart contracts to replace the usual intermediaries

It does sounds good and right but doesnt still remove the fact for possible scams to happen.Never ever consider to say that 100% safe do exist.

It is indeed, I totally agreed that's why it is still much good and safe to make trade into cryptocurrency or altcoins in the market rather than
DEFI coins. In fact, it is very seldom to me to trade defi coins, I might don't know if the coins that I hold can be one of the Defi coin but usually, I like to earn via crypto currency that's the truth.

[FinneysTrueVision]

There is always some risk when you are trusting somebody else with your money. DeFi carries more risk because there is no insurance and there is no central authority you can go to that will protect you from being scammed. We've already seen people lose a lot of money due to hacks and scams but the promise of high returns is what lures investors into taking their chances.

[shoreno]

There is always some risk when you are trusting somebody else with your money. DeFi carries more risk because there is no insurance and there is no central authority you can go to that will protect you from being scammed. We've already seen people lose a lot of money due to hacks and scams but the promise of high returns is what lures investors into taking their chances.

promise of high return is infact already a signal that something bad may happen soon but if there are still takers with that they should understand the risk that they are going to face .

lots of scams in defi are reported and its normal because like you said defi are decentralized but im not saying that there will be no scams in centralized areas but that may be lesser because they afraid that they can get reported .

[ultrloa]

If I where you guys you should never trust any third party platform to hold your bitcoins or other valuable coins since we don't know if the owner will follow what they have written on their whitepaper about the staking terms and also to many DeFi scams happen recently so its really risky thinking to gives a though about this kind of investment.

Just trade your coins since the percentage they offer to you is can possibly earned in short period of time if you know how to trade your coins in certain trusted exchange available.

[crwth]

The offers and functions of staking make it available to earn those types of interest. I think that's one of the reasons that it's spiking in uses as well. Mostly, it's always going to be tricky because as long as the price of them is increasing, the result is better. Still, once it changes in direction, there might be a crisis in which you cannot withdraw it immediately because it will be locked or something.

Once you invest in something like this, make sure that it's going to be something that you can afford to lose, just like in any investment.