ectbit (OP)
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June 13, 2021, 12:44:36 AM |
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Where do you think is the best place to stake or farm your crypto?
Till now i have only tried pancakeswap, but i think it has high fees, at least for the small transactions i make.
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apityeh71
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June 13, 2021, 03:45:59 AM |
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I think Pancake is the biggest DEX that built on BSC that offer low fee transaction. There are alof DEX that built with another different smart contract blockchain that offer product of staking and yield farming. Staking on DEX of waves.exchange and yield farming on Swop.Fi. is great way to earn passif income with less fee. Also on Quickswap that built on Polygon blockchain offer low fee for yield farming.
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Ekyfitri
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June 13, 2021, 03:56:37 AM |
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In the current state of the market, I myself am not so sure if staking and farming crypto will be profitable. the market is still in good shape at the top. most altcoins are also not experiencing a drop in price which is good for us to buy. we can get it much cheaper if we are patient.
now almost all DeFi platforms, DEX exchanges, and centralized exchanges also do staking and farming programs. Pancakes are probably one of the most popular today. but there are also apeswap and sovryn that support the same program.
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NIKUBHI
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June 13, 2021, 04:14:57 AM |
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There is one more DEX that I believe is good for staking or yield farming that is 1inch DEX which is on the BSC blockchain. It has all the features and also based on Binance smart chain so the fee also is low. Many of the major tokens are listed on this DEX and the platform is trusted so, funds remain secure.
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bittraffic
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June 13, 2021, 04:47:19 AM |
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In the current state of the market, I myself am not so sure if staking and farming crypto will be profitable. the market is still in good shape at the top. most altcoins are also not experiencing a drop in price which is good for us to buy. we can get it much cheaper if we are patient.
now almost all DeFi platforms, DEX exchanges, and centralized exchanges also do staking and farming programs. Pancakes are probably one of the most popular today. but there are also apeswap and sovryn that support the same program.
It's profitable when you have the capital to stake. I wanted to try on Sovryn as well since I have SOV. I participated in its campaign but seeing that they are locking the tokens for months and they are going to take a percentage if you unstake them untimely to which staking plan you chose. I changed my mind. There are many platforms to actually do yield farming but it's only good if the prices are going up, if it's not then you are just accumulating pennies. You can appreciate it if you are up to holding the tokens for a long period of time.
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CaptainCrapper
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June 13, 2021, 05:04:56 AM |
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Where do you think is the best place to stake or farm your crypto?
Till now i have only tried pancakeswap, but i think it has high fees, at least for the small transactions i make.
I think pancakeswap is low gas fee at present another lots of firm just like uniswap and some staking frim of personal wallet so I have used lots of swap system but pancake is low fee.
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serjent05
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June 13, 2021, 05:07:51 AM |
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Where do you think is the best place to stake or farm your crypto?
Till now i have only tried pancakeswap, but i think it has high fees, at least for the small transactions i make.
I think among the stake and farm, pancakeswap is the most secure and most stable price. Many new farms had been dumping after their crowdfunding or launch. But if you are looking for high yield then better look for newly open swaps or dex'es since they make use of the high APR to attract new investors but be warn that jumping too soon may incur impermanent losses due to inflation.
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cryptoaddictchie
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June 13, 2021, 05:47:41 AM |
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Where do you think is the best place to stake or farm your crypto?
Till now i have only tried pancakeswap, but i think it has high fees, at least for the small transactions i make.
Personally pancakeswap is good however the fees are getting increase unlike before. I suggest to try farming on matic and fantom blockchain. Both of these network have very small fee. I even do restake and harvest every 12hours if I wanted too without spending a lot since the gas fee per transaction is like $0.0001 you might have more transaction in a year before spending a lot using their network. Plus a lot migrating or expanding on these platforms.
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ectbit (OP)
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June 13, 2021, 12:21:58 PM |
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I saw Matic and Fantom, but the APY is not very high in my opinion. So i stick to pancake till i find something better.
Is there any good strategy for yield farming or staking?
Stablecoins is a good solution if you want to have low risk?
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oemar bakrie
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June 13, 2021, 12:33:51 PM |
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there are still many big markets that exist.. maybe only pancakeswap or uniswap can for this token, big risk, yes, it costs a lot and is not balanced with the results obtained..
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SUPERSAIAN
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June 13, 2021, 01:53:34 PM |
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İt was the platform where I just made two yield farms, pancake and pancakebunny. After Pancakebunny flashloan attack, I immediately left my farm, it was damaged for the bunny farms I obtained. There may be problems with contracts on such high yield platforms, so now I prefer pcs only.
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Hughes_Ryan
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June 13, 2021, 02:13:38 PM |
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Where do you think is the best place to stake or farm your crypto?
Till now i have only tried pancakeswap, but i think it has high fees, at least for the small transactions i make.
Currently I only use four exchanges to trade, including Binance, Tokocrypto, Probit, and Kucoin, because on all four exchanges the fees are very low and also very helpful for me personally. Staking/farming are two categories in Defi's properties. I think, for a while, centralized exchanges will have no guarantee. i tried a few with polygon defi, but it really caused big and horrible lifesteal. i'm keeping an eye on Babelfish and Sovryn - Why can't RSK and defi on bitcoin explode like what bitcoin did. I wait for the resonance from there.
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rozak
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June 13, 2021, 02:20:33 PM |
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It's profitable when you have the capital to stake. I wanted to try on Sovryn as well since I have SOV. I participated in its campaign but seeing that they are locking the tokens for months and they are going to take a percentage if you unstake them untimely to which staking plan you chose. I changed my mind.
There are many platforms to actually do yield farming but it's only good if the prices are going up, if it's not then you are just accumulating pennies. You can appreciate it if you are up to holding the tokens for a long period of time.
most of the farming systems on each platform are like that. accumulate more assets and of course, it will only be useful when the value increases, and that can happen for a very long time. for programs like staking used to be very popular when the market price was falling and many people were confused about the assets held because they had decreased in value. and staking is a way to get more assets while waiting for the market price to recover. whereas in a market like today, I'm not sure staking will be profitable for its users.
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cabalism13
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June 13, 2021, 02:26:41 PM |
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Where do you think is the best place to stake or farm your crypto?
I say, PancakeSwap or on Hot Cross, crosspool.hotcross.com , they seems to have a good platform and percentage on returns though in HotCross it usually runs for 30days and I haven't seen any pool that is longer than that. I also want to add the pools from Sovryn but this is only from their own and not really like PancakeSwap.
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Bohdan820
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June 13, 2021, 02:32:35 PM |
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I only use Pancake on the BSC network. Recently there have been many attacks on other DEXs in the BSC network so I fear that I might lose my funds if I use them.
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sujonali1819
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June 13, 2021, 03:10:43 PM |
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I would like to suggest you PancakeSwap, Venus , Bearn , Pancake Bunny , Autofarm etc.
Pancakeswap is the best choice at this moment. And it's leading the top at this moment. Pancakeswap APR also good as 300%.
Pancakebunny is also a partner of pancakeswap. This also a good choice IMO. Best of Luck
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wajik-tempe
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June 13, 2021, 03:15:19 PM |
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For me currently the best staking for a long time investment is staking ETH 2.0, you can stake your ETH on official ethereum websites by searching it on google (i would like to type it here but i'm affraid it will broke the policy typing another websites). The prospect of ETH staking is really good for the future and many people already consider it since ETH is one of the token with huge growth.
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michellee
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June 13, 2021, 04:27:11 PM |
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Where do you think is the best place to stake or farm your crypto?
Till now i have only tried pancakeswap, but i think it has high fees, at least for the small transactions i make.
I stake some coins at Binance and Atomic and so far, it gives me good rewards. Although I need to wait for some time to collect every reward, I can wait for a while. I am not tried pancakeswap but I heard that it is good for you to stake some token. But you can not expect to earn a big reward from staking, especially if you do not use a big amount to stake and that will need longer until you can have some amount. But still, that is worth staking the coin at that wallet.
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Oneandpure
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June 13, 2021, 04:27:15 PM |
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I think pancakeswap has given lower fees than other farming and staking platforms because they are on the BSC network, other networks like ERC have higher fees, maybe you can try staking at LUNA, or SOLANA because they use a little fee the same as BSC.
Yeah pancake is good place for staking and farming where give more than 100% APY buy all staking and farming depend with participant, when beginning have above 300% apy reward but later left under 100% after many people try to staking or farming on this coin, not consistent with farming percent depend how popular to make many people try with your farming or staking coin.
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