Bitcoin Defi Strategies?

[Darkmetman86]

Hi all,

New here, just wondered if anyone knows of any platforms other than interest accounts like NEXO/CELSIUS etc that allow you to earn BTC? I've been getting more involved with Altcoin Defi recently and have started dipping into yield farming and lending/borrowing, is there anything like this for BTC that anyone is aware of?

Thanks in advance!

[livingfree]

In most exchanges, there is that type of interest account that allows you to earn bitcoin. But they're risky because you're giving your bitcoin to them as a deposit and you hold no private keys afterward.

Exchanges like Crypto.com - https://crypto.com/earn

And the others are on this list - https://interest.coinmarketcap.com/

[Darkmetman86]

Thanks for the reply, yeah I was looking for more defi strategies rather than exchanges/saving accounts.

[mk4]

Head over to DefiLlama[1], select your preferred blockchain, and a list of projects/protocols with staking/LP functionalities will be listed.

[1] https://defillama.com/chains

[Husires]

Bitcoin is POW crypto and therefore you need to mine Bitcoin to produce new coins.
Decentralized finance works on POW that Bitcoin does not support it.
To get profits, you need:

• Deposit your money to a central platform: they will have your money, they will invest it and if it makes profits, they will give you from it.
• Sharing the private key: You will get some kind of control over your currencies but it will be a trusted third party to both parties, and profits cannot be guaranteed.

If you want to get an interest on bitcoins, you have to trade.

[logfiles]

Why sweat, struggle and risk it all in the name of centralized buggy Defi's, yet you can just buy the deep and keep calm?

For example, the dips in January 2022 and Feb 2022 where BTC was worth $35K. If you bought it then;

Profit to this date is more than 30%

If it was a Defi with a reasonable APY of 10%. Do you think you can make that much while risking your whole 35K?

[livingfree]

Thanks for the reply, yeah I was looking for more defi strategies rather than exchanges/saving accounts.

You may consider the suggestion of logfiles about defi's. There's no other suggestion too except mk4 about what you're looking for.

Anyway, most of the dex that I've looked into its earn feature, there's no bitcoin yielding but I know that there could be a few of them since there goes the wrapped bitcoin that they probably have been supporting.

[el kaka22]

Freebitco.in has bitcoin interest. If you buy fun tokens and hold it long enough I believe it reaches as much as 5%, but at the start it is 4% which is not a bad number at all. I have to say they are one of the most trusted casinos in the world, and they have been paying that interest daily for a long time as well, many years now.

So, there is no need to worry about if they will pay or not, they will pay for sure. They are also making so much money from the gambling side that even without their other investments that they use this money for, they would be able to cover that interest rate very easily. They do this for everyone who has money there, so you do not even have to invest to anything or lock it, just put the money in there and you will start earning.