now I am getting passive income from some farming and staking at Pancakeswap and Bakeryswap and most recently Mocktailswap whose daily APR is quite large, around 600% to 700%.
Say what???
Are you telling me there's a legitimate way to earn that much of a return (emphasis on legitimate)? That just doesn't sound right. In fact, members have gotten tagged here for promoting services that advertise rates of return that are much less than that. Anyway, I've never heard of either one of those sites. I'll have to take a look to see what they're all about, but I doubt I'll end up using any of them. It sounds way too good to be true.
But I would be away from staking through exchanges, if it's possible to stake to a wallet, that will be my better choice.
I would definitely not stake on an exchange, even if they're one of the more reputable ones. Not your keys, not your coins--you never know what kind of snag is going to prevent you from accessing your coins, and if they're on an exchange it's all out of your control.
As far as cloud mining goes, are there
any such operations that aren't a scam? It seems like nobody around here mentions cloud mining anymore, so I assume they've gone by the wayside. And yeah, I'd stay far, far away from them. There are much better, less risky ways of earning passive income.