Post
Topic
Board Altcoin Discussion
Re: Where do you look for best staking / yield generating altcoin options?
by
PerfectCircle
on 03/06/2021, 07:07:08 UTC
Was curious what websites you use to identify the ways to generate the best APY / APR from farming / staking. And please don't answer "coin xxx is the best". I am interested in a sustainable process, not a one shot fake gem.

For me look for the volume of the coins that's the first thing I do second thing is the system of that project some projects have a APY that reaches 2500% which is really high this kind of projects were fake gems well I think you should also study the background of the project, liquidity also if there's a stake lock or not, audit of course will have a great impact. I'm not really an expert but this were the things I look when looking for yielding pools or staking pools.
Instead of trying to avoid fake yield farming projects with high returns it's better to stick with binance exchange because they wil never list scam projects, I've not seen that happen since day one, the only thing that can go wrong is if the project losses its value when bear market hit hard