If there isnt really anything out that is relatively safe i am happy to continue hodling it on my ledger. But if any of you guys are aware of something new that i havnt heard of please feel free to let me know thanks.
This is the best option right now. To just hold.
I'm holding Bitcoin for 2 years already and until now, I didn't think of my Bitcoins being used to lend out to these platforms that offers lending where you can earn somewhere around 5% or more per year. Kind of attractive, but I won't risk it.
You already said that you're lucky that you dodge the bullet against Celsius, and there are some who are lucky as well when Gemini ended their Earn feature. Sometimes, just idling your Bitcoin is a better and safer decision because I don't see any way either for my Bitcoins to earn more Bitcoins aside from it being lend to somebody.
5% looks small but if more than that (above 10 or 20%) then that might be tempting already, yet I will think really hard if I will do it or not because I already heard horrible stories about how lending platforms can collapse. It will be hard to sleep at night thinking that your Bitcoins are not in our control anymore and at any moment you can potentially lose it. If we want to earn more then the key is to buy more Bitcoins.
The most effective way of doing it is when the market is crashing really hard. Investing in our own using a trusted wallet brand (preferably offline) can be the best way to earn because the risk of doing it is only small but the return is high.