Quote from: Wapfika on June 23, 2024, 05:22:55 PM

Quote from: ShayLegal on June 18, 2024, 07:33:39 AM

A lot of these abound. Ranging from passive earning opportunities like staking, farming and lending, newer frameworks like PoolX are currently having a field day. With the PoolX, users are given an opportunity to stake USDT, $BGB & Other alts to mine other good tokens.

Let me know what you think about these kinds of ways to earn.

This is same with the traditional staking feature since the mechanics is just the same user lock their tokens in exchange for mining different tokens. You can do this feature on Beefy finance and other DEFI that focus on optimizing pools.

Staking is indeed one of the safest feature on crypto to earn but you can up still on loss even after gaining passive profits if your main tokens stake decreases in price. Even stablecoins sometimes depegged below 1 dollar so this method is still not 100% safe from risk.

Casino staking is one method too on gaining passive profit since they use their casino profit to distribute for investors stake money.

I guess the one thing that distinguish this method compared to the usual DEFI staking pool is probably the fact that the project allocate specifically for the exchange to make their launchpool because they have partnership or some sort and the allocation is few times bigger compared to those DEFI.

kinda speaks volume what partnership could do, most of the DEFI just getting scraps from their pool since the token creator usually don't allocate that much to the DEFI unless its some less reputable and famous project. In the case of bitget, bybit, and binance, they essentially just exchange exposure to the billions capital dollar money of their userbase in exchange to token allocation for incentivizing their userbase.

personally though, i find something like megadrop in binance or token splash in bybit to be more interesting, no need to stake money just trade and interact with the project that's it. eliminates the risk of volatility and losing peg too as you mentioned.