A good number of mechanisms exist to enhance earning in the CryptoSpace. Most times, it is ideal to explore a few of them.
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.
When it comes to risks then there's no exemption for that. Based up on the things mentioned.
1. Staking- profits would really be that still affected on the moment that you would be unstaking since most of these set ups are locked within a year and even if does have that
good APY but if the coin/token value drops then it would really be still a loss for you or simply not worth.
2. Farming and lending?- Yes, on some point but im not really that much confident if ever i would really be passing up my funds just to farm up some more.
Nothing beats out if you do really just that simply hold your coins.
The only thing that i do want to do is to trade up. Yes, it is more on active manner or does need up effort but im not really that a fan
or having the patience that i would really be holding up for too long but well it would really be just that a matter of preference since not all would
really be having on the same approach with investment.