How to Stake ETH (or Not to - *You* Decide!)
Level 6 - Vitamin Butane
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DeFi team here (Specifically BowTiedIguana our Tech/Security Expert) with a guide to optimizing your crypto yield. Unlike last year when all the crypto “Earn” companies blew up (business model: lending your crypto to gamblers), there are now legitimate yield opportunities available in DeFi.
What changed? Ethereum moved to Proof of Stake, allowing you to earn a portion of gas fees paid by users if you help operate the network. And. Interest rates increased.
Are these life changing (capital destroying) ponzi returns? No.
Is it worth clicking a few buttons to earn an extra 3.5-5.5% on your crypto stack for each year you remain invested. Yes.
Who Is This Guide For?
We will summarize the action steps for each group based on their crypto holdings and technical ability. Then refer to the relevant sections of the guide.
Under $60k Crypto Portfolio