Serious tools for adult guys in crypto☺️
I recently came to the realization that in addition to topics, flips, trading, drops, and other such things, there are also more serious matters: DeFi tools and staking.
I decided to delve into what essentially lies at the core of crypto: decentralized finance (DeFi).
I think I'll start with the fact that there is Staking (Surprise).
Basically, you freeze your tokens, and the network rewards you for helping to maintain its operation. It's like a deposit in a bank, only without the bank.🧠
It's important to understand some points:
⏺ Staking is not about free cash. There are many variables, such as inflation or token lock-up conditions. Be vigilant.
⏺ To avoid being a fool, it's worth first looking at reliable networks, like Ethereum or Solana.
Yes, there are no promises of 200% annual returns here, but it's still stable and the most secure.
⏺ Sometimes it's more profitable to stake not on the network, but through DeFi protocols, where you can additionally earn rewards.
🔥The second thing I got into is the very liquidity pools (LP). Here you deposit 2 tokens into the pool (for example, ETH + USDT), and in return, you receive a portion of the fees from all transactions within that pool.
Though there are nuances. They are called impermanent loss or temporary losses.
If the price of tokens changes significantly, the final income may be less than simply holding the assets. An important nuance that can be missed without experience.
🔴Everything looks a bit complicated at first, but I believe it's necessary to understand, study, and actively apply in building your financial flows.
We are maturing, and the tools must correspond to us.
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