BendDAO Գին

Staking in bear market - YES or NO? (And your strategy?)

<!-- SC_OFF --><div class="md"><p>Since the bear market, I’ve basically staked everything I own to generate more passive income. </p> <p>Tokens: Ngl I staked Polygon on Stader solely because of its incentives, specifically its high APR ratio (80%). I want to earn as much interest as possible with liquid staking, in which funds remain accessible in an escrow, w/o the lock up period or having to run my own node. Going stable could never go wrong, especially during this market condition.</p> <p>NFTs: During the bear market, I staked all 3 Azukis on BendDAO and bought another Azuki with my borrowed money. Its floor price was at 9 ETH weeks ago and already rose to 11.4 today. I believe Azuki will bounce back to 20 ETH worth in a year, and there’s no better timing to stock up than the bear market.</p> <p>Not sure if this is an unpopular opinion, but I think as long as it's a blue chip NFT, it's worth holding for the long term. Of coz the money invested must be your spare money.</p> <p>In-game assets (Axies): I staked my Axies in MetaLend which still allows me to play with my Axies and earn SLP. While I don't make a lot of money with this game anymore, I wanted to give it a try because using collateral to make consistent profits is an attractive side income. </p> <p>I'm now considering buying Forest Land there too, as the prices dropped over 15% in ETH and USD last week. </p> <p>Btw I’m open to all forms of staking, feel free to share your recommended protocols and staking strategies</p> </div><!-- SC_ON -->   submitted by   <a href="https://www.reddit.com/user/AddictedContractor"> /u/AddictedContractor </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/yjalus/staking_in_bear_market_yes_or_no_and_your_strategy/">[link]</a></span>   <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/yjalus/staking_in_bear_market_yes_or_no_and_your_strategy/">[comments]</a></span>