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

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Since the bear market, I’ve basically staked everything I own to generate more passive income.

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.

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.

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.

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.

I'm now considering buying Forest Land there too, as the prices dropped over 15% in ETH and USD last week.

Btw I’m open to all forms of staking, feel free to share your recommended protocols and staking strategies

submitted by /u/AddictedContractor
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한 곳에서 모든 암호화폐, NFT 및 DeFi 를 관리하세요

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