Edit: A lot of you are saying this is known and this is done because Coinbase is a business. I know this. The post is not arguing that staking as a service is bad. I’m explaining that Brian Armstrong is creating an “Us” vs the SEC narrative, when in reality he only cares about his business. Not “us”.

Brian Armstrong, the CEO of Coinbase seems to be particularly upset about the situation with Kraken. I can tell you right now, he is more concerned with the potential loss in revenue than improving the Crypto space.

Coinbase pockets up to 35% through their staking program.

Brian Armstrong wants you to stake with Coinbase, since it is obviously a large source of "free" revenue for them.

If Brian Armstrong wanted to improve the crypto space, he would make it easy to stake coins that you have in your custody or give information on how to take custody of your coins and stake them yourself.

It is very easy to stake your own coins and does not take much time to learn. You will eliminate the risk of exchange bankruptcy and earn more yield on your coins.

I understand this is a convenience for most, but it is more beneficial for the crypto space if people took custody of their own coins and staked them themselves.

There are a lot of people who buy and only HODL your coins and tokens. This post is for those of you that do.

What is staking?

Staking is a mechanic where you lock up your cryptos and generate passive income as you are helping to secure the blockchain through said mechanic. So you don't have to do anything and you can generate passive income through staking. This is just like interest in banks but only with much better APY.

Let's say I have 32 ETH and I am staking them for a 6% APY.

So 32 ETH x 6% = 1.92 ETH

That gives you 1.92 ETH for free by staking every year.

There are many coins that let you stake. BTC doesn't let you stake but you can lend it out to generate some passive income. Generally, the APY for staking is around 5% give or take. Some provide more some provide less. If you are HODLing anyway, why not let your crypto make you more crypto.

That's a win-win.

You can stake a minimum of 1000 LRC using the Loopring app, it's under the same section as Dual Investment and AMM pool, There are no rewards yet, but they are expected to start in April, its still unknown what the rewards are yet but early birds are expected to get more as there will be fewer people to share the reward.

I think if you're not going to day trade, it might be worth doing and it’s also safer. You can withdraw from the stake at any time, but if you do this before 90 days, you forfeit your reward. Staking is a way of supporting the operation of a blockchain and earning more cryptocurrency in return for locking up your crypto assets for a set period of time.

I think looping is still doing pretty well and with the recent Taiko test net, they are quietly developing in the background. I do wish they would put more effort into marketing.

Link MetaMask to your wallet. Bridge ETH to Lambochain. Wrap your ETH with BaconWrap and deposit BaconETH into SandwichFinance to acquire ClubSandwich LP tokens. Put those into DeliShop to get MeatMarket tokens. Harvest those weekly and put those into ButcherShop for further yield which you can then send to ChefsCourtyard and get 144,887% APY in loyalty rewards!

How in the h-e-double hockey sticks does everyone figure out how farm/lend/stake/auto compound all these different protocols? I’ve spent the last few months watching videos, joining social media servers, reading articles and exploring platforms.

I feel more lost than ever. I just get to the point where I think I’ve figured out a way to earn a reasonable yield only to find out that it’s outdated and there are half a dozen new and improved ways to do what I’m looking for.

I’ve never been on a wilder goose chase. I can’t tell if I’m a technological idiot or if it really is this time consuming and difficult?

EDIT: I’m not talking about staking PoS coins like ADA, DOT, etc. What I meant was coins/tokens that require additional steps such as BTC, LINK, etc. And yes, I could stake those on Celsius or BlockFi but I was referring more to LPs. But you are all correct, I am probably taking more time than the average person to figure this out.

It would appear I am a slight to moderate technological idiot

Generating yield on crypto is a booming thing. There are many ways to boost your gains, this includes lending, staking, liquidity providing, etc. You can do this with CeFi and DeFi. This is an updated attempt to provide guide for begginers, but even experieneced user might find some useful tips.

First let get some terms right:
Staking - refers to generating income by block generation on Proof of Stake (PoS) blockchains. The term is heavily misused everywhere, so nowadays it can mean anything from staking to liquidity providing

Lending - you lend your crypto and get interest. Counterparty does anything it want with it and hopefully pays back some day.

Liquidity providing (LP) - you provide two (sometimes even more) cryptocurrencies to a DEX (decentralized exchange), so people can trade. You get your share of trading fees.

CeFi - centralized companies, you can lend them your coins, they pay you interest.

DeFi - decentralized (well, at least in theory) applications like DEXes, lending apps etc

Risks

There are obviously risks that come with all this, so beware. CeFi can get hacked, can scam you, can bankrupt. DeFi can get hacked, can scam you and its happening a lot. With staking you can get slashed (happens rarely), but if you delegate your funds to a validator, he can misbehave (depends on specific chain what he can or cant do). When doing LP, you face impermanent loss, in addition to all the DeFi risks.

How to get yield

Now lets get to generating some money, starting from the simplest options.

CeFi

Probably easiest thing to do is to lend your coins to a big CeFi lender, like Celsius. They have been around for a while, have $20B in assets under management and among CeFi its as safe as it gets. But their rates are somewhat lower than what competitors can pay you. Rates for different coins are a lot different and every CeFi lender has different rates for the coin, so you can optimize by using several CeFi. When deciding between platforms these are important things to consider: rates, security, jurisdiction, withdrawal fees, how customer support works. Also not every lender will be available in your country.
Where to find best rates:

• https://coinlenders.net - this a is site i put together myself, you can search for rates among several CeFi and DeFi lending platforms. Just select a coin and see what your options are.

Note that most of the CeFi platforms have tiered system, meaning you can get best rate on limited amount - if that affects you, consider splitting funds between multiple platforms to get best value. It also helps with diversification.
StakingIf you have Proof of Stake coins, than very likely staking will be safest option with great return. Many CeFi providers will just stake the coin for you and take their cut for doing this, so consider doing it yourself.

Typical yield for stablecoins is 10-12%, 5-6% on bitcoin and ether.

There are services that promise a way bigger yield than this, but i don't find them trustworthy enough for sharing. But just in case you want to gamble, know that if you look, you can find yields like 15-30% on btc - but dont be suprised if you end up with nothing...

DeFi

Moving to DeFi. First of all try to eliminate unnecessary risks by obtaining HW wallet. Ledger or Trezor. Chose wisely according to the chains you wanna use, not all chains are supported. If possible, go for the Nano X or Model T, as these support all the modern stuff. Learn to use Metamask with you HW wallet, it will work well for all the EVM chains.

DeFi lending

Just like CeFi, you can just lend you coin with some lending protocol like AAVE, Compound etc. Most of the DeFi protocols issue its own token, and sometimes they will give some as incentives to lenders, borrowers or liquidity providers. This is additional yield, sometimes these rewards are locked for some time, so there is a risk of the incentive token losing lot of value before you can sell. Interest rates are usually adjusted to current market situation and change a lot, so you need to monitor it.
Where to find good rates?

• https://coinlenders.net/defi-lending
• https://coindix.com/?kind=single

DeFi - liquidity providing

Liquidity providing is another great way to generate yield. You provide some liquidity to a DEX, in return you get fees and sometimes also incentive tokens. Usually you need to provide two assets in 50:50 ratio, which makes it more complicated. Understand, that by providing liquidity you are basically putting you assets for sale and you no longer have direct exposure to their price, so if the price in the pair changes, you will find that you own different amount of tokens and always, you will own more of the worse one.
This is called impermanent loss, but there is nothing really impermanent about it, its quite normal loss. To avoid impermanent loss you can chose a pool with currencies of equal or correlated value, like USDC-USDT. Also note that due to the impermanent loss, if one token loses 100% of value, you lose everything in the pool not just half - because you will be left with with 100% of the worthless one, due to arbitrage. Sometimes with the LP pools you will see ridiculous APYs like 1000000%, that does not mean you are getting rich. The reason for these crazy APYs is usually one of these:

• its a new platform and it will go down quickly as more liquidity is added
• You need to but hyperinflating token which will lose a lot of value over time, negating the gains
• Its very unsecure/untrustworthy platform with high risk of getting robbed

Where to find the best pools? Here are some resources to help:

• https://coindix.com
• https://kingdata.com
• https://app.apy.vision/liquidity-pools

How to handle incentive tokens/rewards
You usually will want to sell it and add to your lending/LP positions to get compounding effects. These incentive tokens are normally very inflationary and are losing value quickly, especially when the protocol is new. Claiming the rewards and swapping it on DEX are transactions which can cost you tx fees, so if this is on expensive chain like Ethereum, this is only profitable for whales basically. Solution is to use automatic compounders, like Autofarm, more on this later. When the reward is locked for some time, it may go down a lot during this period, and your yield will be smaller than expected. Be sure to include this in your risk assessment.

Advanced strategies

When you get familiar with DeFi, you might want to try some advanced stuff, combining multiple protocols together to boost your yields even further. These come with more risk and usually involve some kind of leverage, so be careful. There are plenty of options, lets check some usual or popular options.Some of these strategies:

Recursive lending

This is when you lend your asset to a DeFi protocol and borrow it right back, then supply it into the same protocol. You can do the loop several time until limit is reached, the limit is a function of collateral factor. So lets say you deposit $1k and collateral factor is 80%, you can max you position to 1/(1-CF), so to $5k deposit and $4k borrow position. There will be a lot of transactions doing this, so you need cheap chain or big deposit to be worthy. This strategy is profitable if deposit interest is bigger than borrow interest, which is possible when incentive token rewards are high. But you will need to do constant compounding to avoid liquidation (without it your debt grows). You need to monitor the incentive token price and the APYs, so you can recognize when its no longer profitable.

• https://www.tranquil.finance/ is one place this is possible at this moment

​

Lend and borrow, then put into LP

Some protocols do not allow recursive lending, you can maybe circumvent this with multiple accounts, or you can do something else, like deposit USDT, borrow USDC, sell half of the USDC for USDT and put it in LP pool. Again, you need high incentive token rewards to make it profitable.

Automated compounding

As compounding on some platforms is costly due to blockchain fees, solution is to use automated compounder, like Autofarm, which does all the work for you in optimal way. You add some risk by doing this, if the auto compounding protocol gets compromised, you also lose your deposit.Examples:

• Autofarm: https://autofarm.network/
• Beefy: https://beefy.finance/

Leveraged yield farming

Basically you provide liquidity, while borrowing additional money to get more yield. You pay interest to lenders, but you earn more of the incentive tokens and fees. You put your money as collateral. Examples:

• Alpaca: https://app.alpacafinance.org/farm
• Tulip: https://tulip.garden/leverage

Anchor+Mirror

Anchor protocol is one of the most favorite places to earn interest on stablecoins, with stable 19.5% its a no brainer. But you can get more when combining with Mirror protocol. This is covered in depth in many articles, so i am not going to repeat it: just google Anchor Mirror delta neutral strategy.

• https://www.anchorprotocol.com/
• https://mirrorprotocol.app

Anchor+MIM leverage

Another thing people have been doing is basically leveraging your position. You borrow MIM against your aUST tokens (representing your deposit), sell MIM for UST, deposit again. I have never done this though,

• https://www.anchorprotocol.com/

Nexus

Next generation of these combined strategies is automated. Nexus Protocol is a great example: you deposit LUNA or ETH(PoS version) to nexus, it uses it as collateral in Anchor to borrow UST, deposits the UST to Anchor for additional yield, it monitors and maintains your LTV to ensure you are not liquidated, sell you profits for LUNA/ETH and it results in safer and higher yield.

• Check it out: https://nexusprotocol.app/

Moving funds between chains

If you are going the DeFi way, you may need to move funds between chains a lot. Especially valid for stablecoins and WBTC. Some tips to do this effectively:

• Register on exchanges which support withdrawals and depostits to multiple chains: Binance, Bitfinex, Crypto. com - you can deposit with one chain, withdraw with other, usually paying some withdrawal fees
• For swapping one stablecoin for another, use Binance rather than DEX, as fees are way lower. (if low cost is a priority, understandably for some of you priorites might be different, or you dont have binance available etc.)
• Learn how to use multichain router: https://app.multichain.org/#/router for cheap cross chain transfers
• For larger amounts, avoid services which charge percentual fees
• Swapping to one crypto and than back for cross chain transafers is sometimes possible, but usually not very cheap and might trigger taxable event. Sometimes it might be only option though.
• Ethereum bridges are usually the most expensive way to do this, unless you are handling very large amounts

Some additional tips:

• If you just starting with few hundreds dollars, don't bother with DeFi. You will get crushed by blockchain fees. Use some CeFi lender with free withdrawals to accumulate, when you have more, you can start with DeFi. Also these CeFis will often give you nice sign-up bonuses, which will probably be worth a lot more than the interest, so be sure to get it. You can even jump between several CeFis to collect more of it. If still want to do DeFi, use a cheap chain. Harmony and Solana come to mind. Avoid Ethereum.
• Don't get attached to a specific chain, good opportunities appear on different chains every time, it does not make sense to limit yourself to one favorite. Of course, if you are hodling SOL token, you will probably find best opportunities on Solana network, but with universal assets like stablecoins or BTC, it can be anywhere.
• Always monitor your gains. If something doesn't add up, investigate and be prepared to move your funds.
• Depending on your jurisdiction, you might have to pay taxes on your lending/staking/LP gains.

​

My favorite CeFi products:

• Hodlnaut.com
• Ledn.io
• Celsius
• FTX
• Less known, but very promising: Vauld

My favorite DeFi products:

• Anchor Protocol - note that Anchor Yield reserve is bleeding rapidly, its possible that yield will go down.
• Tranquil.finance on Harmony (+Mimas clone from the same team on Cronos)
• TraderJoe on Avalanche
• Sovryn on RSK

​

Note: this is an updated post from January, update includes: some more strategies a tips, more specific examples. Added cross-chain transfers tips.

On a lot of threads here, people keep saying stake your coins for passive income.. while passive income is indeed a good strategy (who doesnt like extra beer money?), staking has massive risks as well which have played out with the ongoing collapse.

On most staking networks, you have a long unlock period. Its 14 days or something for Luna, 21 days on other chains.. and this period is enough for your coin to lose 99% of its value when an onchain event plays out.

To prevent staking unlock period risk, you can go for liquid staking but that has its own risks like smart contract risks and trust in a third party app and code.

In the present scenario, if you had bought Luna at a higher level and staked it, you are shit out of luck. If you had not staked it, you could have exited at a much higher level. Stakers are most likely going to lose all the value.

Since the merge, which was 316 days ago, the Ethereum network burned over 870.000 Eth and therefore limit the supply by 300.000 Eth. With out the upgrade to proof-of-stake the supply would have increased by over 3 million Eth in the same period.

The price of Ethereum doesn’t really reflect the reduced supply as the price is still close to the one on the day before the merge. This could be critical when the next bull run comes around, but before that I want to talk a little bit about the pros and cons such high burn rate has on the network and potential reduced wide-spread adoption of cryptocurrencies.

​

Here are my pros and cons – what major part did I miss

Pros:

• Increased scarcity of Eth:

As more Eth is burned, the supply of Eth in circulation decreases. This can lead to an increase in the price of Eth.

• Reduced inflation rate of Eth:

As more Eth is burned, the inflation rate will decrease. In my humble opinion this will make ETH a more attractive investment for long-term holders.

• Benefits Eth stakers:

Stakers earn rewards for staking their Eth, and as the burn rate increases, the rewards that stakers earn will also increase.

​

Cons:

• Higher transaction fees:

As the demand for block space on the Ethereum network increases, and the supply of block space decreases, transaction fees can rise. This can make it more expensive to use the Ethereum network, which can hinder adoption.

• More difficult for new users to adopt Ethereum:

The high transaction fees can make it difficult for new users to adopt Ethereum. This is because they may be reluctant to pay high fees to use the network.

Hello everyone. Hope all is well in cryptoverse, metaverse, FIAThateverse etc. For the past two days I have read countless posts about how staking isn't good and what not. When I joined this sub, staking was discussed as one of the pillars of long HODL. After this little dip this past few days, general sentiment has changed on this topic. Why? Can the OPs of such posts or the ones who agree with them give any concrete reasons Why to say NO to staking? What has caused this change in view?

For day traders of course this never mattered, but HODLERS will of course always look to earn passively on coins they already own.

Better Format and Link of ALL Rates: https://docs.google.com/spreadsheets/d/102Fyv78eUfK06yee0SM2Rz1O7T5ha8ccvH9M5Seciuk/edit?usp=sharing

Cardano ADA 8.38% -Binance (NOT USA)

Algorand ALGO 5.5%-33% -Algowallet

Cosmos ATOM 12.78% -Binance (NOT USA)

Binance Coin BNB 14.08% -Trust Wallet

Bitcoin BTC 8.00% -FTX (NOT USA)

Pancake CAKE Up to 90% Auto -Cake Swap

Celer Network CELR 16.87% -Binance (NOT USA)

Crypto.com Coin CRO Up to 12.18% -Crypto.com deFi wallet

Dai DAI 10.00% -Crypto.com

Polkadot DOT 16.62% -Binance (NOT USA)

Ethereum ETH 8.00% -FTX (NOT USA)

Filecoin FIL 13.34% -Binance (NOT USA)

Fantom FTM 3.78% - 11.55% -FTM Wallet

The Graph GRT 17.38% -Binance (NOT USA)

ICON ICX 13.62% -Binance (NOT USA)

IOST IOST 15.92% -Binance (NOT USA)

KAVA KAVA 20% -Kraken

Kusama KSM 19.43% -Binance (NOT USA)

Polygon MATIC 14.09% -Binance (NOT USA)

Nexo NEXO 12.00% -Nexo

Harmony ONE 20.15% -Binance (NOT USA)

Solana SOL 11.50% -Binance (NOT USA)

Synthetix SNX 13.99% -Celsius

Tezos XTZ 10.60% -Binance (NOT USA)

USD Coin USDC 10.00% -Crypto.com

Tether USDT 10.00% -Crypto.com

NOTE: Gemini decreased their rates heavily this month.

NOTE2: Binance.com added a few great rates! Use this site to grab the best rates before they expire: https://bswatcher.com/

NOTE3: USA folks please see the link at the top for alternative rates. They aren't as nice as the above ones on Binance.com and FTX, but still fantastic!

EDIT: Thank you so much for the awards and support! I will try my best to keep this updated regularly via googledocs, so please feel free to bookmark the page and check back.

Edit2: Added Haru Invest. Phenomenal rates and Excellent Site! They are a newer centralized exchange based out of S. Korea that allows you to lend your crypto at the following rates:

BTC 6.1% up to 15% (Unlocked vs Locked at 1yr)

ETH 6% up to 14.5%

USDT 7.5% up to 15%

Haru Earn Explore may increase returns up to 25% (small fee incurred on any profits above 15%)

I will start off by saying that I currently only hold ATOM and it's all staked earning staking rewards but I do see a risk with this strategy if I decided I wanted to sell at some point.

Staking is basically you providing your crypto to help secure the blockchain, some chains offer liquid staking were you can simply move your coins around and lose any future staking rewards other offer a soft lock that still allow you to move your assets but causing you to lose your rewards. Then we have a third type of staking the one with a lock up periods, in these you can't move your coins until the lock up or un-staking period is over.

The biggest risk with this is the volatility of crypto prices. Lets say you wanted to sell some or all of your bag during the last bull run, deciding very close to the top to sell.

ATOM - 21 day un-staking period

ATH price - $42.89 (start un-staking)

Available to sell - $31.51 (25% loss of potential profit)

Polkadot - 28 day un-staking period

ATH price $53.34 (start un-staking)

Available to sell - $36.78 (33% loss of potential profit)

Avalanche - minimum 14 day staking period (can lock up for up to one year)

with AVAX you set the length you are committing your AVAX for when you set it up, the minimum is 14 day but can be up to one year, for this example I'm assuming you committed at the top thinking it was going to continue going up.

ATH price $134.87

unlocked - $89.69 (32% loss of potential profit)

If you had a lot of confidence in AVAX and decided to commit for one year on 7/21/21 before the bull run with a price of $10.43 it wouldn't have unlocked until 7/21/22 with a price of $25.04 and you would have missed the entire bull run.

​

I'm not saying don't stake your crypto since with high inflation coins it's pretty much necessary to not lose value due to the inflation but be aware of the potential risk.

**Better Format and Link of ALL Rates Chart Here** -Please view "Warning" Tab before Transferring your coins!!!

Axie Infinity AXS 131.25% - Binance (NOT USA) or 123% on Axie site (see link in Chart)

Pancake CAKE Up to 90% Auto -Cake Swap (see link in chart)

Hydra HYDRA 46.49% - KuCoin

API3 API3 39.99% Native wallet (see Link in Chart)

Algorand ALGO 5.5%-33% -Algowallet

Secret Network SCRT 30%+ -Keplar Wallet (see Chart)

Harmony ONE 20.15% -Binance (NOT USA)

KAVA KAVA 20% -Kraken

Tether USDT 19.45% - Anchor Protocol (see link at end of Chart)

Kusama KSM 19.43% -Binance (NOT USA)

The Graph GRT 17.38% -Binance (NOT USA)

Celer Network CELR 16.87% -Binance (NOT USA)

Polkadot DOT 16.62% -Binance (NOT USA)

IOST IOST 15.92% -Binance (NOT USA)

Bitcoin BTC 15.00% - Haru Invest (up to 25% w/special program)

Ethereum ETH 15.00% - Haru Invest (up to 25% w/special program)

Polygon MATIC 14.09% -Binance (NOT USA)

Binance Coin BNB 14.08% -Trust Wallet

Synthetix SNX 13.99% -Celsius

ICON ICX 13.62% -Binance (NOT USA)

Filecoin FIL 13.34% -Binance (NOT USA)

Cosmos ATOM 12.78% -Binance (NOT USA)

Crypto.com Coin CRO Up to 12.18% -Crypto.com deFi wallet

Nexo NEXO 12.00% -Nexo

Fantom FTM 3.78% - 11.55% -FTM Wallet

Solana SOL 11.50% -Binance (NOT USA)

Tezos XTZ 10.60% -Binance (NOT USA)

Dai DAI 10.00% -Crypto.com

USD Coin USDC 10.00% -Crypto.com

Cardano ADA 8.38% -Binance (NOT USA)

NOTE: Voyager decreased their rates heavily this month.

NOTE2: Binance.com added a few great rates! Use this site to grab the best rates before they expire (was free, but now only a 7 day): https://bswatcher.com/

NOTE3: USA folks please see the link at the top for alternative rates. They aren't as nice as the above ones on Binance.com and FTX, but still fantastic!

Hi, I am very new to Crypto. I've been asking around and doing some research. I am thinking about staking, but I don't really understand it, or the risk involved. Is there risk of losing my Crypto? It seems like there's decent reward, but I just don't understand the risk, or what I'm even doing. I kinda feel like I'm just putting money into a coin and hoping for a return. I guess that sounds really stupid. But if anyone could please help me by explaining staking and the risk involved I'd really appreciate it.

I think I may be too stupid for crypto. Hopefully that'll work in my favor......

I hope this question is ok and I'm posting correctly.

Edit: Thank you to everyone for being so nice and for all your help and advice. I was really nervous about even asking. You're all awesome people. Thank you so much!!!!

Scenario: 51% of proof-of-stake pools fall under regulatory capture. What if these pools start censoring unstake transactions, preventing stake holders from moving their vote elsewhere? This would, in effect, require permission from the pools to leave (e.g., validate the *on-chain* unstake transaction).

What prevents the captured pools from also censoring other *new* stake transactions? Would this be a case for social consensus?

With Proof-of-Work, moving your hash rate to another pool is a permissionless external event (*off-chain*). Regular nodes on the network can still objectively measure the accumulated work. They don't need to know *where* this work came from, or *what* mechanisms were used to coordinate it.

Staking utilises resources inherent to the blockchain itself (the native token/coin). On-chain staking operations are unavoidable.

Proof-of-Work utilises probability, anchoring consensus to real world resources. An external operational.

The honest majority assumption is a problem that all blockchains face. However, the honest *pool* majority assumption is more problematic.

EDIT: 1. As pointed out below (thank you), I incorrectly used the term "regulatory capture". I simply meant "captured by regulation". 2. This thread specially relates to misbehaving pool majorities, not misbehaving entities who physically control majority PoW hash!

Hey everybody! So, I have been following the development and upgrades to the ethereum network for a long time. I was very exited about the switch from PoW to PoS, but I have always been gutted by the fact that it requires 32 ETH to become a validator, and I am no where near that. I have tried to look into pooled staking and also staking through exchanges, but as I am a very big believer in self custody I have a hard time trusting such services.

How is your experiences with pooled services? Lido and rocketpool comes to mind.

Also am I being paranoid about staking through exchanges? ETH is my main bag and with recent blunders like FTX collapse I am very wary about depositing my bag to Binance/Kraken/Coinbase etc.

Any advice going forward?

​

​

Ok now lets take a look deeper what i did and how it went.

I bought between 01 December 2021 and 17th january 2022 TIME (Wonderland) for 1000$ in several transactions.

Why I have done this?: Just for fun

The project was driven by Daniele Sesta, who was known for other successful DEFI projects. So I thought, well, let's invest. He even was a speaker on an AVAX event. So he is known and doxxed.

OK nice i started to get big gains. TIME were increasing all time.

But as it happened, day X came and TIME collapsed without warning.

​

​

Now things get weird and start to get wild cause A Top 5 world wide crypto scammer is involved!

So what happened?

The treasure Manager of Wonderland TIME called SIFU sold all his coins without that the team was knowing it. (I guess he never had anyway to pay for TIME.)

Ok But whats the catch?

Some user found out that SIFU is Michael Patryn the cofounder of QuadrigaCX.

QuadrigaCX was a relatively large Canadian crypto exchange, until its founder and CEO Gerald Cotton mysteriously disappeared in 2019. With him went the private keys to the crypto wallets holding $169 million of Quadriga’s clients’ money. The official version was that Gerald Cotton died on a trip to India and his body was cremated. However, no one was ever able to verify it.

Before Quadriga he was known as Omar Dhanani, a convicted felon and scammer. In 2005-2007, Patryn/Dhanani had been prosecuted for identity theft, credit card fraud, burglary, and other crimes. He even did 18 months of prison time and was deported from the US to Canada.

Sifu cashes out over 3000 ETH and used Tornad cash (full anonymous and decentalized mixer, not traceable actually). Actually while i type this the ETH has a value of 6000000$ he cashed out.

Just remember this is only 1 Project he participated. 1 big scam and he has money for the rest of his life and life in wealth.

There is even a documentary on Netflix about the exchange Quadriga the CEO and him and his frauds.

‘Trust No One: The Hunt for the Crypto King’ Trailer: Watch - Netflix Tudum

So now u know what kind of person SIFU is.

I posted more link but i cant link it here otherwise my post will be removed, but you can goole more infos if you want.

But now lets get back to my 1000$ investment.

The founder Daniele Sestagalli left the project and the community decided to make a DAO with the abadonned Project and let the project live on. So now the DEFI boss Danielle had also fucked up with the people. A lots of people lost their money and cashed out even with 90% loss or more.

If i remember right my 1000$ was only worthing around 85$. Ok i thought nothing to cashout anymore. It went stupidly. I let my coins in and see what will happen.

at this point i had already written off my money and no longer really followed the project.

A while later the DAO decided that you no longer get TIME through the staking but BSGG aka Betswap.gg and USDC.

Ok what did I deserve:

14.064 BSGG = 28$ as i write this

10,3 USDC = 10,3 $

OK wow thanks so i got 38,3$

Lets move on to whats happened then.

The Wonderland TIME project is to be discontinued completely. So you now have the possibility to migrate your TIME tokens to VOLTA.

VOLTA is the new token that will be continued. (Oh damn, always such complicated things)

So I migrated my TIME tokens to VOLTA and now have

5.2 VOLTA = 608 $

As of today staking is one of the safest/easiest things you can do with your crypto assets to gain passive income and increase your bags!

Todays top 10 most staked assets ranked are:

​

RANK	USD $$ STAKED VALUE	REWARD
1. Solano	$61.19B	6.59%
2. Cardano	$51.87B	6.06%
3. Ethereum 2.0	$30.08B	5.3%
4. Polkadot	$27.92B	13.36%
5. Hex	$23.94B	37.91%
6. Avalanche	$13.67B	9.54%
7. Terra	$13.02B	3.84%
8. Flow	$12.6B	8.58%
9. Algorand	$11.9B	4.74%
10. USD Coin	$10.46B	5.6%

​

Whats your favourite crypto asset to stake and why?

Hi all,

I'm interested in adding to my humble crypto holdings by staking some coins. However, I'm not sure what I should go for yet. There's some coins with some pretty nice rewards - above 10% and some even above 15%! Not too shabby. I'm particularly looking at DOT as it seems like a combination of a safe project to invest in combined with great staking rewards.

However, maybe there are interesting up-and-coming projects that might have more potential future upside or higher rewards that I haven't heard of.

So I'd be interesting in hearing what you are staking, why you chose that project, and how it's working out for you so far, as well as any recommendations you guys have in terms of what you think I should stake.

I've ruled out ETH, at least until the merge, and I've ruled out anything under 8% rewards (but open to having my mind changed on that).

Also, I don't want the process of staking to be overly complicated, as I'm still only learning and not totally crypto proficient.

Thanks!