Is staking a meme or can you actually earn decent passive income?

Is staking a meme or can you actually earn decent passive income?

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>he doesn't know

yes to both

You mean to tell me you can earn a living wage by just staking your crypto? Wtf?

only if you're early enough

Unless you're staking dollar pegged stables for more stables (lending), it's a legal (for now) scam.
>lock up your retard protocol tokens you just bought for $11/each for more retard protocol tokens over time. When you finally get your unlock of 30% apy, the team and early investors have dumped the price per retard token down 45%
BUT DON'T WORRY, YOU CAN JUST RESTAKE, BRO!

this, big enough stacks early on and even meager 15-25% staking rewards can get you solid passive income.

of course you can, have you ever checked dexes or aggregators on avax?, i suggest yieldyak

Yes you absolutely can. Check out curve on ethereum and platypus on avalanche.

But there are huge fees on ethereum :)

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Dexalot on avax?

of course you can man, i suggest you do it on avax

Avax guy is right, high yield shit everywhere

Must be why every single staking coin in crypto has a chart like a Christmas tree. Earning 15% on token that you're down 90% on (and dropping) isn't the "passive income" most investors envision.

No its not. If you want to avoid impermanent loss use only stablecoins.
This guy is true you can use both avalanche or ethereum the underlying tech for both curve and platypus is similar

Yeap dexalot on avax

not avax avalanche user :D

u can avoid impermanent loss by shorting the asset 1:1 to become delta neutral as well if it has futures.

>can you actually earn decent passive income
you can actually earn passively biz fren,, there are couple of platforms out there with different features, I have been using Binance earn and the Ore Network liquidity pool, you can check them out

High yield is bullcrap. You will lose your initial capital. Yak, Lydia, Penguin finances are all AVAX crap.
You are better off staking L1's on Binance

I've been making between $500-1k a month off staking for the past 4-5 months

the main thing I'm staking has a chart like this, I won't shill it because there's enough shills in here already but the main problem staking protocols have is that they're mostly inflationary which isn't inherently bad but when you have high apy that can only be supported by high inflation then something has to give out, either the apy drops or the inflation outpaces the demand for the token, this is why most staking protocols are memes and not worth holding for very long

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I will never stake
Nice try with your jew tricks

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pro tip--- the money lies in providing liquidity

What does her asshole look like?

ORE kicked off with over 700% return on investment for staking is its LM which is very juicy to start with