Risks get even higher if you trade CFDs on crypto broker services, as they let you bet on the price performance, which essentially means that you can earn or lose money depending on how accurately you anticipate the price action. DeFi, however, offers some great alternatives to these highly risky activities. You can now simply stake coins and earn daily passive interest against them, as you wait for months, or even years for the figures to turn green when the prices surge. Staking is a great way to hedge your investment and to continue earning passive income, regardless of the market’s next move.
These modern earning opportunities in the crypto space have exploded in popularity in 2020 and 2021. Naturally, since this is where the investors’ attention has gone, a number of new DeFi projects have emerged, competing to offer the most attractive ways to earn passive income. One example is YeFi.one, a new project that features staking, as well as several other capabilities of the DeFi sector.
YeFi.one is a DeFi project at its core. Having recognized that staking has so quickly become users’ favorite DeFi tool for its security and ease of use, the YeFi developers have incorporated the staking function first off and brought it to a whole new level.
Now, there is great news for decentralized data storage projects, like Filecoin, and the crypto enthusiasts who hold native tokens of these projects. Staking FIL, and coins of similar projects, provides you with 1.5x higher APY. To top that up, when staking the YEFI native token, your APY will double. Other supported assets include BTC, USDT, ETH, BNB, FIL, YTA, so if you are holding any of these, and haven’t yet discovered staking with YeFi.one, you may be missing out on some good returns in the current market.
The YEFI token is also rather easy to obtain, as it has already been listed on PancakeSwap and MDEX. The project is expecting to see Ethereum compatibility being established and YEFI being listed on Bittrex on the 16th of July, which will certainly be a big deal, considering the potential user-base to be reached.
YeFi.one goes the extra mile and shares its success with the community. Your interest is permanently increased when an invited user is staking via your invitation code.
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Source: Cryptocurrency - investing.com
