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/biz/ - Business & Finance

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28294951 No.28294951 [Reply] [Original]

I don't get it, what's the catch here?

>> No.28295012

the catch is using binance

>> No.28295093

When the 15-30-60-90 days pass, the currency will fucking tank because everyone thinks they can make big bucks quickly at the same time

>> No.28295113

>>28294951
its APY. So not as much return as you think.

>> No.28295176
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28295176

>>28294951
>funds are safu

>> No.28295218

Yield farming is the most profitable thing in 2021, don’t be a noob, check it now!

>> No.28295220

The top rate is on 15 days for a max of 30 AVAX

>> No.28295228

It's locked and the max amount you can stake is really low.

>> No.28295325
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28295325

>>28294951
It's locked so the price might surge and drop while your coins are staked. You might have gained more just by selling at that time. The APY is 7-day calculated, ie the apy might go down while you're staked.

If you like to hold onto coins and not worry too much about monthly ups and downs, staking is comfy.
Also CZ is my chink, Binance is based, don't listen to angry mutts who can't into real Binance