Which is the more profitable strategy: yield farming or staking?
Asked 3 years ago
I'm new to investing in cryptocurrency, and I've been researching different trading/investment strategies. I want to try and build a passive income. I'm not sure if it would be safer for a beginner trader to try yield farming or staking. Which is most profitable with the least risk?
Filip Dimkovski
Saturday, September 17, 2022
Yield farming is usually more profitable than staking, but it's also a bit unreliable. It's widely regarded as a less safe option than staking, considering that many liquidity pools have had breaches in the past. Staking is better for the long-term, as it's true passive income and incredibly beginner-friendly.
If you're a beginner or you're investing for the long-term, I'd highly recommend going with staking. Yield farming is better for investors who want short-term gains and can tolerate more risk.
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