Staking Weekly #5 — Earn Passive Income With Crypto
Q1 of 2021 has been a successful quarter for crypto. All sectors in the crypto space (DeFi, Storage, NFT, Smart contracts platforms, etc.) have seen massive growth thanks to the influx of new users and institutional liquidity.
What has also exponentially increased and touched ATH in Q1 of 2021 is search queries for the cluster “crypto passive income,” where most results recommend “Staking.”
While crypto offers multiple ways to earn passive rewards (staking, lending, farming), staking is one of the most friendly ways for new users. The concept is similar to fixed deposits in traditional finance, and the process of staking tokens is made relatively easier through wallet staking, exchange staking, and easy-to-use staking services.
Rewards for top PoS chains
The APY for staking depends on the PoS chain, staking provider, and currently averages 15%. On the other hand, the APY for lending averages at 9%, and yield farming averages at 150%, with higher yield for new projects.
As new users come to crypto, so will new ways to multiply yield. One of the hottest trends being liquid staking — a way to unlock the locked value of staked assets through staking derivatives.
Staking economy stats:
Top headlines from PoS world:
- Fetch.ai releases mainnet V2.0
- Oasis foundation introduces developer grants
- USDT launches on Polkadot and Kusama Networks
- Near’s ETH ←→ NEAR Rainbow Bridge goes live
- Balancer is expanding to Algorand
About ClayStack:
ClayStack is a decentralized liquid staking protocol that enables you to earn staking rewards while keeping your assets liquid. Without any lockups.
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