Yield farming and staking crypto is a way to get passive income. The way it works is almost the same, by depositing some crypto, but yield farming locks their crypto in the liquidity pool and is governed by smart contracts, users will get interest from the amount of crypto they deposit. Whereas staking locks cryptocurrencies in the blockchain and participates in validating transactions and getting rewards from new blocks. Which do you think is more profitable and safer, yield farming or staking?
Yield Farming vs Staking as Passive Income
- Thread starter Suba
- Start date
Both is almost the same thing, but I prefer staking because is less risk than yield farm. Yield farm lock funds in a liquidity pool which you may not have access to money except after the duration stipulated. The fund can be moved without you knowing there is scam until 2 or 3 weeks later.
I have never tried yield farming, I stake my assets. More than 90 percent of my assets are on staking on Binance. The APY changes along with the price fluctuations. What about yield farming?
Anything that requires money making requires you to also have enough knowledge of it. Staking in crypto-currency have advantages and disadvantages.
Yeah, it is also important to stake with the amount of money you can easily let go. It is also very risky, sometime ago Mintclub token staking pool was hacked.
Im more into staking than yield farming
I like that staking helps secure the network and rewards me for holding my crypto. Yield farming seems too complicated and risky for me 
There are so many platforms and tokens to choose from and some of them might be scams.Probably, I have learnt a lot of lessons in the cryptocurrency space. It is always important to go in with amount of money you can easily let go.
Yielding farming and staking a good opportunities to make passive income but there are some risks associated with it.
Anything that has to do with cryptocurrency is risky.
I have tried the cryptocurrencies staking before and it is a very interesting way to make money in crypto.
But if you want to stake you must make sure that it is a trusted project. People who staked Luna made losses.
Some cryptocurrencies can be very much rewarding. But you need to be very careful when staking because there are some bad projects that can make you lose money.
Cryptocurrency staking is one of the passive income sources.
it is a good passive income source but you must be careful before staking. There are some cryptocurrencies that usually go down the drain and shakers will lose money.