How to: Start compounding Crypto by Staking, Lending or Liquidity Providing!

This page summarizes the projects mentioned and recommended in the original post on /r/CryptoCurrency

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  • rocketpool

    Decentralised Ethereum Liquid Staking Protocol.

  • Staking for you: Example is Ethereum since it ATM is complex to stake by yourself, platforms such as Lido (stake via ledger), Binance and Coinbase provides staking options (Careful, your funds will typically be locked until Eth 2.0 launch). Soon Staking-pools (Rocketpool) will go live, making staking a lot more easy.

  • trezor-firmware

    :lock: Trezor Firmware Monorepo

  • 1) Staking with your own private crypto wallet (reminder: always use hardware-wallet if possible like Ledger or Trezor for security!) By staking your coin or tokens on your protocol of choice: You typically contribute to the security of the chain by validating blocks (like ETH, SOL and MATIC). Usually you have delegate to validator such as on (ADA or FTM), or just let it sit in your wallet (ALGO). In DEFI-projects, typically help vote on governmental proposals and/or earn percentages of the revenue (AAVE, SUSHI, Pancakeswap, YFI, 1Inch etc.). Typically you get a lock-up period, but this varies. Examples are of stackable crypto and APR are:

  • SurveyJS

    Open-Source JSON Form Builder to Create Dynamic Forms Right in Your App. With SurveyJS form UI libraries, you can build and style forms in a fully-integrated drag & drop form builder, render them in your JS app, and store form submission data in any backend, inc. PHP, ASP.NET Core, and Node.js.

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  • metamask-extension

    :globe_with_meridians: :electric_plug: The MetaMask browser extension enables browsing Ethereum blockchain enabled websites

  • Decentralized protocols like AAVE, Compound (COMP) and many others on different chains give you the possibility to join a decentralized bank, where you can use your own web3 wallet (Metamask, Trustwallet, Coinbase wallet etc.) to lend/deposit your crypto via battle-testet smart contracts. I personally access my funds via Metamask in my browser, and sign transaction on my hardware wallet Ledger. The only risk here is if the smart contract gets hacked. Oh, and when you deposit your crypto, it can work as a collateral where you can borrow other crypto or more of the same crypto, that you can trade or deposit again to earn interest on the borrowed crypto.

NOTE: The number of mentions on this list indicates mentions on common posts plus user suggested alternatives. Hence, a higher number means a more popular project.

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