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Showing posts from April, 2022

How to Stake SOL to Earn Rewards?

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  What is Solana Staking? Solana  is the 4th generation blockchain. It has solved the scalability and speed of blockchain. Solana uses the Proof of Stake based consensus, so you can lock in your crypto assets in the blockchain network for being selected as a validator to earn rewards. Moreover, to stake SOL can help to keep the blockchain network healthy--the stake each validator holds helps prove they are trusted to vote on transactions and confirm they are legitimate. For encouraging people to be a validator, the network will reward the validators based on the size of the stake, similar to the traditional bank interest income. How does Solana Staking Work? When you are staking Solana, you can be treated as a validator of the Solana network. When a message is sent from a user interface to the network, the first validation node that receives it verifies the message and adds a timestamp onto the message. This validator then forwards the data packet to the current block leader. They will

Top 5 Decentralized Exchanges (DEX) in 2022

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  If you've been trading cryptocurrency, you've most likely done it on centralized exchanges like   Binance   or   Huobi . However, things have progressed significantly in recent years, and   decentralized exchanges   are gradually eroding the utility and usability of centralized platforms, which are still the most popular means for bitcoin users to trade. DEXs, or decentralised exchanges, allow consumers to purchase and sell cryptocurrencies without the involvement of brokers. Users connect their cryptocurrency wallet to a DEX, choose their preferred crypto trading pair, enter the amount, and click the swap button. Let's talk about the top five decentralized exchanges in this edition. Uniswap On Ethereum,  Uniswap  is a decentralized system for automated liquidity provision. Uniswap, one of the first  automated market makers , allows users to act as liquidity providers by donating assets to decentralized liquidity pools. Liquidity providers earn a passive income by sharing

What are the Top 5 Yield Farming Projects in 2022?

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  DeFi projects have been developed for years, now there is about $70 billion worth of crypto locked in those programs. In these Defi programs, yield farming is a major way for you to get passive earning with crypto. (Click to learn more about   Yield Farming ). There are hundreds of projects that provide yield farming services with higher APR than a traditional bank. A bank may promise you 0.1%-0.3% for one year, however, yield farming can offer you up to 100% APY. In general, high profit comes with risk, which means the staking pool is riskier. This article will try to list the Top 5 yield farming projects with a high marketcap that you can get a good APY. 1. Curve Finance, Yield Farm to Get CRV Rewards, and up to 35% APR. Curve is an exchange liquidity pool designed for stablecoin trading, rewards liquidity providers via the CRV token. They allow users to trade with various stable coins at a low rate. The platform uses AMM with the use of bonding curves and liquidity pools. Also, it

What Is Volatility?

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  Cryptocurrency Volatility Volatility is defined as the variation or'swing' in the price of an item over time. Volatility is a metric that measures how much the price of a given asset has changed over time. This metric is commonly used as a risk indicator, with volatile investments fluctuating in value more quickly and over broader ranges than less volatile investments. This can result in huge percentages of an asset's worth being lost or gained in a short amount of time; this could be problematic if a sale of an item corresponds to a negative price swing, for example. Volatile assets, on the other hand, offer greater growth potential. Crypto is usually seen as volatile as a newer asset class, with the potential for big upward and downward moves over shorter time periods. Stocks have a wide spectrum of volatility, ranging from the relative stability of large-cap stocks (such as Apple or Berkshire Hathaway) to the frequently unstable "penny stocks." Bonds, on the