You know how it is when you’re active in trading, you end up keeping a pile of crypto parked on exchanges, right? It’s just… there. Not doing much.
I've been experimenting with earning passive income without the full-time commitment. I've tried DeFi farming, staking on multiple platforms, and it's been quite the learning curve.
I've been thinking about the balance between effort and reward. DeFi can be rewarding but complex, with risks like impermanent loss. Traditional CEXs, well, they've had their share of issues.
I've stumbled upon this concept where you can earn yield just by holding certain tokens. It's not groundbreaking, but the implementation on Bitget HodlerYield was straight forward cos users earn without locking funds or dealing with farming's volatility.
I started with a small amount to test it out, using USDE, and so far, it's been smooth - deposits are fine, rewards are coming in. But with crypto, you never know until you've seen it through market swings. You can boost earnings through other promotions. It could be a nice middle ground for those tired of DeFi's juggling act but cautious of CEX risks.
I'm taking it slow, gathering feedback before scaling up.
Anyone else exploring similar strategies?