New traders often focus on the "buy low, sell high" strategy in spot trading, but the crypto market is much more than that. Under the Web3.0 wave, investors have the opportunity to generate income from idle assets through various methods such as staking and DeFi. This article will introduce you to several stable income-boosting methods suitable for beginners.
**Tip 1: Staking — Let Your Assets Earn While Idle**
What is staking? Simply put, it involves locking certain tokens you hold into a blockchain network to help maintain its security and operation, in return for the network rewarding you with more tokens. It's similar to a traditional bank fixed deposit, but with more imaginative returns.
How to do it? You can choose to stake supported tokens like ETH, SOL, or ADA on the network. There are two ways to participate — one is through one-click staking services on mainstream exchanges (easy to operate, slightly lower returns but hassle-free), and the other is via official project wallets or staking pools (potentially higher yields but requires some technical knowledge).
What are the returns? The annualized yield generally ranges from 3% to 20%, depending on the token and market conditions. What about risks? Mainly, tokens will be locked during the staking period, so you cannot trade freely (liquidity risk). Additionally, if validation nodes behave improperly, they may be penalized or confiscated. Therefore, choosing a reliable staking service provider is crucial.
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ruggedSoBadLMAO
· 19h ago
Annualized 20%? Sounds pretty good, but it would be awkward if the market soars during the lock-up period haha
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Ramen_Until_Rich
· 19h ago
Annualized 20%? Sounds pretty attractive, but can you really resist moving during the lock-up period...
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ConsensusBot
· 19h ago
Staking sounds simple, but how many people actually dare to lock their coins in? The liquidity risk is easily overlooked.
New traders often focus on the "buy low, sell high" strategy in spot trading, but the crypto market is much more than that. Under the Web3.0 wave, investors have the opportunity to generate income from idle assets through various methods such as staking and DeFi. This article will introduce you to several stable income-boosting methods suitable for beginners.
**Tip 1: Staking — Let Your Assets Earn While Idle**
What is staking? Simply put, it involves locking certain tokens you hold into a blockchain network to help maintain its security and operation, in return for the network rewarding you with more tokens. It's similar to a traditional bank fixed deposit, but with more imaginative returns.
How to do it? You can choose to stake supported tokens like ETH, SOL, or ADA on the network. There are two ways to participate — one is through one-click staking services on mainstream exchanges (easy to operate, slightly lower returns but hassle-free), and the other is via official project wallets or staking pools (potentially higher yields but requires some technical knowledge).
What are the returns? The annualized yield generally ranges from 3% to 20%, depending on the token and market conditions. What about risks? Mainly, tokens will be locked during the staking period, so you cannot trade freely (liquidity risk). Additionally, if validation nodes behave improperly, they may be penalized or confiscated. Therefore, choosing a reliable staking service provider is crucial.
**Step 2: Advanced DeFi — Understanding Decentralized Finance**
If staking is the foundation, DeFi opens a new door. The core concept of decentralized finance is