The best crypto yield is decentralized. Change my mind.
The bottom line is Centralized yield is a risk for cryptocurrency. One of the most seriously forgotten aspects to many Bitcoin holders is that mining creates inflation. If you hold your crypto, it loses value due to circulating supply increases.
The Dollar Hedge
Recently, people have looked at crypto as a hedge against inflation with the dollar. The dollar has inflated significantly due to money printers going "BRRRRRR" and the Fed printing more than ever. The market has corrected due to interest rates, but that wont be able to continue for very long.
With the creation of crypto yield farming offering users high APY for staking their crypto, there is a new opportunity for people to gain value by just holding their bags.
The most successful crypto users are long-time hodlers. Those that know compound interest are even more so.
So it's a no-brainer to lock up your funds and gain yield. It's like creating a no-overhead business!
Staking Offers
The biggest players, like Crypto.com, pay only 5% APY. That's not a lot of return to give up all the rights to your assets with no insurance from hacks and attacks. (Centralized staking = Crypto.com/ Celsius/ Voyager/ BlockFi)
There have been huge losses from users of platforms such as Celcius. The company has filed for bankruptcy, and users cannot access their lost funds and, if they do, will only receive a lesser amount.
Most staking protocols lure users with high yields to lock up their funds for an APY by taking control of their crypto. These offers are unsustainable and are carried on the back of the most sinister products like leverage.
Staking platforms trusted by millions of people and have been around for a long time are still prone to hacking or cyber security threats.
The most secure way to hold your crypto is with total control of your keys. Staking on a centralized exchange is unnecessary, and decentralized blockchain staking protocols are the best for long-term investment.
Decentralized staking
PulseBitcoin
PulseBitcoin is a recently launched project on Ethereum which allows users to mine PulseBitcoin by staking ASIC coins. This decentralized project is built on the Ethereum Network.
It is a 100% immutable code and can be verified on Certik. The project is completely decentralized and has similar tokenomics to Bitcoin. Users are generating PulseBitcoin with an APY of 90% during the first halving.
More Information @ PulseBitcoin.com
HEX.com
The largest decentralized staking protocol is with HEX.com. Only the user controls their stakes with 0 risks of hacks and counterparty failures. Getting APY plus appreciation is a gift to humans called compound interest.
The HEX protocol provides immutable code embedded into its staking contract. Only the wallet attached to the stake has power over the contract. Therefore, no third party can hack, change, or move assets.
The HEX token is the first blockchain Certificate of Deposit in existence. With the founder Richard Heart teaching retail investors not to trade, centralized exchanges are against his ideology and attempt to deter users from the HEX project. (Is Coin Market Cap manipulated?)
There is collusion and suppression from the most prominent market cap information sites owned by centralized exchanges to gatekeep the HEX token. Learn more.
Staking the HEX token now also provides a huge opportunity to double your investment once the Pulsechain launch copies all Ethereum tokens over from ERC20 to PRC-20.
Take your ERC-20 and NFTs off exchanges. Here's why.
NEW TO CRYPTO? Learn more here https://docs.hex2learn.com/
Summary
Being a long-term crypto holder has been a game-winning method for a successful cryptocurrency investor. Opportunity to get yield excels the gains and awards users to achieve their financial goals faster.
For early adopters, PulseBitcoin is the best opportunity for everyday investors to get into a project early. The HEX token has 100% uptime with no counterparty risks, and all other yield farming systems create serious weak points for total value loss from hacks or inside corruption.
Written by: @hostshawn via wnotn.com
