#SoftStaking to be honest, if it weren't for this promotion from Binance, I wouldn’t have known that the English translation of 'holding coins to earn interest' is soft staking.

Although I don't quite understand the naming, I am quite familiar with Binance's financial products. Previously, I mainly focused on stablecoin investments, which are quite simple and have high interest rates. Many other cryptocurrencies offer returns of a few percent or even a fraction of a percent, which I feel is not worth considering.

But there is actually a very important factor here: the passage of time. Many times, we tend to overlook the effect of compound interest over time or underestimate the speed of time passing. Although the interest on coins is low, it accumulates over a long time. Stablecoins have high interest, but if you have to use them and constantly move them in and out, you actually earn very little interest.

For example, I previously had a lot of $CRV , but I thought I might sell it soon, so I didn’t store it for interest. But who knew the market turned bearish, and by the time I realized I hadn’t sold the coins for a long time, 2-3 months had passed. Actually, at this point, if I could enable automatic investment to let my idle coins work for me, I could redeem them when needed, not only would it be timely, but I could also earn a little profit.