It's great to have this kind of simple guide. A version for yield farming would be awesome too! đđ°
Mahamat Djouma
--
Bearish
đ° BEGINNER'S GUIDE TO DEFI STAKING
DeFi staking allows you to lock your tokens in a PoS smart contract to earn interest, similar to a savings account, but in crypto. Hereâs how to easily get started on Binance:
1. Choose a token (BNB, SOL, ETHâŠ)
2. Go to âBinance Earnâ â âStakingâ â choose locked or flexible
3. Enter the desired amount (start small, e.g. $10â50)
4. Activate, then collect rewards periodically
â ïž Key points:
đčVolatility risk: if the token drops, your gains may be wiped out
đžLiquidity: locked staking freezes your funds for a duration, check the timeframe before withdrawing
â Advantage: passive income without trading. đĄ Ideal for starting in DeFi, even with little capital!
đ Like đ if you want me to prepare a guide on yield farming or liquid staking!
$DEFI
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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