When the market is good, are you afraid of selling too soon? Why not change your mindset and let the coins earn for themselves? #SoftStaking
Recently, I have started to prefer this way of 'earning money while holding'. Compared to frequent trading, it's more reassuring to steadily pick up some guaranteed returns.
First, holding coins can earn interest
Like Binance's soft staking, it’s a bit like the Web3 version of Yu'ebao, with interest calculated by the minute, allowing for instant deposits and withdrawals. You can leave whenever you want, no delays.
Second, interest rates can be upgraded
Some cryptocurrencies offer tiered annualized rates, so if you hold them a bit longer, the interest automatically increases. Moreover, these financial products can be traded directly without needing to redeem; when prices rise, you can still sell them 'smoothly'.
Third, don't let your stablecoins sit idle
Keep stablecoins in a flexible account and still earn interest; letting them sit is a waste.
Fourth, there are many perks for BNB users
New coins often launch simultaneously in the financial area, and many also have BNB exclusive airdrops. For example, I previously got several airdrops while managing BNB investments, which means I was earning interest while also picking up benefits, and BNB conveniently increased in value too.
Ultimately, this strategy isn't about getting rich overnight, but rather ensuring that even when you're not active, your wealth is still 'growing'.
Instead of fidgeting, seize these steadier opportunities; it's much better than chasing after price surges and regretting it later.