I get so excited with the staking journey that I checked it now and then, not just that I am also checking a new vault that offers higher APY's. There are a lot of liquidity pairs in Beefy but I don't go for it especially if the token is unknown to me, it's very risky to invest in a project that is not familiar to you.
Then, I bumped into a 1INCH token that was boosted by BillionHappiness from 57.42% APY and 0.12 Daily it became 150.67 while 0.25% daily, it's very profitable APY so I quickly decided to stake as I have 10 1inch token sleeping at Binance, so the bright idea came in “Why not letting it work, instead of sleeping?” this shitcoin didn't pump so I just let it work.
I found it last March 31, 2021, but I added it yesterday April 1, 2021, as I am not sure with the 1Inch network if it's BSC of Ethereum but turns out it both as I confirmed it with @PVMihalache, I just want to make sure I won't lose my token.
After confirming I immediately withdrawn my 1inch at Binance and send it to my Trust wallet. I copied the 1inch address and paste it on Binance withdrawal options, then chose BSC. While I added the 1inch using the BSC network to see it in my wallet, in just a minute I already received my 1inch token.
After receiving the token I immediately head over to beefy. finance and quickly added the token into the pool. As you can see on the photo, you need to click deposit for approval and it will have fees like $0.20 after that you will again click the deposit all and another fee will incur $1.80. Then, after that it will be successfully deposited, so always prepare some extra BNB for the fees. So you will not be like me who ask (PVM) to lend me a little BNB for the fees lol.
So far, I already have three tokens staked at beefy finance the Cake, Banana, and 1Inch and 1 liquidity pair which is the BAT-BAKE LP, this pair used to have higher APY but it lowers down now. While the other one is on Cubdefi.
Closing Thoughts
I am kinda happy and excited about this journey. Never thought this is more exciting and relaxing than doing futures trading where I lose money instead of gaining. Of course, I am aware this also comes with risk but some experts always say “No risk, no gains”.
What about you? Have you tried it?
That's all, this is not financial advice tho. DYOR on projects before jumping and putting your hard-earned money, always remember to invest what you can afford to lose only.
Related Article:
Farming Cake and Banana at Beefy Finance while flipping Cake at Pancakeswap
Staking Journey at Cub Dens: Stake CUB To Earn CUB 🐅
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Ehem.! Gusto ko itry ito yung staking, may alam ka ba na article yung step by step, mahina kasi ako umintindi at pwede lang ba kahit phone lang gamitin. Atsaka nahihirapan din ako umintindi kapag andun na ako sa Trustwallet, di ko alam pano ko i convert yung BCH ko to eth.😅😅