Staking vs Lending Crypto - What's The Difference, and Does It Matter?
1
54
2 years ago
Topics:
Cryptocurrency, Defi
Staking and lending are both ways of earning additional passive cryptocurrency income and many beginners can easily confuse the two. Although staking and lending are similar in that they allow users to earn additional crypto, they differ in several important ways including risks, benefits, and utility. In this post, I'll give a beginner's overview of the differences between staking and lending. As always everything in this post is my own opinion, is not financial advice, and is not an endorsement or dis-endorsement of any coins, projects, or companies.
I believe staking is a safer option, when you choose the right coins and stake on a secured and preferably a decentralized platform like the wallet application from https://atomicwallet.io/, which allows several coins to be staked for a good APY. For instance, the native, $AWC comes with an APY up to 23% . I also stake Solana for 7% APY and other coins on the same platform.