In this article we will see the best ways to stake Ethereum to get interesting APY. I will illustrate classical methods and others that are very profitable but little known.
BINANCE
It is possible to stake ETH 2.0 directly on Binance
The APY is about 20% but our ETHs will remain blocked for at least 2 years, however we will get the BETH token (1: 1 with ETH) which I can trade on BINANCE or stake in turn for example on Harvest Finance (BSC) for a further 3/4%.
Attention because BETH is worth a little less than ETH so if I do the early redeem I could also incur a loss!
CELSIUS NETWORK
It is a simple annuity therefore not staking. Surely it is among the simplest methods because you just need to deposit and I can move them whenever I want. On Celsius all withdrawals are free.
Also, if you don't have a Celsius account, you can also earn $ 50 of BTC with a first deposit of at least $ 400 (you must keep your deposit for at least 30 days).
For signing up: Celsius Network
CURVE FINANCE
We now move on to DeFi. Curve is one of the most reliable platforms on ETH and guarantees around 10% using the sETH-ETH pool (without impermanent loss). sETH is a wrapped version of ETH on Lido Finance (rewards of around 10% will be in LDO and CRV).
BALANCER
Balancer in an another giant of the Ethereum DeFi that has become famous for its mixed pools formed by several tokens and also in different % (not only 50% and 50%). As for ETH it is possible to use the wSETH-WETH pool, also here an APY of about 10%. The rewards will be in the BAL token.
LIDO FINANCE
An even simpler method is to directly use the staking on Lido Finance: Lido Finance
The APY is about 5% but unlike Curve the rewards will be directly in ETH, plus I will have to pay a SINGLE commission (when depositing). Instead on Curve I have to continuously sell LDO and CRV! (so I have to pay the transaction several times).
TERRASWAP
I will need BETH, how do I get it? By linking my METAMASK at Anchor (Lido Finance)
bETH (Bonded Ethereum) is a token that allows representing your stETH holdings on the Terra blockchain (1: 1 with ETH). Unlike stETH, its balance remains constant and rewards can be claimed in the form of UST tokens, a stablecoin issued by the Terra protocol. I remember that this bETH has nothing to do with bETH on Binance!
I will have to enter my Earth address (I can get one by downloading TerraStation. I also need some of the Luna token to operate on the Terra blockchain. Ten dollars is more than enough!).
Once this is done, we will go to provide liquidity on TerraSwap using the bETH-mETH pool (to date the APY is not known yet but it will be very high, probably higher than 20%).
We have bETH, where do we get mETH? We will use TerraSwap's internal swap directly by converting 50% of bETH to mETH. I can check the APY here: TerraSwapDashboard
I remember that until 7 September 2021, there is also an interesting TerraWorld contest where 100 Land worth several thousand dollars will be given away (by lottery). To participate in the giveaway: TerraWorld (Giveaway)
Are you interested in ways to earn crypto bonus? Check it out here: Some Sites To Earn Crypto Bonus (Old & New)
