Guys I have a query. I am seeing delegating your

Question

Guys I have a query. I am seeing delegating your

coins in avax network will generate around 9 percent apr
However if I stake in binance I would be getting 11% apr. How does this work?
Would it also be better staking there than making my own node. As I understand having your own node will generate around 11% apr

#avalanche #avax #blockchain #cryptocurrency #english

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10.06.2022

3 ответов

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Moz P Автор вопроса

Justin
When you stake on Binance they have custody of you...

Thanks alot. Any information on how to liquid stake our staked avax to get more yield.

0

10.06.2022

Justin

Moz P
Thanks alot. Any information on how to liquid sta...

Benqi liquid staking is live now: https://staking.benqi.fi/stake Yield Yak is coming soon: https://twitter.com/yieldyak_/status/1534855224606740487?s=21&t=qEJ7aGveJrjublxrSmAnCg

0

10.06.2022

Justin · Accepted Answer

When you stake on Binance they have custody of your AVAX and it may be subject to a locking period once you deposit. Im not exactly sure, but Binance has a large staking pool and most likely lends some AVAX which is probabaly why they can offer nice yield. When you stake on your own you can maintain control of your AVAX while earning the rewards or you can utilize liquid staking on protocols like on Benqi and Yield Yak. Liquid staking is popular because it allows you to use your staked AVAX in DeFi to earn more yield, lend against your stake, etc, while simultaneously earning the staking rewards. Having your own node requires 2,000 AVAX minimum, but it does usually provide the better yield when compared to simply delagating.

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Guys I have a query. I am seeing delegating your

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