Which coin do you think is best to send to

Question

Bake EN (official)

Emiel

Which coin do you think is best to send to

the wallet? My account is still active so I can continue with that one.

0

17.08.2023

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Zachary Chan · Accepted Answer

That’s completely up to you. Bake is constantly expanding their support for new crypto, as mentioned, there’s now DFI, ETH, Matic, Sol, Dot for Staking. For liquidity mining, the features actually remain the same as before. The APYs as before are all listed in the app, so which LM you want to go in is based on which coin you own/or believe in so to speak. As with anything, LM continues to have the same caution of impermanent loss. You mentioned the DefiChain DEX fee before, and that fee is still there (for a good reason), but only applies to the dStock and dUSD pools. So if you want to enter LM again with Bake, and do not want to incur those fees, then the DFI-crypto pools are what you want to look at such as USDC-DFI, BTC-DFI, ETH-DFI, etc. Also, remember that for LM, rewards are in DFI.

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Which coin do you think is best to send to

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