The world of decentralized finance (DeFi) is fascinating. There’s many aspects that most people have not experienced in their lifetime including staking, lending, earning rewards, and more. 

In this post I’ve outlined a few things that I think are interesting moves:

You can buy AXS on any centralized or decentralized exchange. When you buy AXS on a centralized exchange like coinbase, you’re purchasing it on Ethereum. To stake your AXS you need to move your AXS from Ethereum to Ronin which is the native blockchain for Axie Infinity. To move your AXS from Ethereum to Ronin you can use the Ronin bridge. You’ll have to have a Ronin wallet setup to do this. Once it’s in your Ronin wallet you are able to stake your AXS and earn rewards. The current APR is 113%. 

Buy OHM, stake, and earn rewards in sOHM or gOHM. They just released their v2 migration which moves your position from sOHM (your staked OHM) to gOHM which is their cross-chain governance token. The current APY is 4,424%.

Buy TIME, stake, earn rewards in MEMO. This protocol is built on the Avalanche mainnet. The current APY is 81,231%. 

Decentralized lending protocol with isolated pairs.

There’s a few trusted and known liquidity protocols for earning money on your crypto assets. The ones i’ve heard a lot about are Aave, Compound Finance, Yearn Finance.

I compared 3 stablecoins (DAI, USDC, and Tether) on each platform to see which ones are offering the highest APY for staking/depositing:

These are all fairly simple plays for people that are new to DeFi. I’ll begin diving into more advanced strategies and share my learnings here.

Hit me up on Twitter if you think I missed anything.

My twitter: @ryanashank

The world of decentralized finance (DeFi) is fascinating. There’s many aspects that most people have not experienced in their lifetime including staking, lending, earning rewards, and more. 

In this post I’ve outlined a few things that I think are interesting moves:

You can buy AXS on any centralized or decentralized exchange. When you buy AXS on a centralized exchange like coinbase, you’re purchasing it on Ethereum. To stake your AXS you need to move your AXS from Ethereum to Ronin which is the native blockchain for Axie Infinity. To move your AXS from Ethereum to Ronin you can use the Ronin bridge. You’ll have to have a Ronin wallet setup to do this. Once it’s in your Ronin wallet you are able to stake your AXS and earn rewards. The current APR is 113%. 

Buy OHM, stake, and earn rewards in sOHM or gOHM. They just released their v2 migration which moves your position from sOHM (your staked OHM) to gOHM which is their cross-chain governance token. The current APY is 4,424%.

Buy TIME, stake, earn rewards in MEMO. This protocol is built on the Avalanche mainnet. The current APY is 81,231%. 

Decentralized lending protocol with isolated pairs.

There’s a few trusted and known liquidity protocols for earning money on your crypto assets. The ones i’ve heard a lot about are Aave, Compound Finance, Yearn Finance.

I compared 3 stablecoins (DAI, USDC, and Tether) on each platform to see which ones are offering the highest APY for staking/depositing:

These are all fairly simple plays for people that are new to DeFi. I’ll begin diving into more advanced strategies and share my learnings here.

Hit me up on Twitter if you think I missed anything.

My twitter: @ryanashank