Old School Crypto Staking For High Yield Easier For Most Investors Than New Restaking Craze
Portfolio Pulse from Kenneth Rapoza
The article discusses the benefits and risks of staking and restaking cryptocurrencies for high yields. It highlights that staking involves locking up cryptocurrency to earn interest, while restaking allows staking the same tokens on multiple blockchains for potentially higher returns. The article mentions several cryptocurrencies and platforms involved in staking and restaking, including Kelp DAO, Algorand, Polkadot, and EigenLayer.
June 24, 2024 | 5:02 pm
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POSITIVE IMPACT
Algorand offers staking with an annual yield of around 4.7%, making it an attractive option for long-term crypto investors.
Algorand's staking yield of 4.7% could attract long-term investors looking for stable returns, potentially increasing demand for ALGO.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Coinbase announced it will list restaking protocol EigenLayer for pre-launch trading, enabling ETH holders to re-stake their tokens on multiple blockchains.
Coinbase's listing of EigenLayer for pre-launch trading could attract more users to the platform, potentially increasing trading volumes and revenues.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Polkadot offers a staking yield of 11.50%, making it one of the highest-yielding staking options in the market.
Polkadot's high staking yield of 11.50% could attract more investors, increasing demand and potentially driving up the price of DOT.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Kusama offers a staking yield of 11.81%, positioning it as a high-yield option for crypto investors.
Kusama's high staking yield of 11.81% could attract investors seeking high returns, potentially increasing demand for KSM.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
SKALE Network offers a staking yield of 11.45%, making it a competitive option for investors looking for high returns.
SKALE Network's staking yield of 11.45% could attract investors looking for high returns, potentially increasing demand for SKL.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Tezos offers a staking yield of 5.89%, providing a moderate return for long-term crypto investors.
Tezos' staking yield of 5.89% could attract long-term investors seeking moderate returns, potentially increasing demand for XTZ.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50