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25 sats \ 1 reply \ @Signal312 27 Oct 2023 \ parent \ on: Kraken has notified account holders en-mass about Bitcoin transaction bitcoin
Go self custody your assets and DeFi as an alternative
Can you explain what this means - DeFi as an alternative? What are some specifics?
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0 sats \ 0 replies \ @CryptominerGMI 27 Oct 2023
Happy to!
For proof of stake blockchains, staking your native token helps secure the network. In return, you earn a reward. That yield varies across different chains (examples: ETH, MATIC, SOL, AVAX). You do this using a self custody wallet rather than a middleman (CEX).
There is no reason to leverage earn products on CEXes when the risk is greater and the yield lower. DeFi beats CeFi in both categories.
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