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Which do you feel are the most secure places to liquid stake or earn yield on ETH, stETH or other derivatives?
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During the 2020-2021 bullrun I had the majority of my crypto in various yield generating platforms. I began in March 2020 and pulled everything out some time in early 2022. Viewing the collapse of some outfits and seeing the possibility of a snowball effect, I exited and have stayed out.

I didn't do a whole lot of research into any of these platforms, and was lucky that I my only haircut, was a 3% loss on BBTC (Binance BTC) on the platform Autofarm. They said they would investigate and provide some restitution, but they never said anything about it again. I did have some in Mashrinsky's Celsius, but pulled it out when I noticed the yield has dropped from 3% to less than 1%.

The platforms I used for yield (in rough order of how secure I feel they are):

CeFi:

Binance
Crypto.com
NEXO
Youhodler
Celsius

DeFi:

Rydium
Pancakeswap
Venus
Beefy
Tulip
1Inch
Alpha
Badger
Alpaca
Acryptos
Belt
ApeSwap
Bunny
Synthetix
Autofarm

What are the ones you feel most secure depositing one? I like Beefy as it has a built-in option for insurance. Fro CeFi, i LIke Binance, Crypto.com and Kraken, as they seem to have a long history of good operations, and have some insurance. NEXO also has insurance, but people say it's ownership is sketchy.

My past strategy was to spread across multiple CeFi and DeFi platforms to mitigate risk, and that's something I'd like to continue doing. seETH is one I am interested in.

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2 years ago