Polkadot community is communicating again, which is good news. They announced a huge increase of TPS (Transactions Per Second) in a few months, which sounds promising. Despite the ups and downs of crypto market, with Bitcoin (BTC) and Ethereum (ETH) showing the way, Polkadot will grow.
However, holding DOT without staking it makes no sense, due to its high inflation rate. The problem is that the staking on Polkadot blockchain is really complicated, and slow. On top of that, there is an unbonding period of 28 days... Which is really dissuasive. Fortunately, there are other ways to stake:
1) Centralized exchanges such as Binance: very easy, good APR (> 20%) but centralized. An alternative is to buy BDOT with a huge discount on Binance (about 37% cheaper than DOT), which can be exchanged for DOT in about 1 year and 3 months, which means the actual APR is > 30% (please DYOR).
2) Moonwell lending protocol on Moonbeam chain, which is a parachain of Polkadot (so, benefitting from its security). The APY is currently 23%.
Happy (easy) staking to everyone!
Disclaimer: this article does not contain any financial advice. The information is provided for general informational and educational purposes only.
Please find below a few links to earn a few coins...
