Alternative Income Streams (USDT staking, yield farming)

[DegenLifestyle]

I believe we’re all exhausted by the crazy price action these days, but it seems BTC is destined for $76K in the coming weeks or days. NFA though! Trading has become 100% more unpredictable—price action no longer respects order blocks or fair value gaps. As a smart trader, this might be the time to stay off the market and explore alternative income streams.

You could look into getting a Web3 job, staking (like This usdt staking offer for new USDT users with a 500% APR—though you’d need to create a new account or use a friend's), or even shorting the market (risky, of course).

Right now, trading isn’t very generous given the current market conditions—unless you're an expert scalper. If you have other ideas, feel free to share below. Let’s talk.

[Charles-Tim]

The 500% staking APR on exchanges like Bitget and others are only for new users and it will not last long. It may only last for just a week.

Most exchanges offer 10% or less APR for USDT which is not worth it at all to be risking holding your coins on a centralized exchange.

[target]

Staking your USDT to earn 500% APR is a dream.  Bitget I think is a very scare platform to do it. No company would do this and will still be making profit after thousands of users take advantage of this.
 
Binance being the largest in crypto isn't offering this kind of APR so why is bitget able to afford this offer?  This is kind of suspicious offer to me, its like they are luring people just so they could collect more KYCed people in crypto.

[DegenLifestyle]

The 500% staking APR on exchanges like Bitget and others are only for new users and it will not last long. It may only last for just a week.

Most exchanges offer 10% or less APR for USDT which is not worth it at all to be risking holding your coins on a centralized exchange.

Yes seems it's for new users, maybe I can use someone's details to grab it. Would be worth the stress I suppose haha. So where do you hold your coins that offers more?

Staking your USDT to earn 500% APR is a dream.  Bitget I think is a very scare platform to do it. No company would do this and will still be making profit after thousands of users take advantage of this.
 
Binance being the largest in crypto isn't offering this kind of APR so why is bitget able to afford this offer?  This is kind of suspicious offer to me, its like they are luring people just so they could collect more KYCed people in crypto.

Nah it's a promo for new users and would only run till 26th from what I saw. Other exchanges does this too, but I'm guessing this one is more generous

[rdluffy]

I keep doing what I've been doing for a while: farming airdrops
It's been quite lucrative and at times like these when the market is pessimistic and many are giving up, the competition tends to decrease and the future reward can increase

Even if you only have stablecoins, it's still possible to farm good airdrops, like the one from the Eclipse network for example

Protocols such as Compound have APYs of around 15% for USDC, which is also a good option, and works in several networks, like Polygon for example, cheap txs and safe to use

[joniboini]

It's been quite lucrative and at times like these when the market is pessimistic and many are giving up, the competition tends to decrease and the future reward can increase

Are new projects worthy though? While you can earn more it would be useless if the tokens you gain are worth nothing too. But I can see your point. I don't think airdrop is going to disappear judging from how many airdrop accounts are active on Twitter. They have a decent following and some influencers also tweet about airdrop once in a while. They move quickly to other trends though, as expected from influenceres.

[rdluffy]

Are new projects worthy though? While you can earn more it would be useless if the tokens you gain are worth nothing too. But I can see your point. I don't think airdrop is going to disappear judging from how many airdrop accounts are active on Twitter. They have a decent following and some influencers also tweet about airdrop once in a while. They move quickly to other trends though, as expected from influenceres.

Only time will tell if the new projects will release worthwhile airdrops, nothing is guaranteed, but I've achieved great results and managed to increase my portfolio with airdrops
However, it takes time and/or capital to have a good chance at the new projects that are still tokenless, many will give up before hit a good airdrop

If you look on X or Discord for example, there's a whole culture of airdrops hehehe

[Findingnemo]

500% APR, ready to be scammed?....

Staking is a way to generate passive income but my opinion on that is doesn't worth the risk, because the realistic return will be 6-8% which is more than interest rate from bank accounts but in crypto standards it's something that we can make in a day.

If you really hold too much fiat and looking to make money, simply hold in your wallet instead of doing these risky plans.

[rdluffy]

500% APR, ready to be scammed?....

Staking is a way to generate passive income but my opinion on that is doesn't worth the risk, because the realistic return will be 6-8% which is more than interest rate from bank accounts but in crypto standards it's something that we can make in a day.

If you really hold too much fiat and looking to make money, simply hold in your wallet instead of doing these risky plans.

In the case the OP mentioned, it's not a scam, but a marketing strategy, and this APR is only valid for 3 days
There's nothing spectacular about this offer to be honest 


Source https://www.bitget.com/support/articles/12560603823836