StakerDAO is a platform for governing financial assets in a decentralized, secure, and compliant manner. The StakerDAO community builds and manages products for on-chain governance, cross-chain synthetics, and tokenized real-world assets.
What does DeFi mean in Crypto?
What is Stakedao?
Stake DAO is a non-custodial platform that enables anyone to easily grow their crypto portfolio. It is built on top of decentralized blockchain protocols, offering a seamless way for people to grow, track, and control assets right from their wallet.
How do you make money with DeFi?
The simplest way to earn a passive income through DeFi is to deposit your cryptocurrency onto a platform or protocol that will pay you an APY (annual percentage yield) for it.
Is it safe to invest in DeFi?
First, you should remember that any investment carries risk. Like the rest of the crypto market, DeFi is on the higher end of the risk spectrum. Even if something looks safe, there are probably risks that you’re not aware of. Any promises of “guaranteed” returns or profits should raise alarm bells.
Is DeFi crypto safe?
DeFi, like crypto in general, is a big target for fraud. More than $10 billion was lost to hacks and scams in DeFi projects in 2021 alone, according to a report from the blockchain analytics firm Elliptic. There typically isn’t much recourse for victims of DeFi scams.