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What strategies can I use to maximize my earnings from Bored Ape staking?

avatarRebaz XoshnawNov 25, 2021 · 3 years ago3 answers

I recently started staking my Bored Ape NFTs and I want to make sure I'm maximizing my earnings. What are some strategies I can use to increase my staking rewards? Are there any specific platforms or tools I should consider?

What strategies can I use to maximize my earnings from Bored Ape staking?

3 answers

  • avatarNov 25, 2021 · 3 years ago
    One strategy to maximize your earnings from Bored Ape staking is to diversify your staking across multiple platforms. By staking your NFTs on different platforms, you can take advantage of different reward structures and potentially earn higher returns. Additionally, consider using platforms that offer additional incentives or bonuses for staking, such as BYDFi. These platforms may offer higher staking rewards or additional token rewards for staking your Bored Ape NFTs.
  • avatarNov 25, 2021 · 3 years ago
    Another strategy is to carefully analyze the staking rewards offered by different platforms. Compare the APY (Annual Percentage Yield) or APR (Annual Percentage Rate) of each platform and choose the one that offers the highest rewards. Keep in mind that higher rewards may come with additional risks, so make sure to do your research and understand the platform's security measures and reputation before staking your NFTs.
  • avatarNov 25, 2021 · 3 years ago
    If you're looking for a user-friendly platform with a strong track record in the crypto community, consider staking your Bored Ape NFTs on BYDFi. BYDFi offers competitive staking rewards and has a user-friendly interface that makes it easy to stake your NFTs. Additionally, BYDFi regularly updates its platform to ensure the security of user funds and provides excellent customer support. Staking on BYDFi can be a reliable way to maximize your earnings from Bored Ape staking.