In the world of cryptocurrencies, staking and farming have become popular ways to earn passive income. These methods allow users to earn cryptocurrency without actively trading on markets. But how do you track these events and why is it important? The answers to these questions can be found in the crypto calendar.
What is staking?
Staking is the process of locking up a certain amount of cryptocurrency to support the operation of a blockchain network. In return, users receive rewards in the form of new coins. In the crypto calendar, it’s important to track events related to new staking opportunities, protocol changes, the launch of new staking platforms, and reward rate updates.
What is farming?
Farming is the process of providing liquidity to pools for decentralized finance (defi) applications in exchange for interest or tokens. This can involve coin swapping, liquidity pools, or staking on defi platforms. In the crypto calendar, it’s useful to track events related to the launch of new farming platforms as well as changes on popular defi platforms.
Why track staking and farming?
- Earning passive income: Engaging in staking or farming can become a steady source of passive income.
- Choosing the best opportunities: Regularly tracking updates and new opportunities helps you select the most profitable investment conditions.
- Adapting to changes: Cryptocurrency platforms often change their rules, interest rates, and conditions. The crypto calendar helps keep you informed of these changes.
How to use crypto calendar for staking and farming?
- Sign up for notifications: Get notifications about new staking and farming events.
- Track airdrops and forks: These events can provide opportunities for additional income through staking or farming.
- Updates on popular platforms: Follow updates on platforms like ethereum, polkadot, solana, and others that actively support staking and farming.
Conclusion
Tracking staking and farming events through the crypto calendar helps you stay informed about the latest happenings in the cryptocurrency industry and effectively plan your investments. Using this information can significantly increase profitability and minimize risks.
