BMJ Reward Tokens: 31,340

Health, Wealth, and Happiness

September 20, 2023

Financial empowerment is the new feminism. Women can't be fully empowered until they are financially empowered.”

- Keisha Blair

Howdy investors!


What's the best way to generate yield on your crypto? Staking or yield farming?


It's a question as old as time (or old as Web3 at least), but a critical one nonetheless.


Both are good options for creating wealth. In today's lead story, we'll take a deeper look into staking vs. yield farming so you can learn how each might fit into your investing goals.


Today's news looks at two corporate behemoths wading into the crypto fray. Investment bank Citigroup is adding a blockchain and token for instant global money transfers for institutional clients. Entertainment giant Sony has announced plans to develop a blockchain to become a key part of global Web3 infrastructure.


Finally, we highlight a fantastic, downloadable report from Coin Metrics that looks at potential risks in DeFi. The report highlights that proactive monitoring and risk management are needed to safely realizing DeFi's potential.


Let's get this party started!


Crypto Staking vs. Yield Farming: Which is Better?

by Anatol Antonovici

Investor Takeaway: While staking rewards are more stable, yield farming can be more lucrative, though it demands constant monitoring. Both methods have pros and cons, so it’s up to you to determine your taste for risk, your time to babysit your accounts, and your desire for higher returns.


Staking and yield farming offer investors different ways to generate wealth from their crypto. But these approaches are different.


Staking offers predictable rewards but with some risks like lockup periods.


Yield farming is more complex, requiring active management to provide liquidity to decentralized finance services, but it offers potentially higher returns.


The choice between the two depends on your risk tolerance and time commitment.


Join us as we compare crypto staking and yield farming as methods for earning yield and creating digital wealth.


Staking or Yield Farming? Find out here >>

Premium Power-Ups

Level up your crypto investing game.

Get our MOST Popular Premium T-Shirt!


Keep Calm and HODL On. It's a classic saying in the cryptosphere, and our long-sleeve T-shirt is a classic statement for any long-term crypto holder.


While everyone else panics, this shirt reminds you to focus on the long term.


The message is reinforced with a glistening diamond on top, the universal symbol of diamond hands.


Our shirts are 100% combed ring-spun cotton, with side-seamed construction and a cover-stitched collar. They're both comfortable and classy.


Premium members who have connected their MetaMask wallets receive monthly BMJ tokens to redeem for this T-shirt, and many more. Click here to see our full range of rewards.


Not yet a Premium member? Sign up and get access to our complete library of Premium rewards!

Must Read

Today's most important stories for crypto investors.

Citigroup Debuts Token Service in Latest Foray Into Digital Assets (Bloomberg)

Investor takeaway: Citigroup has launched the new Citi Token Services, a digital token system for instant global money transfers aimed at institutional clients. The service operates on a private blockchain to streamline cross-border payments and trade finance.


These new developments may help Citi's stock ($C), down nearly 10% over the past 52 weeks, mount a recovery. For crypto investors, this is another demonstration of how crypto is seeping into mainstream finance.

Sony Unveils Plans To Develop Blockchain (The Defiant)

Investor takeaway:Sony Network Communications, a subsidiary of Sony Corporation, is partnering with Startale Labs, a spin-off of Astar Network, to develop a blockchain aimed at becoming a key part of global web3 infrastructure. The collaboration will result in a joint venture named Sony Network Communications Labs.


This move is part of a broader trend of mainstream companies, like PayPal and Nubank, embracing web3 technologies. Sony and Startale initially collaborated on a web3 incubator and Sony later invested $3.5M in Startale. The new blockchain venture aims to drive innovation across various industries

DeFi’s Double-Edged Sword(Coin Metrics)

Investor takeaway: This downloadable report from Coin Metrics examines risks in decentralized finance (DeFi) lending markets. Through several case studies (including those of an Aave short-sell attack and a bug exploit on Curve Finance), the authors highlight common DeFi risks and how investors can stay safe.


This report is a must-read for investors who want to make sure they are doing their homework before putting their hard-earned money into DeFi.

ICYMI
In Case You Missed It

Best Cryptocurrency ETFs for 2023

One fund to rule them all.


Technology Takes Time

Especially when it starts with “crypto.”


Best Bitcoin Mining Pools for 2023

Dig up your bitcoin treasure chest with these mining pools.


The Best Crypto Debit Cards for 2023

How to put your crypto on a card, then spend it like cash.


Crypto Could Topple the Global Economy

+ here's what to do about it.

Blockchain Basics

Explain Like I'm 5

BMJ Basics - The Principles of Value investing

Click to learn.

Best Staking Rates

The best rates for DeFi staking this week.

Click here to see our current staking yields, updated weekly.

Share This Meme
Copy, paste, and post

We keep it simple.

Share the Love
Help grow our crypto investing community.
If you were forwarded this newsletter, join the movement.

If you loved this newsletter, share the love.

Bitcoin Market Journal is a daily newsletter that makes you a better crypto investor. It's created by John Hargrave, Steve Walters, Gerald Jackson, Anatol Antonovici, Matthew Du, Daniel Joel, and Preetam Kaushik.


Both free and Premium subscribers get content to build them into better investors.


Upgrade to Premium and get access to our top crypto picks while earning valuable Premium rewards!

Twitter  Linkedin