I just started using SmartBCH by bridging a small amount of BCH using CoinFlex, swapping BCH for EBEN then staking EBEN on BenSwap.
I have always been aware that the theoretical returns in DEFI are much higher than what CEFI companies offer, but I have been turned off from experimenting with ETH due to high gas fees & the fact that I need to purchase a different coin (ETH). Now that I can do all of this on BCH, I can use smartBCH for staking instead of CEFI accounts. DEFI has always been something I have steered away from. Now that I can explore DEFI using my favorite crypto, I am eager to try but I am fearful of the risk compared to CEFI.
Is SmartBCH considered stable?
Is CoinFlex trustworthy or should I wait for the decentralized bridging to be completed?
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source https://www.reddit.com/r/btc/comments/pmfuou/smartbch_staking_vs_cefi_custody/
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