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Hi Fishes, I recently joined Pwc AC and was informed to update my checkpoint portfolio where we update all our investments. If we have some investments and if we do not declare them, will it be a problem or can I update it as Nothing to report. Recently I joined here so I'm having some confusion regarding this.
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Pro
Minor correction - you can stake or you can lend.
Staking is done for proof of stake coins
Lending is done through DeFi or cefi platforms like AAVE (defi) or BlockFI (cefi)
BTC - transfer to a lending wallet that gives an IR
ETH - You can choose to lend or stake ETH. If lending, see above but be careful with gas fees for the transfers. For staking from CB Pro you can transfer to Coinbase, convert to ETH 2.0, and stake.
Alternatively, you can stake on other platforms - just requires transfers
Pro
You can stake DOT on OKCoin or Kraken. OKCoin has the higher APY (17% vs. 12%). If you stake ETH, please remember that you can’t withdraw your funds until ETH 2.0 goes Live which could be in 1 year, 5 years, etc. There are timeline estimates but no one knows for sure when it’ll happen
Go to the duel arena.