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From staking to lending, five of the best ways to grow your crypto

As the cryptoeconomy grows and evolves, there are more ways than ever to earn rewards for holding crypto, learning about crypto, or interacting with decentralized finance (or DeFi) apps.  Most of these opportunities are available right inside the main Coinbase app or website, while the last one requires the use of a wallet with a DeFi browser built in, like Coinbase Wallet . We’ll walk you through the basics of some of the best ways to grow your crypto via rewards right now.

1. Learn

In exchange for learning the basics about certain cryptocurrencies (usually by watching short videos), you can get some to try for yourself. 

2. Stake some of your crypto

Many cryptocurrencies now use a “Proof of Stake” consensus mechanism which is a way their decentralized networks can ensure that all transactions are verified and secured without a bank or payment processor in the middle. 

3. Turn your dollars into stablecoins

One potential downside of staking rewards is that they’re paid in the native cryptocurrency, which can be volatile. But you can earn rewards simply by buying and holding dollar pegged stablecoins like Dai and USD Coin.

4. Lend some of your crypto with CeFi

It can be challenging at times to hold dollars in a traditional savings account and earn meaningful yield. But stablecoins have made a very similar proposition possible. A

growing number of centralized finance (or CeFi) products have emerged that provide compelling yield for keeping some of your crypto holdings in stablecoin form.

5. Lend some of your crypto with DeFi apps

If you’re comfortable with higher potential risks for higher returns, you can experiment with lending some of your crypto via DeFi apps. (DeFi remains an emerging technology, so make sure not to invest more than you can afford to lose if you decide to experiment with these protocols.)