I have 7000 Zilliqa - I am quite interested in Staking the currency so it holds and earns rewards but I also see that Binance will give me the option to borrow 5x isolated margin. So effectively holding 33000 ZIL for profit purposes - with a 7% yearly fee. In the long run surely using a 5x leverage would be more beneficial for taking and then reinvesting in ZIL?
Kinda new to this and not sure on the benefits and cons?
If you've been staking Zilliqa since the end of 2020 you might have noticed the appearance of a governance token in your wallet, GZIL. Now you might be wondering what to do with it. An Option for the ...
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