Step 1: Self Assessment
Different strategies make sense for different people based on their risk tolerance, their short & long term financial goals, and how actively or passively they want to manage their investment.
Based on your profile & style, you can choose your investment strategy:
"Invest & forget" strategy is to use the Autocompounder, where you can easily stake your EMP-ETH LP or ESHARE-BNB LP pair (or both) and leave it in a vault, which will grow your amount of LP automatically selling the rewards and buying LP tokens. Hassle-free.
Use EMP-ETH LP in the respective farm to collect ESHARE rewards.
Sell some of the ESHARE rewards to re-compound EMP-ETH LP, stake a smaller part of the ESHARE rewards in boardroom to get EMP.
Pair EMP rewards from the Boardroom with fresh ETH and re-stake.
A full degen never stops. Buy low, sell high -- sounds easy? Many have failed. You can actively try timing the market and finding the best combination of options when and what to stake/re-stake, buy and sell. This usually requires being glued to the screen as well as following overall market trends. This is for experienced traders only and not recommended if you do not know what you are doing.
All the strategies are enhanced when you use the earned profits not just to sell and forget, but to re-stake back into the EMP.Money ecosystem. This is how we EMPower the protocol.