Time = the number of hours spent doing some work.
Money = the amount earned for doing the work.
As Mr. Buffett once famously said, 'If you don't find a way to make money while you sleep, you'll work until you die.'
That's the dream. To generate a passive income that takes none or little of our time and allows us to enjoy our lives to the full on this little ball of rock and water called earth.
So, this brings us to cryptocurrency investments in 2022. The Crypto ecosystem has recently experienced increased financialization and the development of different passive income opportunities based on cryptocurrency holdings. Lending and staking are examples of passive crypto income, and they provide opportunities for cryptocurrency investors to earn beyond the price increase of their holdings. But before you rush in and start handing your assets over to the first come company you come across, it's always a good idea to do your due diligence first.
That's where we come in handy. To help you find the best passive cryptocurrency investment solutions to maximize your
profits.
AUTOMATE YOUR SAVINGS
In the same way that fiat currency may earn interest in a savings account, cryptocurrency can do the same by being deposited across multiple sites. Nexo, BlockFi, and Crypto.com are a few examples of centralized cryptocurrency savings accounts. These platforms use your money to make overcollateralized loans to institutional borrowers. In a similar manner, Binance and Huobi are just two of the numerous cryptocurrency exchanges that offer consumers a return on their holdings. Moreover, traders who have stablecoins can earn interest on decentralized savings services like Orion Money and Anchor. There are also automated services like Yearn Finance and Autofarm, which invest your money across many DeFi products to increase your return.
YIELD FARMING
If you are currently acting as a liquidity provider, yield farms can play a vital role in increasing the passive income on your cryptocurrency investment. Yield farms, as their name indicates, are online hubs where users can engage in "farming" for results in a variety of ways. To participate in a farm's reward pool, you will usually have to stake some of the liquidity provider (LP) tokens you already own. Staking your tokens into the yield pool entitles you to a percentage of the benefits it distributes on a daily, weekly, monthly, and annual basis, in accordance with the amount of staked tokens you provide to the pool.
LENDING PLATFORMS
A growing number of people are cashing in on cryptocurrency loan services. These features are available in centralized and decentralized markets via reputable lending platforms. Lending your digital assets to borrowers allows you to earn interest as a hands off stream of revenue. There are primarily four ways to create passive income from cryptocurrency, including:
Margin Lending
Peer-to-Peer Lending (P2P)
Decentralized or DeFi Lending
Centralized Lending
CRYPTOCURRENCY INVESTMENT FUNDS
While it's common knowledge that passive income streams often need some preliminary effort and ongoing maintenance, it's just as important to bear in mind that this doesn't always imply they aren't worthwhile. But crypto funds, which are the best passive investment solutions, are an exception to this. Crypto funds, which are like traditional hedge funds, let you make money from your cryptocurrency holdings the same way you would from your traditional financial assets. The most basic kind of this type of fund would be one that invests in a single asset, like Bitcoin or the Decentraland trust. Through these markets, non-cryptocurrency investors can now track the price of a single cryptocurrency in fiat currency. The Pantera Blockchain Fund is one of Pantera Capital'sCapital's most intricate investment products. It makes a lot of crypto exchanges possible, like those that deal in venture capital with tokens that can be bought and sold.
YIELD-BEARING TOKENS
Last but not least, holding yield-bearing tokens seems to be the ideal way to generate passive income from your cryptocurrency investment.
As the name implies, these tokens give their owners a share in the issuer's profits, which is like how investors get dividend payments. Today, a diverse range of dividend-paying tokens are available, each with its own unique mechanism. Kucoin Shares, AscendEx, and Nexo are all popular tokens that pay dividends and provide their owners a share of the company's profits.
As long as you maintain these tokens in your wallet, you may be eligible to get regular airdrops as a type of dividend payment. However, in certain cases, you will need to register with the issuing platform and go through KYC verification before you get your dividends. With companies such as Bolide.fi, you can start with any amount and invest in a vast range of staking and farming options while choosing a strategy that best suits your risk appetite. Even better, there's no lock-up period, and you can get APYs of up to 30%!
Here are some of the benefits of investing with Bolide:
- A one-stop investment product with access to leading protocols
- Automated, stablecoin investing produces maximum yields
- Low risk, market-leading yields of up to 30% APY
- Earn an extra 20% staking your BLID tokens and enjoy 11% APY on farming
- Start investing with any amount
- Hands-off, automated investments using your stablecoins
- No lock-up period-access your funds and profits instantly
- No withdrawal limitations
Starting your yield farming and staking journey is easy with platforms like Bolide. Simply visit Bolide.fi, connect your crypto wallet, deposit either $USDT / $USDC / $DAI / $BUSD, BTC or ETH and you're good to go.
Start earning interest at the speed of light with Bolide today!
For more information on generating a passive income on your cryptocurrency investments, visit Bolide. fi
