Earn passive income with crypto
In the ever-growing world of DeFi, there are countless opportunities for you to earn money apart from simply “HODLing” a cryptocurrency for an eternity. If you are looking to earn some passive income on cryptos you already own, then look no further because I would be breaking down some money-making methods in the DeFi space.
Some methods widely used in the DeFi space are:
- Staking
- Yield Farming
- Crypto Lending
In part 1 of this 2-parts article, I will be touching on the
simplest and easiest way to get started on generating passive income from your crypto holdings through the process of staking on centralized exchanges (CEX)
I will then proceed to talk about a more advanced level, called yield farming, which could potentially generate you
interest of >100% per annum (vs. your 0.05%/annum savings account interest. Yeah!) But of course, do note the saying of “greater returns, greater risks” definitely still applies here....
