99
Passive Income = what we all strive for in 1 way or another. We like Proof-of-Stake tokens because you just need to lock up your tokens and you earn free tokens for zero work for virtually forever. We like publishing articles here because after the work is done and article written you can earn tips on it for virtually forever. Noise.Cash/Noise.App earn passively for what we already do. Retirement plans revolve around passive incomes. We put money aside so it earns interest over the years and then we have more in the account then we put in. Truly the modern world revolves around passive income. It is why we all try to pass out our referral links to earn ... passively from others people work :)
So that is why today I wanted to walk through Taco Swap with you. If you already use it then you understand the benefits of passive income. If you don't use it already then you are in for a treat!
Within the WAX ecosystem there is another ecosystem called TACO. TACO is it's own cryptocurrency within the WAX ecosystem. However it has quickly blossomed into it's own massive world and following. Currently there is TACO, SHING and ONI in it's ecosystem. They have their own game where you are basically trying to make tacos and working various food stands called Venues. https://app.tacocrypto.io/brigade
It is called Brigade, you have a Venue and as you level it up (which costs TACO) you can do more things and people who don't own a Venue can 'work' at your Venue and earn SHING. SHING can be converted into Ingredients which are needed to level up higher lvl Venues. Rinse and Repeat. That isn't the point of this article though that is just some background.
The point of this article is to talk about https://swap.tacocrypto.io/ What the TACO team did was create their own exchange of sorts. I think we are all pretty familiar with Alcor Exchange at this point. And Taco Swap is an exchange and also a place to stake/add liquidity.
This is what is looks like when you swap tokens on Taco Swap:
It is very simple to pick what you want to sell from the drop down and pick what you want to get from the Buy dropdown. At the very top left corner there is a menu:
The Liquidity option isn't really needed per-say. It is there to quickly see what pools you have liquidity in but I would highly recommend you add liquidity in the "Salsa" and "MEAL" menus.
Why Salsa and Meal and what do they stand for? Salsa is more accurately S.A.L.S.A which stands for Single Asset Liquidity Staked Alone pools. Which means you stake 1 token and you earn 1 token that may or may not be the same token you staked. For example
M.E.A.L stands for Multi Earning Assets Liquidity. Think of MEAL pools as classic Liquidity pools. There is a pair of assets and you need to stake both of them. The beauty to MEAL pools though is the rewards can change and be greater then just what a normal Liquidity pool would give you.
For example let's take a look at the ones I am currently staked in:
There are just the top 4 but I am currently staking in 9 MEAL pools. The Light/WAX one is interesting and one I want to talk about. If you click on the pool to show more details you will get an expanded view which you can see here:
Total staked = the total amount that everyone is staking to this pool
APR = Annual Percentage Rate (higher the better)
Daily Rewards = How much of each token/coin is given out each day to stakers
Remaining Time = How much longer those tokens will be given out each day (this is important to keep track of)
Mine staked = How much I am currently staking to this pool
Pool Share = What percentage of the Total staked that I am staking and also the percentage of daily rewards that I will get
Me estimated daily rewards = This is self explanatory :)
The one thing I wanted to make note of though is the Token/Coins that you can earn from MEAL pools can change. What is really cool is that the TACO team will add TACO as a reward for a week to the top 3 performing SALSA pools. They will post about it on their Discord. Like so:
The LIGHT pool has been getting the 50 TACO added for the past few weeks which is nice but it's also something to keep track of because if you are expecting to get TACO rewards from the LIGHT pool and then all of a sudden you stop it probably means the week is over and it didn't get extended another week.
Honestly that is pretty much it guys. If you have TACO laying around I highly suggest you put it to work in these pools and earn passive income today. Where else can you earn 5 BJ's a day?
