Warren Buffett once said, If you don't find a way to make money while you sleep, you will work until you die. This is a maxim with which I completely agree. That is why today I will present you my sources of passive income from cryptocurrencies.
Binance Launchpool
I have mentioned this method of earning a few times, I even wrote a separate article. It is a source on which I spend little time and relatively few resources. I do this because often the interest rates are not satisfactory enough to put some huge amounts of money there. Often it is just a few dozen dollars maximum. I usually do this when I have nothing to do with my spare money in the form of cryptocurrencies. In this way the money does not lie idle but generates some profit.
Harvest Finance
Harvest.Finance is the first DeFi project I have invested in. I chose the secure Profit Sharing token FARM. You invest FARM and receive that very token over and over again. I personally want to get rid of this investment as soon as I can. The nightmarish transaction prices on the Ethereum network make me nauseous. As soon as I am profitable on this transaction I will withdraw the whole FARM and sell it on the exchange. I like BSC much better.
PancakeSwap
Surely most of you have heard about this platform. It is the largest DeFi project on BINANCE Smart Chain. I am currently investing in two projects on this site. This is the CAKE Pool where by putting in CAKE you receive the same cryptocurrency. I use the one percent rule here. When in the balance of new tokens there will be 1% of my tokens put in earning then I make a reinvestment. For example, if I have 100 CAKE in the investment I click on Compound when the balance is at least 1 CAKE. I do this in order to maximize profits, I will receive these CAKE tokens anyway so I put them back to make more money. The second Pool is FOR-BUSD. I invested $25 in it, because I had nothing to do with the money. I did so because I was attracted by the interest rate of over 400%. After some time it is barely over 200% and stays there. I plan to earn at least 50% of the capital to put the money in something else later.
Cub Finance
I mentioned this project in this article. I was very fascinated by the transfer of DEC crystals from the SPLINTERLANDS game to the BSC blockchain. So I collected as many crystals as possible and topped them up with BUSD to invest in the DEC-BUSD Pool. The current interest rate is hovering around 600% so it's a quick injection of new tokens, in this case CUB, with fairly small capital. So, to give it a try. I will most likely reinvest when I get more BUSD tokens and DEC crystals.
Pancakebunny Finance
This is a project that I invested in literally yesterday. I was looking for a high interest rate to put my free money into something. I just happened to have about $30 free so I bought over 3.6 CAKE and was looking for an investment. I found an investment in CAKE on this site and the funds reinvest themselves. The interest rate of over 400% is very nice and I will wait a few weeks and look for something else.
Summary
As you can see most of my investments are based on CAKE token. Somehow most of the projects are based on it so I look for opportunities to earn there. These are my main sources of passive income. I am curious what yours are. Let me know what projects or sites you use, I am very curious.
Below you will find useful sites from which you can learn more about cryptocurrencies and make money from them. I will be very grateful if you use my link.
Crypto exchanges
KuCoin
Binance
Hotbit
Social networks
Publish0x
Odysee (formally LBRY)
Games based on blockchain, cryptocurrency earning games
Splinterlands
Rising star
Cryptobrewmaster
