Passive income

[Valak]

What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

I think that if you have that much money, even short-term trading will generate greater profits than staking. I've been staking with some coins, but it didn't give me the maximum profit.

[seleme]

What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

I think that if you have that much money, even short-term trading will generate greater profits than staking. I've been staking with some coins, but it didn't give me the maximum profit.

But the risks are greater on short-term trading unlike staking. The more you trade the more chances are going up to rip all the capital. The best method is the safest method that gives steady profit over time, I prefer staking as passive income rather than losing investment.

[Handsome Boy]

What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

what other method do you mean? because in my opinion staking is the best method to get passive income right now and CAKE is also one of the best altcoin for staking at this time, so I think your choice is right by staking CAKE to get passive income, because it will definitely give you a lot of profit from staking and hold CAKE for the long term.

[Dragonfund]

For me staking ETH for ETH 2.0 is much more promising since this coin has very strong fundamental since more than 5 years ago. $CAKE is quite new and could be just another hype coin in bullish market back then. So i think for long time passive income, staking ETH is more profitable

Cake are just a price high coin that's probably pump by early investors and traders. Must of this coin that are hype and overpriced are perhaps due to the people behind it.
There are some situation where one of project team may decide to create his own token. The thing is, once users knew it earlier, they will all jumped because of his previous performance from the project.
Now this guy's are so patient and believe and before you know it, the project might start pumping.
One must be careful with all this crypto when it come to alternative way.

[Tumanggor]

If you want passive income then the best thing for this one is being a manager in Axie Infinity, you are not playing on the game but you have the people to play for you, it is profitable as the price of SLP is now higher than before. NFT game is now being prominent all over the world and it is the best start for us to earn money from playing.

You may also go for taking but I do not prefer that one because its not that too profitable compared to other passive income.

I agree with you, playing in Axie Infinity is really promising
OP has a capital of $ 5000, if he only spends $ 1000 then it is very enough to build a character in axie infinity

We really don't know what will happen in Axie's future but for now, that game is highly recommended
if you are lucky and get a "mystic" character then you become rich

[MoneyJ]

Apparently almost all DeFi yield passive income. Now, although we have bearish market, is the time to learn how liquidity mining and yield farming work to our advantages. So many DeFis are into it but be careful .

[Ulvajaya]

Actually it's better for us to think right and look for passive income, because in making policies or decisions for us to jump into one thing we want to do, there must be risks and sustenance, of course we have to have choices and have our own right reasons. and it will not be in vain to come

[guydin]

What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

To my mind, the only profitable sphere now is NFT gaming, but it is not about passive incomes. So if you don't want to do anything and just get profit, the best choice for you is to invest in fundamental currencies in the long term and also stake them. Pancakeswap is a good, reliable project, so try it. But in terms of staking, don't invest in new defi projects now, as you will earn their native tokens that fall in the first three days and then don't return to previous levels.

[pinkflower]

What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

To my mind, the only profitable sphere now is NFT gaming, but it is not about passive incomes. So if you don't want to do anything and just get profit, the best choice for you is to invest in fundamental currencies in the long term and also stake them. Pancakeswap is a good, reliable project, so try it. But in terms of staking, don't invest in new defi projects now, as you will earn their native tokens that fall in the first three days and then don't return to previous levels.

My Defi Pets will have staking of their DPET tokens in the game and players will also be allowed to stake their own pets and they can also lend the pets. The tokens are becoming expensive though, it’s about $8 - $9 per coin now but with only a $60,000,000 marketcap.

[RussianEnglishTranslation]

What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

If you want $cake then you need to buy cake $Monsta "Benoveses". Cake Monster uses transaction fees to buy $cake and distribute it to holders. I also like NEAR protocol for staking, it has one of the highest staking rewards at over 10% and it is hands down the most scalable and advanced crypto in existance.

[tyz]

Apparently almost all DeFi yield passive income. Now, although we have bearish market, is the time to learn how liquidity mining and yield farming work to our advantages. So many DeFis are into it but be careful .

This is actually the best way to make big profits in the future if you believe that there will be a bull rally again after the bear market. Because now that the tokens are worth less, you get all the more tokens through the passive income. As soon as the market recovers and starts a bear rally, these tokens received through passive income will push your overall profit enormously. The biggest mistake most investors make is that they don't think long term and then they always look at the current $ value of the tokens.

[enhu]

Apparently almost all DeFi yield passive income. Now, although we have bearish market, is the time to learn how liquidity mining and yield farming work to our advantages. So many DeFis are into it but be careful .

This is actually the best way to make big profits in the future if you believe that there will be a bull rally again after the bear market. Because now that the tokens are worth less, you get all the more tokens through the passive income. As soon as the market recovers and starts a bear rally, these tokens received through passive income will push your overall profit enormously. The biggest mistake most investors make is that they don't think long term and then they always look at the current $ value of the tokens.

Could you say this applies to revenue-sharing projects like the exchanges such as KCS?

I have been trying to look for passive income projects including those casino mining which holders are actually just required to hold/stake the native casino token to receive dividends. Passive income I guess but there hasn't been a casino yet that could be trusted, mostly are just a year or two-year-old.

[tyz]

Could you say this applies to revenue-sharing projects like the exchanges such as KCS?

I have been trying to look for passive income projects including those casino mining which holders are actually just required to hold/stake the native casino token to receive dividends. Passive income I guess but there hasn't been a casino yet that could be trusted, mostly are just a year or two-year-old.

Personally, I have not had a good experience with casino token staking. The whole process is too non-transparent because you don't know how big the casino's profit really is and what percentage they actually pay out in dividends. I rather go for DeFi platform staking such as Tezos or Waves. There are others. There the whole process of distribution is much more transparent and you have a minimum income of 5-6%, with a daily payout.

[enhu]

Could you say this applies to revenue-sharing projects like the exchanges such as KCS?

I have been trying to look for passive income projects including those casino mining which holders are actually just required to hold/stake the native casino token to receive dividends. Passive income I guess but there hasn't been a casino yet that could be trusted, mostly are just a year or two-year-old.

Personally, I have not had a good experience with casino token staking. The whole process is too non-transparent because you don't know how big the casino's profit really is and what percentage they actually pay out in dividends. I rather go for DeFi platform staking such as Tezos or Waves. There are others. There the whole process of distribution is much more transparent and you have a minimum income of 5-6%, with a daily payout.

Pointing out that percentage of the casino's profit that we may never know from them helps us to decide.
So many users got into Defi too late because a lot of users here had said Defi to be just hype and it will be gone just like all the previous hypes. Today, even the big banks are looking into it. 5-6% daily payout seems very high and sounds worrisome already.
Which is worth Staking or Lending?

[livingfree]

Always remember that it is essential to own the coins while they are staked, passive income will be a great way to maximize profits but not your keys not your crypto.

It is what others are forgetting about when they're staking.

They choose to stake in exchanges where they don't fully own their keys as it's being owned by the exchange. So if the exchange gets hacked, the staker doesn't have full control to his funds.

Because it is in the possession of the exchange.

[tyz]

Could you say this applies to revenue-sharing projects like the exchanges such as KCS?

I have been trying to look for passive income projects including those casino mining which holders are actually just required to hold/stake the native casino token to receive dividends. Passive income I guess but there hasn't been a casino yet that could be trusted, mostly are just a year or two-year-old.

Personally, I have not had a good experience with casino token staking. The whole process is too non-transparent because you don't know how big the casino's profit really is and what percentage they actually pay out in dividends. I rather go for DeFi platform staking such as Tezos or Waves. There are others. There the whole process of distribution is much more transparent and you have a minimum income of 5-6%, with a daily payout.

Pointing out that percentage of the casino's profit that we may never know from them helps us to decide.
So many users got into Defi too late because a lot of users here had said Defi to be just hype and it will be gone just like all the previous hypes. Today, even the big banks are looking into it. 5-6% daily payout seems very high and sounds worrisome already.
Which is worth Staking or Lending?

Sorry for misconception, the percentage rate is not daily, but anually. DeFi is just a term. The platforms I mentioned have been around since up to six years. So, they are very stable and not really hyped as the recent released ones, where nobody knows how long they will be on the market. For example, Waves, it was created 2015 and you have been able to stake your coins there for 6% anually since a couple of years, long before DeFi was hyped. Payout is daily. The platform also offers more risky staking forms (e.g. decentralized algorithmic trading) which offers much higher return rates.

[dhemasm]

Good to stake cake. Already experienced that and had small amount earnings monthly. I staked around 10Cake and planning to hold it until this coming December. Cake is potential and becoming useful particularly it is known as the top gainer as Dex and next is uniswap. If I could have more money I will buy all in cake.

Yeah, I also have some cake. I just never expect $CAKE will become something like today, I was buying $CAKE before back then on December 2020 and the price still around $0.1 - $0.5 if i remember correctly and i though DeFi it's just another some money game like Ponzi, So i just stake it for short term But i was wrong, Pancakeswap now becoming one of the most biggest DEX out there with tons of features, solid community and good development. For OP, $CAKE is the beast choice if you want some reliable passive income with Good APY.

[CryptoG99]

Staking sucks, either DeFi staking or normal staking cos it requires lots of funds to earn reasonable money or returns every months, imagine staking 100k worth of stable coin to earn 400+$ per month, lol what If the unexpected happens to the exchange ?

That's is better returns that you get from the bank/savings account. You'd be lucky to get $400 in a year.
It depends on your risk level.
I am happy to let my ALGO, ADA, VET stake at they 2%-4%+. These are projects I believe in and getting returns on my investments are an extra bonus.
I am also staking my ETH as I believe in it long term and can't wait for 2.0 to come out.
Black Eye Galaxy is also a project I am excited about. Staking on nft planets! I have invested a little money that I am willing to lose, but it has also 10x since I bought in.

[Chuky92]

CAKE is a very nice cryptocurrency with amazing use case, that is instead of storing it in your personal wallet doing nothing or waiting for a good price to sell, you can just stake and generate a good passive income from it daily, although this depends on your number of CAKE token. Also, I have seen a lot of copycats which claimed to be the next CAKE but yet they are no where today thus in my opinion, showing that CAKE is actually good for long term holding.
In the aspect of staking and the reward thereof, I hardly check those things like daily reward and so on, I just stake it and leave it there, but check time to time to when know the pool will end and move to another. Another good thing that comes with CAKE staking is that, the team tries their best to list good tokens, such that when you earn the tokens might be forced to hold.

[Snappycoco]

I suggest you go to Liquidity mining rather than staking. It generates more income than staking profit. Some are offering up to more than a 100% APY and those are really legit. Yield farming is really a thing in this hard times. I suggest a yield farm called DeFirex but still do your own research before entering.