DeFi, Staking, Lending - Whats the Best for Passive Income? | Crypto Craft

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DeFi, Staking, Lending - Whats the Best for Passive Income?

  • #1
  • First Post: Aug 8, 2020 4:44am Aug 8, 2020 4:44am
Let's have youre ideas guys, Rather than trading, how about investing some of that trading capital into some of these passive income plays..

What do you receommendation? Maybe also the easiest to get into, highest return based on risk etc..
  • #2
  • Nov 13, 2020 7:45am Nov 13, 2020 7:45am
I confess I am feeling a little sceptical about investing. As it turns out, new DeFi exchanges have contributed to 21% of the total volume of cryptocurrency related crime in 2020 – the staggering $99.2 million worth of assets have been stolen or laundered.
That is a large enough percentage to give me second thoughts.
  • #3
  • Dec 30, 2020 8:54am Dec 30, 2020 8:54am
I'm considering purchasing one XTZ with the purpose of staking it through Coinbase. I'm not seeing any info on the expected returns, however.
  • #4
  • Dec 30, 2020 10:42am Dec 30, 2020 10:42am
I purchased 10 XTZ at $2.00 via Coinbase Pro. There was a fee of $0.10. If you go through non-Pro Coinbase the fee is ~$1.50.

After transferring the Tezos to Coinbase I see that they are estimating an APY of 4.63%:

Attached Image (click to enlarge)
Click to Enlarge Name: CEDB5361-FD34-43C1-B80D-4481C8E2B139.png Size: 258 KB

4.63% seems pretty good to me. I’ll let you know in one year how it has performed
  • #5
  • Feb 2, 2021 8:48pm Feb 2, 2021 8:48pm
My Tezos is up to $31.63. I've earned 0.04271493 XTZ in staking so far.
  • #6
  • Mar 11, 2021 2:58pm Mar 11, 2021 2:58pm
My Tezos is at $41.73 now. And I've earned .08689380 XTZ in staking so far.

Not bad for my $20 initial investment.
  • #7
  • Mar 24, 2021 9:42am Mar 24, 2021 9:42am
I'm experimenting with Liquidity mining / yield farming. I deposited $500 of ETH and $500 of USDC into a Uniswap liquidity pool.

I paid about $75 in fees, and I'm getting about $1 / day in fees
  • #8
  • Jun 1, 2021 3:20pm Jun 1, 2021 3:20pm
Does that mean in 925 days your initial investment will be fudge all.
  • #9
  • Jun 1, 2021 3:52pm Jun 1, 2021 3:52pm
Quoting letaptimas
Does that mean in 925 days your initial investment will be fudge all.
No, in 925 days my total investment would have been $1,850.

Inserted Code
500 + 500 - 75 + (925 * 1) = $1,850

The $1 in fees are earned, not paid.

I'm tracking all my passive cryptocurrency stuff in another thread if your interested in watching me get rekt
  • #10
  • Jun 2, 2021 11:49am Jun 2, 2021 11:49am
Got it the $1 /day fee i thought you were paying fees. Currently I am staking Doge about 1/90000 of a penny a day, should see a return in many light years.

I smell scones, but i should not eat them as they are not cooked yet
  • #11
  • Jun 2, 2021 1:01pm Jun 2, 2021 1:01pm
Quoting letaptimas
Currently I am staking Doge about 1/90000 of a penny a day, should see a return in many light years.
How do you stake a PoW coin like Dogecoin?

Quoting letaptimas
I smell scones, but i should not eat them as they are not cooked yet
Especially if your scones have raw egg. You don't want a Salmonella infection.
  • #12
  • Jun 2, 2021 1:38pm Jun 2, 2021 1:38pm
Quoting letaptimas
Got it the $1 /day fee i thought you were paying fees. Currently I am saving Doge about 1/90000 of a penny a day, should see a return in many light years. I smell scones, but i should not eat them as they are not cooked yet
saving*

what is a PoW?
  • #13
  • Last Post: Jun 2, 2021 8:10pm Jun 2, 2021 8:10pm
Quoting letaptimas
what is a PoW?
Proof of Work: https://academy.binance.com/en/artic...work-explained
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