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Truth Is You Can Actually Make Money From Crypto Without Trading. - Investment - Nairaland

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Truth Is You Can Actually Make Money From Crypto Without Trading. by Medvic: 4:09am On Oct 29, 2022
There are several ways you can make money with crytpocurrencies without having to trade.

Among many others, I'll highlight just very few of them below;

Staking; Staking rewards users for locking tokens on a protocol as collateral for transaction validation, is one of the best ways to earn a yield on assets held in a crypto-based portfolio.
On September 15th 2022, the Ethereum network switched from a proof-of-work (POW) consensus model to a proof-of-stake (POS) model, and Ether (ETH) holders can now stake in the Eth2 contract to earn up to 5.83%. Under this new POS system, token holders actively participate in transaction validation by locking their coins in nodes on the network that then vie for a chance to verify transactions, create new blocks and receive the rewards that come along with it. Worthy of mention is the QDX staking to earn rewards in new tokens whenever they're listed. All are done to support the coins/token.

2. Savings; It is no news that inflation is on its peak at times like this and many investors hedge their earnings using stable coins such as USDT, USDC and the likes by saving them to get some annual percentage yield (APY). This savings work like the banking system, but here the APY is usually higher ranging between 5% to 10% of saved funds an example is the USD savings on Quidax where you get between 1.64% and 10% for using the savings plan, depending on what you choose. Now imagine saving $100,000 where you can be getting $10,000 as APY and also hedging your funds from inflation.

3. Lend crypto for low-risk yields; The growth of the DeFi sector led to the development of a diverse crypto lending ecosystem, where users can deposit their cryptocurrencies to various lending protocols in exchange for rewards in the underlying token or in different assets like Bitcoin (BTC), Ether and various altcoins.

Aave is the top lending protocol at the moment and the platform offers yield opportunities for tokens on the Ethereum and Polygon network with its native coin MATIC.

4. Earn fees and tokens from providing liquidity; Liquidity provision is one of the primary components of a DeFi platform, and investors. who choose to provide funds to emerging platforms are often rewarded with high percentage returns on the amount staked, as well as a percentage of the fees generated by transactions within the pool.

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Re: Truth Is You Can Actually Make Money From Crypto Without Trading. by Akinolore(m): 6:30am On Oct 29, 2022
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