Make Money on Autopilot / Passive Income Strategies in Crypto [ Animation ]
Cryptomatics Cryptomatics
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 Published On Apr 18, 2022

📷In crypto, good planning can bring you long-term financial stability. But tracking charts, trading, and constantly researching projects may prove difficult and time consuming.

There are alternatives though, such as earning passive income by making your money work for you while you lounge in the sun, sipping a delicious cocktail and enjoying life.

Through the banking system, even if you want to earn money, the annual return you get on a deposit in USD will be lower than the annual inflation rate and the amount you earn will depreciate over time.

To be on top in crypto, your strategie matters. In this field, the returns are much higher and there are various ways to protect your capital from inflation.

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The main topics of the video are:

▶ Staking
▶ Yield Farming
▶ Lending
▶ Conclusions
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🟡 Staking
Staking is the easiest and most affordable way of earning passive income in crypto.You have to deposit and lock your crypto assets into a protocol, and receive rewards in return

First and foremost, you need to check if the project has a Proof of Stake consensus mechanism. You can find out through a simple Google search with the project’s name plus consensus mechanism.For example, type in Cardano Consensus Mechanism, and the first result will tell you that this project meets your needs

🟡 Yield Farming
Another way to earn passive income is Yield Farming. As an analogy, imagine it's similar to depositing money in a bank. Depositing cryptocurrencies is done by using a lending protocol, via a Dapp.

You must own a compatible crypto wallet. Then, choose a platform that has the farm you want to contribute to. For example, PancakeSwap has the option to take part in a multitude of yield farms, receiving rewards in CAKE with an APY of up to 375%.


🟡 Lending
The third alternative that can bring you passive income is Lending, i.e. lending your cryptocurrencies to others. If you opt for a decentralised platform, you will still need a wallet plus sufficient funds to use its services.

The Aave protocol is one of the most popular crypto lend and borrow services. It offers returns of up to 8% APY, depending on the currency offered as a loan.

Other protocols such as Compound or Anchor Protocol offer the same services and similar yields.

Even though Lending yields lower returns, it is preferred by investors who like to take fewer risks than Yield Farming.

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CHAPTERS -

0:00 Intro
0:35 Staking
2:03 Yield Farming
3:02 Lending
3:33 Conclusions
4:01 Outro

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⛓️ 🔗 Useful Links 🔗⛓️

► https://www.stakingrewards.com/
► https://coinmarketcap.com/alexandria/...
► https://www.businessinsider.com/yield...
► https://academy.binance.com/en/articl...

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