Staking Weekly #5 — Earn Passive Income With Crypto

Published in

ClayStack

2 min readApr 10, 2021

Q1 of 2021 has been a successful quarter for crypto. All sectors in the crypto space (DeFi, Storage, NFT, Smart contracts platforms, etc.) have seen massive growth thanks to the influx of new users and institutional liquidity.

What has also exponentially increased and touched ATH in Q1 of 2021 is search queries for the cluster “crypto passive income,” where most results recommend “Staking.”

Google trends for crypto passive income from Apr 2020- Apr 2021 — `Google Trends for "crypto passive income"`

While crypto offers multiple ways to earn passive rewards (staking, lending, farming), staking is one of the most friendly ways for new users. The concept is similar to fixed deposits in traditional finance, and the process of staking tokens is made relatively easier through wallet staking, exchange staking, and easy-to-use staking services.

Rewards for top PoS chains

The APY for staking depends on the PoS chain, staking provider, and currently averages 15%. On the other hand, the APY for lending averages at 9%, and yield farming averages at 150%, with higher yield for new projects.

As new users come to crypto, so will new ways to multiply yield. One of the hottest trends being liquid staking — a way to unlock the locked value of staked assets through staking derivatives.