How I make 160$ in stable passive income using crypto EACH MONTH!
Staking Ethereum
Amount: 8+ ETH — APY: 4.05% — Income: $51 — I have been staking Ethereum for the past 1.5 years, and my total passive income has just surpassed 1000$. If it were not for staking I would be down almost 1K, which is crazy! We are always looking for the next biggest APY, but the steady performer takes the cake in the end. I made $51 in the last month with nothing but a steady investment and some diamond hands. Amazing!
I am in the process of setting up a hardware wallet and moving my ETH from the centralised exchange to Arbitrum. There are some great paying yield options available earning you up to 11% on your ETH! With that prospect, the 8 ETH that I currently own (at 1900$) would make me almost $4,80 a day, or almost $145 a month! With those numbers, I can start using my ETH to DCA into ETH!
Ill dive more into better ETH yield options, so stay up to date if you want to know where I end up and how much I make!
Small MarketCap staked coins and assets.
Amount: $1300— APY: 10% — Income: $12 —I have multiple other small market-cap coins with a total value of around 1300$. The combination of these coins consists of Dot, Ada, Matic, Stellar, Cake and Geist tokens, which are stored and staked on both centralised exchanges and wallets. Although most holdings have only little value, combining them still yields a small but appreciatable 12$ a month. It’s not much, but it is free money!
And the cool part is; I could get a lot more out of this setup! Some of the tokens are staked and stored on a centralised exchange where the yield is a mere 2~3%. This could be boosted by a lot if I moved the funds to their respective blockchain and started providing liquidity or going yield farming there. If you have any tips let me know!
Gamma.XYZ strategies
Amount: $3400 — APY: 34% — Income: $96 — My next best passive income generator are two strategies that I am running on Gamma.xyz. Gamma is a protocol for active liquidity management and market-making strategies, where you just pick your liquidity pair, provide, and let them handle the rest. It’s a hands-off liquidity-providing strategy that earns you more by doing less.
The first strategy is the ARB-WETH strategy from ZyberSwap, yielding 36% APY, depending on the pool's activity. I received the Arbitrum airdrop and decided to sell half and throw it in a liquidity pool. Everything I earn from this pool is 100% profit, with the only risk being the Impermanent Loss that could occur. Pretty nice!
The second strategy is the MATIC-USDC strategy on QuickSwap, earning a similar APY of 34% on the liquidity pair. It's a great way to earn some money on the side, as long as IL does not get to you. I will likely change to a pair with similar movements, like MATIC-WETH, so the IL stays limited. My assumption would be that the two move in a similar fashion, allowing for more swap fees with fewer losses. Let’s see!
Other options
I still have a lot of FTM, Link, XLM and XRP doing nothing, so the next logical step would be to find some well-paying yield strategies for these coins as well to boost the monthly passive income from my small MC coins. Having an increase of almost 50% in small MC coins yielding an average of 10~15% APY could mean a nice little boost to the passive income I'm already getting, not even counting the chance that some of these alts might blow up next bull-cycle!
I am certainly excited for the current flow of income, especially when looking at the fact that we are still recovering from a bear market and we have yet to see a big spike in the crypto market prices. Let's get this roll going, and I will see you guys next time with (hopefully) some improving numbers!
Links >
- Get 10$ in BTC when buying your hardware wallet! shop.ledger.com
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