How I make $170 in stable passive income using Crypto!
Howdy blockchain adventurers! We have seen some movement in the crypto scene, and sadly not for the better. However, even with less investment than last month, we were able to outperform previous months' gains by a small amount! Next month should be even better as we will invest the rest of the “Dust coins” will be invested. Let's get into this!
Staking Ethereum
Amount: 8+ ETH — APY: 10+% — Income: $130 —Since the last update, I have moved my Ethereum off the kucoin exchange and onto my wallet. Although DeFi is inherently more risky in hacking and the risk of losing your funds is higher, the yields available through DeFi are much larger than any Cex can offer! I have decided to become a single-sided Liquidity Provider on the CelerBridge platform, which offers high yield in both native ETH as it does with their liquidity mining token!
I decided to provide liquidity on cBridge because of a few key reasons. Although cBridge is inherently centralised, it is one of the veteran players in the field, with little to no controversy surrounding its bridge. They have high volume, High ETH yield, and their liquidity token CELR has been performing constantly (eg. not bleeding to death like the ZyberSwap token). And most importantly; They achieve a constant average of over 10+% APY!
In just under 30 days (05–24 till 06–20) I have been able to make ~5200 CELR, ~15 OP and ~0.02 ETH, equalling about $130 in profit!
Small MarketCap staked coins and assets.
Amount: $550 — APY: ~% — Income: $10 — I have a few small MarketCap coins staked and earning yield (mainly GEIST and CAKE), but as I withdrew a lot from Kucoin to my wallet these have all been stopped. There is a total of ~$1000 which could still be staked, provided as LP or otherwise earn yield, so if you have any tips for FTM, MATIC, ANT, DIA, GAMMA or AVAX let me know!
Gamma.XYZ strategies
Amount: $2880— APY: 19% — Income: $31 — In total, the LP gives me ~2710 ARB, which is staked in the Wide ETH-ARB vault on zyberswap.gamma.xyz. Gamma is one of my favourite LP management dApps, as it gives you the highest possible returns for your chosen risk option, whilst also enabling a hands-off experience where there is no need to manage or rebalance your positions.
Sadly the ZYB token has tanked, which is logical since it is being used for liquidity mining. It has hurt the profitability of this strategy, and I will compare the current position against positions like UniSwap or SushiSwap to find the best strategy available.
In just under 30 days (05–22 till 06–20) I have been able to make ~52 ZYB (10$) and about ~20 ARB, totalling a profit of $31!
Links
- Get 10$ in BTC when buying your hardware wallet! shop.ledger.com
- Want to read every article on medium? Sign up on medium for 5$ a month using my link! medium.com/@Igor.MD/membership
- Consider buying me a coffee! ko-fi.com/igormd
- Consider using my referral for Kucoin! www.kucoin.com/r/rf/1de5d
- Want to get featured on the page? send me a message! _matthijs
