How I’m quickly approaching $500 passive income per day with Decentralized Finance
Already sounds like a scam, right? I hear you — I was one of the biggest skeptics of DeFi (Decentralized Finance) over the last six months after seeing cryptocurrency projects tote ridiculous APRs, APYs, and passive streams of income. Nothing reeks of a “Ponzi” more than seeing a back page Craigslist-like marketing promotion “DEPOSIT ONLY $1000 AND 100X YOUR GAINS IN 30 DAYS!”.
Lucky for you — I like risk — and was willing to put my money to work. With previous success in NFTs, P2E gaming, and altcoins over the last two years — I felt like I owed it to myself to at least educate myself on everything DeFi.
Introducing DRIP, DRIP Garden, The Animal Farm, and Titano. This article isn’t intended to explain strategy, buying guides, tokenomics or whitepapers, but to simply document my journey and show real proof of passive income.
DRIP
As you can see in the image below, DRIP pays out a 1% daily return on investment up to 365%. Players can compound and extend their earnings through deposits, hydrating (compounding) rewards as well as through team based referrals.
I got into drip with just $2,000 when the price was at ~$40. After the 10% deposit tax into the faucet, that left me with ~45 DRIP to start. Since then, I haven’t claimed any DRIP — only compounded (hydrating) my daily return when it hits .5 DRIP in the available balance.
It’s been just over a month and my balance has almost doubled. As of today, the price of DRIP is at ~$131. That equates to ~$110 per day (before DRIP taxes and DRIP price fluctuation).
DRIP Garden
The 1% daily return wasn’t enough for the DRIP community as they wanted something a bit more aggressive and risky. Enter the DRIP Garden.
DRIP/BUSD LP tokens can be acquired tax free, by sending BUSD to the DRIP liberation contract on TheManor.farm platform.
Simply stated — this is a liquidity pool pairing DRIP with BUSD.
The DRIP/BUSD LP Garden Game produces 3% daily (1095% APR), according to the current mining efficiency rate. The harvest efficiency rate rises and falls as you and other animals buy PLANTS, harvest SEEDS and compound earnings. The object of the game is to harvest SEEDS, sooner and more often than other animals. This in turn earns you more SEEDS to harvest faster. Buying more PLANTS using your daily SEEDS harvest (DRIP/BUSD LP) will 3x your SEEDS within 30 days or less.
I entered the DRIP Garden shortly after getting into the Faucet and have been able to compound my earnings a lot faster. My initial deposit of $1000 yielded me ~50 plants and I’ve been using the same strategy as the Faucet — compound all of my daily returns.
As you can see, I’m up to 402 plants in the garden and holding LP tokens to harvest when the Animal Farm releases on 2/3/22 (explained later in the article).
402 plants produces 13.4 new plants per day which are currently $10 per plant — $134 per day.
The Animal Farm
The Animal Farm ventures even further into the DRIP ecosystem — the Layer 2 will have two native tokens, DOGS and PIGS. You will accumulate your share of the network by farming PIGS governance tokens, while leveraging your collateralized assets through the substrata lending protocol to collect a high yield BUSD dividend without ever selling your underlying assets.
Even though the BUSD pre-sale, DOGS/PIGS pre-sale is over, getting in early on The Animal Farm could generate crazy returns in the first couple days as the tokens find their price.
The Animal Farm is set to launch on 2/3/22. I’ll be writing a simple guide soon on how to get involved before it launches.
Titano
Remember me talking about ridiculous APYs?
Honestly had no idea what to expect with Titano. I threw ~$500 at it when the price was between $.01-.02 and planned on losing all of it. After sitting in on multiple AMAs, participating in Discord, and seeing how fast I’ve compounded rewards — they made me a believer.
A Fixed APY — APYs that fluctuate means you can never tell how many tokens you will receive. Other DeFi protocols pay out a high APY that can fluctuate by 90% in a day. TAP (Titano auto-staking protocol) pays $TITANO holders a fixed interest rate of 1.8999% daily or with compounding 102,483.58% annually, that tops the industry.
Fast Rebase Rewards. Other popular staking protocols pay rebasing rewards every 8 hours which means if you want to unstake you have to time it to get maximum rewards. The Titano Auto-staking Protocol pays every 30 minutes or 48 times every day, making it the fastest auto-staking protocol in crypto.
As you can see with the power of auto-staking and slight price appreciation, Titano is currently earning me ~$150 per day.
Final Thoughts
We’ve all seen the Albert Einstein memes talking about compound interest being the 8th wonder of the world. A little time plus patience could equal financial freedom for you and your family.
DeFi has truly created a means towards passive income that centralized finance would never dare to share with the rest of the world to keep a monopoly on the banking system. Is it realistic to generate these types of rewards in every Cryptocurrency DeFI project? Probably not - which is why you should always do your own research and educated yourself on whitepapers/tokenomics of each project.
Appreciate you taking the time to read a bit about my journey. I’ll continue to document my progress as a way to show these aren’t Ponzi schemes and the passive income is real!
💧💧 Join my team!💧💧
Discord: My Discord server just launched! Join the server here to discuss Drip, DeFi, and anything cryptocurrency related.
Bonus: Join the DeFy Logic team (buddy address below), buy 1.12 Drip or more (depositing at least 1 Drip in the Faucet), to receive a 0.5 Drip sign up bonus. This is my thanks to you for helping grow the DeFy Logic community. Message DeFyLogic on Discord to ensure you receive your bonus!
Whale Bonus: Buy 112 Drip (depositing 100 Drip in the Faucet) or more, and I will send a 5 Drip sign up bonus.
Buddy address: 0xF4E97404af021fda7a425359a81F195E3A70ed7c
+ Bonus step: Maximize profits with DRIP ecosystem
If you’d really like to optimize your earnings, go to DRIP Garden on themanor.farm where, using my buddy link, you can secure profits that could even double your overall revenue over time! You can read the whitepaper here.
Loving the DRIP ecosystem? Check out the Animal Farm! With the L2 solution launching soon, you do NOT want to miss the opportunity of getting in early.
