Coinmonks
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Coinmonks

Never-Ending Passive Income Loop

Crypto platforms want to incentivize users to buy and hold their tokens to create price stability and computational power to their token and blockchain. These incentives to HODL come in the form of DeFi use cases such as staking, yield farms, vaults, jackpots, and NFT’s.
Crypto platforms want to incentivize users to buy and hold their tokens to create price stability and computational power to their token and blockchain. These incentives to HODL come in the form of DeFi use cases such as staking, yield farms, vaults, jackpots, and NFT’s.

Please note: This article was written October 2021. Since then, the BEE token discussed in this article has decreased in value, thereby increasing the risk of Impermanent Loss (IL). Although the HoneyFarm website still lists staking pools and farms with very high yield, impermanent loss refers to the NET LOSS that can occur when the value of your BEE tokens becomes so low that it exceeds your harvested gains, thus resulting in a

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Ryan

Ryan

Insider Tips & Resources for passive income w/ focus on trading, crypto, and affiliate marketing. Top Writer on Medium.com for Investing and Finance