What is Passive Income?

Credefi
Credefi
Published in
1 min readApr 22, 2021

Do you know what passive income is?

This income is independent from your daily activities. This includes interest from bank deposits, dividends, rental payments, royalties from intellectual property or patents. This kind of income doesn’t require you to take daily actions (as opposed to a paycheck that you have to earn).

There are many ways to secure passive income. The most common is a bank deposit, however, in this case the yields will be minimal.

We are creating new passive income options for the Credefi project community. The token holders will have the choice to invest stable coins in different portfolios depending on the risk they are willing to take. The platform will provide a risk assessment and credit score data to the investors, hence giving them the means to make an informed decision. The platform guarantees a minimum 10% return on annum or more, depending on the risk appetite of the user.

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Credefi
Credefi

Credefi is the world’s most advanced DeFi P2P lending platform that utilises the power of blockchain. Banking Redefined.