DeFi
Maximizing Crypto Earnings Through Passive Income Strategies
Wednesday. June 26 at 7:00 AM
1 min. readDuring periods of sideways trading in the crypto market, it presents an opportunity to utilize your digital assets to generate passive income. In a recent analysis by Cointelegraph, five strategies were explored for earning revenue with crypto, each with its own advantages and disadvantages. Staking, for instance, allows holders to earn by participating in a proof-of-stake protocol. While solo staking offers control but demands technical expertise, staking-as-a-service provides convenience but introduces centralization risks. Crypto savings accounts offer interest on deposits, yielding higher rates than traditional banks, though it involves trusting a third party with custody. Yield farming, on the other hand, involves lending to a liquidity pool for potentially higher returns but carries risks like smart contract vulnerabilities. To learn more about earning passive income with crypto, watch the full video on Cointelegraph's YouTube channel and subscribe for updates.