Okay, right here’s the place issues get juicy.
There’s a platform I’ve been utilizing referred to as Aave.
Now, I do know lending isn’t precisely new, however right here’s the kicker: I’m lending out the income I’ve produced from my yield farming to make more cash.
As a substitute of simply letting that sit there, I’ll lend it out on Aave.
The factor with Aave is that the rates of interest can change based mostly on what’s occurring available in the market.
Proper now, you would possibly see returns between 1% and 5% APY on secure property, however in case you’re coping with extra unstable cryptos, these charges could possibly be larger.
Be mindful, although, these charges aren’t set in stone and may fluctuate.
However even with these ups and downs, it’s a approach to put your income to work, making a little bit additional even when issues aren’t going so nice available in the market.
The actual trick right here isn’t making an attempt to make a fast fortune; it’s about placing your earnings to good use and having alternative ways to generate earnings within the DeFi house.
What I’m actually doing is creating a number of earnings streams.
One from the yield farming itself, and one other from the lending platforms.
These streams run in parallel, including up over time.
And when the markets appropriate, I’ve received money that’s been working for me within the background.
