Okay, right here’s the place issues get juicy.
There’s a platform I’ve been utilizing known as Aave.
Now, I do know lending isn’t precisely new, however right here’s the kicker: I’m lending out the earnings I’ve constituted of my yield farming to make more cash.
As an alternative 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 taking place out there.
Proper now, you would possibly see returns between 1% and 5% APY on steady belongings, however for those who’re coping with extra unstable cryptos, these charges may very well 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 option to put your earnings to work, making somewhat further even when issues aren’t going so nice out there.
The true 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 acquired money that’s been working for me within the background.
