Learning how to earn passive income is a key opportunity for individuals looking to diversify their income streams and build wealth. The emergence of blockchain technology and decentralised finance (DeFi) platforms like Avalanche (AVAX) and Polygon (MATIC) offer individuals a route on how to make passive income. Now, the emergence of Caged Beasts (BEASTS) offers another fascinating avenue to generating fresh income streams.
Staking With AVAX And Polygon Leads To Rewards
Another method to earn passive income on Avalanche and Polygon is by staking your tokens. Staking involves locking your tokens in a designated smart contract to support network security and consensus. As a reward for staking and validating network transactions, users receive rewards typically in the form of the native network token. These rewards are generated by the protocol and distributed among stakers as an incentive for securing the network.
Both Avalanche and Polygon offer staking options for their native tokens, AVAX and MATIC, respectively. By staking your tokens, you not only contribute to the network’s security but also earn passive income in the form of additional tokens. Staking rewards are often distributed regularly, providing a consistent source of passive income.
What are the Alternatives to Staking for MATIC and AVAX?
In addition to liquidity mining and staking, Avalanche and Polygon also support other DeFi protocols that enable passive income generation. For instance, you can lend your cryptocurrencies on decentralised lending platforms like Aave or Compound. By lending your tokens to borrowers, you earn interest on your holdings, creating a passive income stream.
Furthermore, Avalanche and Polygon have vibrant ecosystems with a wide range of dApps and projects. Some of these projects distribute rewards or dividends to token holders. By investing in promising projects and holding their tokens, you may benefit from a share of their revenue or project success, leading to passive income.
Avalanche and Polygon provide ample opportunities regarding how to make passive income through staking and participating in various DeFi projects. By leveraging these blockchain networks, you can diversify your income streams and potentially generate consistent returns over time.
But it is important to note that participating in DeFi and earning passive income on Avalanche and Polygon carries some risks. These risks include impermanent loss, smart contract vulnerabilities, and market volatility, the latter being a common issue in cryptocurrency. Therefore, it would be prudent to only operate after considerable research to understand the risks involved.
Here’s How To Make Passive Income With Caged Beasts
Caged Beasts presents itself as an enticing meme coin, promoting the virtues of decentralisation. It sets itself apart from traditional centralised financial institutions, captivating investors with its unique approach to passive income generation.
Here’s a breakdown of how it works: By successfully convincing a friend or acquaintance to invest in Caged Beasts, both parties will immediately receive an additional 20% bonus. This is done through the user who receives a unique code which they can then give to others to utilise when signing up for $BEASTS.
The user then receives a fifth of the deposited amount in popular cryptocurrencies such as ETH, BNB, or USDT.
This mutually beneficial arrangement ensures a favourable outcome for all participants involved. Caged Beasts goes beyond being a simple cryptocurrency; it embodies a vibrant community that offers exciting gatherings, captivating competitions, and exclusive NFT reveals.
What makes this opportunity particularly appealing to investors? Currently, in its presale phase, Caged Beasts is actively seeking growth and a wider investor base. As the platform and community expand, early acquisition of BEASTS tokens, especially through the referral program, presents a genuine profit potential for investors.
Caged Beasts
Website: https://cagedbeasts.com
Twitter: https://twitter.com/CAGED_BEASTS
Telegram: https://t.me/CAGEDBEASTS