Staking

Ever since the market has gone down a few months ago I’ve been focusing most of my investments into long term projects I can grow over time with passive income. I’m going to have another part that goes over Liquidity Mining.

Higher Risk/Higher Reward Staking- There’s multiple risk levels of staking. Staking is riskier than just holding a token in your wallet. (exception Algo) Depending on the network you can actually lose coins if the node you delegate to screws up.

  1. Zenon Network. You can stake your $ZNN in the legacy wallet for ~50% APR. Each staking reward is .9 ZNN and distributed based on size of stake. For example I have ~200 coins staked. I get a .9 ZNN reward every 5 or 6 days. Having 1000 coins will give about 1 reward per day. Since April I’ve earned around 10 ZNN.

  2. Cosmo Ecosystem. I’ve recently been focusing on a few coins in the Cosmo ecosystem with $AKT(47% APY), $DVPN (54% APY) and $OSMO(400% APY). I’ve staked a little $ATOM(9%) but mainly put it in LP’s for liquidity mining. Keep in mind that when you unstake you have to wait two weeks for funds to be available. This is so people can’t just run off with funds.

  3. Multivac. They have recently launched their mainnet after 3 years of being in development. It’s a PoS chain and early staking yeilds ~100% APY. I originally staked about 19k $MTV coins in early June and now have ~26k coins.

  4. Trias. Trias has had some different options for passive income. The current one is a little confusing to explain and involves NFT mining. They do a good job explaining it here.https://triaslab.medium.com/trias-nft-liquidity-mining-is-coming-292f5d86c117 I put in 23 TRIAS for purchasing the NFT’s and 5 TRIAS to liquidity. I expect to get 39 TRIAS total at the end. (34 from NFTs and 5 from LP)

  • From June 1st to June 31st they had a staking auction and gave away 10,000 TRIAS as staking rewards. The total staking pool had 222k TRIAS total so the APY ended up being 54%. I didn’t make very much off this as I only put in 14 TRIAS.

Lower Risk Lower Reward — Crypto is something I plan to grow over years and there’s some more established projects that involve staking. Right now my portfolio isn’t huge. I have a lot of different tokens as well so individual bags are almost all <$200 so my staking rewards will seem smaller. If you have larger bags then the staking rewards will look a lot nicer.

  1. Algorand. ALGO is a project that I think will be huge in a few years. They offer about 7% APY staking. It’s a sit it and forget it kinda coin to stake because you literally have to do nothing other that hold Algo in a wallet. It’s a coin I will slowly accumulate and add small amounts to regularly like a 401k. Currently I get 1 Algo every 14 days. It is better than nothing and as I add more algo it will slowly build up.

  2. Tezos. This is another project I like long term. Bought ~100 and sent to a wallet and started staking. I get between 0.02 and 0.04 XTZ every 3 or 4 days. Also not a huge number like Algo. It’s another one to sit it and forget it in a wallet.

  3. StormX. This is more of a medium risk coin. Current staking is 10% APY. Only ETH token I have and didn’t stake for a long time. Eth fees were between 30–90 dollars for a period to actually stake the tokens.

The final kind of staking would be USDC on Coinbase and it’s very new to me. They offer 4% APY on USDC if you lend it or .15% for just holding it. If you lend it out there is no risk of losing it. I got the coinbase debit card on the way and am gonna start using it to pay bills. Option to get either 1% cashback in Bitcoin or 4% cashback in XLM.I’m going to see how it works with some subscriptions and plan to use it in place of my bank account debit card. I haven’t decided what I want the rewards back in.


Hopefully this gave some insight on passive income.