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 income I’ve constituted of 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 primarily based on what’s occurring out there.
Proper now, you may see returns between 1% and 5% APY on secure property, however should you’re coping with extra unstable cryptos, these charges might be increased.
Bear in mind, although, these charges aren’t set in stone and may fluctuate.
However even with these ups and downs, it’s a technique to put your income to work, making slightly additional even when issues aren’t going so nice out there.
The true trick right here isn’t attempting to make a fast fortune; it’s about placing your earnings to good use and having other ways to generate revenue within the DeFi area.
What I’m actually doing is creating a number of revenue 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 obtained money that’s been working for me within the background.
