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 earn more money.
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 taking place available in the market.
Proper now, you may see returns between 1% and 5% APY on steady belongings, however should you’re coping with extra risky cryptos, these charges might be increased.
Take note, although, these charges aren’t set in stone and might fluctuate.
However even with these ups and downs, it’s a method to put your income to work, making a little bit further even when issues aren’t going so nice available in the market.
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 house.
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 acquired money that’s been working for me within the background.
