Passive - Revision history

Phenixops at 23:00, 24 October 2021

2021-10-24T23:00:53Z

← Older revision		Revision as of 23:00, 24 October 2021
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	Now this is a bit more complex, basically you split the amount of money you want to stake into two different coins. These will form a LP token together. The LP token can be farmed. Often this is done by new coins in combination with a popular one to attract new investors to the project. I have not done any LP farming myself yet but some friends are happy with their results.		Now this is a bit more complex, basically you split the amount of money you want to stake into two different coins. These will form a LP token together. The LP token can be farmed. Often this is done by new coins in combination with a popular one to attract new investors to the project. I have not done any LP farming myself yet but some friends are happy with their results.

	I use [[Pancakeswap]] for this, it requires you to have a [[~~Metamask~~]] wallet which can be installed as a browser plugin to [[Brave]] or your favorite Chrome browser.		I use [[Pancakeswap]] for this, it requires you to have a [[MetaMask]] wallet which can be installed as a browser plugin to [[Brave]] or your favorite Chrome browser.

	<h3>Stake Cake</h3>		<h3>Stake Cake</h3>
	Cake is the native token for [[Pancakeswap]], it can be bought or swapped on Binance. You use Binance to send BNB to your [[~~Metamask~~]] wallet and then use this on [[Pancakeswap]] to swap this to Cake. The Cake is then staked in a auto compound pool and pays an interest of 70% at the time of writing.		Cake is the native token for [[Pancakeswap]], it can be bought or swapped on Binance. You use Binance to send BNB to your [[MetaMask]] wallet and then use this on [[Pancakeswap]] to swap this to Cake. The Cake is then staked in a auto compound pool and pays an interest of 70% at the time of writing.

	If the Cake coin go's up or down in value then this is also reflected to your staked coins in the Pool so it can be very interesting in a bull market but there is still a risk.		If the Cake coin go's up or down in value then this is also reflected to your staked coins in the Pool so it can be very interesting in a bull market but there is still a risk.

Phenixops at 20:43, 16 October 2021

2021-10-16T20:43:13Z

← Older revision		Revision as of 20:43, 16 October 2021
Line 16:		Line 16:
	Now this is a bit more complex, basically you split the amount of money you want to stake into two different coins. These will form a LP token together. The LP token can be farmed. Often this is done by new coins in combination with a popular one to attract new investors to the project. I have not done any LP farming myself yet but some friends are happy with their results.		Now this is a bit more complex, basically you split the amount of money you want to stake into two different coins. These will form a LP token together. The LP token can be farmed. Often this is done by new coins in combination with a popular one to attract new investors to the project. I have not done any LP farming myself yet but some friends are happy with their results.

	I use [[Pancakeswap]] for this, it requires you to have a Metamask wallet which can be installed as a browser plugin to [[Brave]] or your favorite Chrome browser.		I use [[Pancakeswap]] for this, it requires you to have a [[Metamask]] wallet which can be installed as a browser plugin to [[Brave]] or your favorite Chrome browser.

	<h3>Stake Cake</h3>		<h3>Stake Cake</h3>
	Cake is the native token for [[Pancakeswap]], it can be bought or swapped on Binance. You use Binance to send BNB to your Metamask wallet and then use this on [[Pancakeswap]] to swap this to Cake. The Cake is then staked in a auto compound pool and pays an interest of 70% at the time of writing.		Cake is the native token for [[Pancakeswap]], it can be bought or swapped on Binance. You use Binance to send BNB to your [[Metamask]] wallet and then use this on [[Pancakeswap]] to swap this to Cake. The Cake is then staked in a auto compound pool and pays an interest of 70% at the time of writing.

	If the Cake coin go's up or down in value then this is also reflected to your staked coins in the Pool so it can be very interesting in a bull market but there is still a risk.		If the Cake coin go's up or down in value then this is also reflected to your staked coins in the Pool so it can be very interesting in a bull market but there is still a risk.

Phenixops at 20:42, 16 October 2021

2021-10-16T20:42:03Z

← Older revision		Revision as of 20:42, 16 October 2021
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	<h2>Earn Passive income with Crypto</h2>		<h2>Earn Passive income with Crypto</h2>

	~~This~~ is a ~~bit more advanced~~ and ~~requires you~~ to setup an account on Binance and ~~install~~ the ~~Metamask browser plugin~~.		Nowadays it is easy to earn passive income using Crypto. Interest rates are high while traditional banks ask you to pay to hold your money nowadays.

			Many exchanges and Defi platforms offer options to store your money in a pool or a farm and let it earn interest. You just need to setup an account on Binance and connect your [[MetaMask]] wallet.

			I have put some Crypto into a pool on [[Pancakeswap]] for a while now to see how things are working and get more familiar with the platform and using the [[MetaMask]] wallet.

	<h3>Staking</h3>		<h3>Staking</h3>
	You can stake your ~~crypto~~ in a pool and let it earn interest. Often this has weekly payouts so you could take money out frequently. If you compound it and let it stay for a while it will build up even more.		You can stake your Crypto in a pool and let it earn interest. Often this has weekly payouts so you could take money out frequently. If you compound it and let it stay for a while it will build up even more.

	<h3>Jump in the Pool</h3>		<h3>Jump in the Pool</h3>
	A pool is filled by it's participants and the interest paid is evenly divided based on your share of the pool. When the number of participants grows, the interest get's lower. However at the high rates being paid it is still a good way to earn some passive income. When pools start out they can be very lucrative. But high yields, high risks..		A pool is filled by it's participants and the interest paid is evenly divided based on your share of the pool. When the number of participants grows, the interest get's lower. However at the high rates being paid it is still a good way to earn some passive income. When pools start out they can be very lucrative. But high yields, high risks..

			<h3>Farming</h3>
			Now this is a bit more complex, basically you split the amount of money you want to stake into two different coins. These will form a LP token together. The LP token can be farmed. Often this is done by new coins in combination with a popular one to attract new investors to the project. I have not done any LP farming myself yet but some friends are happy with their results.

	I use [[Pancakeswap]] for this, it requires you to have a Metamask wallet which can be installed as a browser plugin to [[Brave]] or your favorite Chrome browser.		I use [[Pancakeswap]] for this, it requires you to have a Metamask wallet which can be installed as a browser plugin to [[Brave]] or your favorite Chrome browser.
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	Cake is the native token for [[Pancakeswap]], it can be bought or swapped on Binance. You use Binance to send BNB to your Metamask wallet and then use this on [[Pancakeswap]] to swap this to Cake. The Cake is then staked in a auto compound pool and pays an interest of 70% at the time of writing.		Cake is the native token for [[Pancakeswap]], it can be bought or swapped on Binance. You use Binance to send BNB to your Metamask wallet and then use this on [[Pancakeswap]] to swap this to Cake. The Cake is then staked in a auto compound pool and pays an interest of 70% at the time of writing.

	If the Cake coin go's up or down then this is also reflected to your staked coins in the Pool so it can be very interesting in a bull market.		If the Cake coin go's up or down in value then this is also reflected to your staked coins in the Pool so it can be very interesting in a bull market but there is still a risk.

	Sign up for Binance here: https://accounts.binance.com/en/register?ref=190299904		Sign up for Binance here:
			https://accounts.binance.com/en/register?ref=190299904

	Install [[MetaMask]] from here: https://metamask.io/		Install [[MetaMask]] from here:
			https://metamask.io/

	[[Category:FreeCrypto]]		[[Category:FreeCrypto]]

Phenixops at 23:41, 15 October 2021

2021-10-15T23:41:02Z

← Older revision		Revision as of 23:41, 15 October 2021
Line 7:		Line 7:

	<h3>Jump in the Pool</h3>		<h3>Jump in the Pool</h3>
	A pool is filled by it's participants and the interest paid is evenly divided. When the number of participants grows, the interest get's lower. However at the high rates being paid it is still a good way to earn some passive income.		A pool is filled by it's participants and the interest paid is evenly divided based on your share of the pool. When the number of participants grows, the interest get's lower. However at the high rates being paid it is still a good way to earn some passive income. When pools start out they can be very lucrative. But high yields, high risks..

	I use [[Pancakeswap]] for this, it requires you to have a Metamask wallet which can be installed as a browser plugin to [[Brave]] or your favorite Chrome browser.		I use [[Pancakeswap]] for this, it requires you to have a Metamask wallet which can be installed as a browser plugin to [[Brave]] or your favorite Chrome browser.

Phenixops at 23:34, 15 October 2021

2021-10-15T23:34:06Z

← Older revision		Revision as of 23:34, 15 October 2021
Line 18:		Line 18:
	Sign up for Binance here: https://accounts.binance.com/en/register?ref=190299904		Sign up for Binance here: https://accounts.binance.com/en/register?ref=190299904

	Install MetaMask from here: https://metamask.io/		Install [[MetaMask]] from here: https://metamask.io/

	[[Category:FreeCrypto]]		[[Category:FreeCrypto]]

Phenixops: Created page with "

Earn Passive income with Crypto

This is a bit more advanced and requires you to setup an account on Binance and install the Metamask browser plugin.

Staking
2021-10-15T22:51:15Z

Created page with "<h2>Earn Passive income with Crypto</h2> This is a bit more advanced and requires you to setup an account on Binance and install the Metamask browser plugin. <h3>Staking</h..."

New page
<h2>Earn Passive income with Crypto</h2>

This is a bit more advanced and requires you to setup an account on Binance and install the Metamask browser plugin.

<h3>Staking</h3>
You can stake your crypto in a pool and let it earn interest. Often this has weekly payouts so you could take money out frequently. If you compound it and let it stay for a while it will build up even more.

<h3>Jump in the Pool</h3>
A pool is filled by it's participants and the interest paid is evenly divided. When the number of participants grows, the interest get's lower. However at the high rates being paid it is still a good way to earn some passive income.

I use [[Pancakeswap]] for this, it requires you to have a Metamask wallet which can be installed as a browser plugin to [[Brave]] or your favorite Chrome browser.

<h3>Stake Cake</h3>
Cake is the native token for [[Pancakeswap]], it can be bought or swapped on Binance. You use Binance to send BNB to your Metamask wallet and then use this on [[Pancakeswap]] to swap this to Cake. The Cake is then staked in a auto compound pool and pays an interest of 70% at the time of writing.

If the Cake coin go's up or down then this is also reflected to your staked coins in the Pool so it can be very interesting in a bull market.

Sign up for Binance here: https://accounts.binance.com/en/register?ref=190299904

Install MetaMask from here: https://metamask.io/

[[Category:FreeCrypto]]