We are struggling to make any passive income right now. Shorting is obviously an option during that bear run, but everyone wants to earn even a little bit by doing nothing and so do Hodlers. Here are a few projects that are ready to help you with farming even when the market is turning heads down. We will also discuss how each of those work just to make the article a bit more utilitarian for the future.
Do not judge the book by it’s cover, mates. Behind a not so eye-pleasing website hides a wrapped stablecoin pool with the so-called Bastion yiedl-token and more than 243M$ of value locked. Basically, the pool isn’t recharged with regular stablecoins, but with the Bastion tokens, that you get by putting those stablecoins into the lending as the deposit. That way the reward you get isn’t declared by the demand for local token as it usually is in such pools, but by the demand for stablecoin because the local token only acts as a storage unit. The current APR (Annual Percentage Rate) is 13,5%, not so bad actually. Keep in mind that you can only lock USDT and USDC in Bastion.
A sweet piece of cake for everyone, who isn’t afraid of new and unknown to the masses projects. With 14% APR on USDC and a stunning 33% APR on USDT it makes for a great option even if it wasn’t for the dump. That all works because of the incredible PLY governance token emission rate. We don’t know for how long the project will stay, but it works until it works.
A more reliable option with not so less profit. A VST-FRAX pool, that will give you up to 29% annual profit in VSTA+FXS. The only downside is the necessity to make a “Boost”, which is just a 3-year lock period. Doesn’t sound that great at first, but then we remember FRAX is incredibly stable as for a coin and is supplied with an asset bucket fulfilled by 85%. A good option for those, who don’t the market coming back to normal in the near future.
And that is it for now. We all hope to see the coins, we are holding right now skyrocket in the next couple months, but we can only hope and pray for that. Until then, why not try farming?