Thread by @panosmek

Making money while you sleep is how you build wealth. The goal should be financial freedom and building multiple passive income streams so you can cover your expenses and lifestyle.

A 🧵 about my current best ways and crypto projects to earn crypto passive income:

There are many ways to earn passive income in crypto: Staking, Lending, Providing Liquidity, Yield Farming, Nodes & more. It depends on the risk you want to take, but usually staking & nodes are the simplest ways & the ones with the least risk, which is also what I mostly prefer.

Note: I'm always referring to #DeFi passive income through your (self-custody) wallet. Do not trust custodial services and third parties with your money, be your own bank and own your keys. You can earn much more by being your own bank.

For the past few months, I have been mainly taking advantage of the #Avalanche ecosystem, which has many incentives and great opportunities.

• @traderjoe_xyz where I stake $JOE for 15-50% APY, and provide liquidity + farm for 20-500%+ APY.

• #AVAX which I delegate a part on the official wallet for 8-10% APY and use most on the sAVAX model with @BenqiFinance and @traderjoe_xyz to earn ~15% APY.

• Staking $PNG for 20-50% on @pangolindex

• Using @Platypusdefi + @vector_fi for stablecoins.

• @Colonylab, where I stake $CLY to get new airdrops and rewards from the #Avalanche ecosystem.

• Delegating $SGB on #Songbird Network for 20-50% APY.

• Staking $MC on @MeritCircle_IO for 50-100% APY.

• Staking $IOTX on @iotex_io for 10-15% APY.

• @blockzerolabs where by just holding $XIO you get airdropped all the future tokens/projects that Blockzero builds or accelerates. Soon you will also be able to stake XIO and earn multiple tokens at once.

• Running a $SHA node and staking on @SafeHavenio.

These are my top ways and projects to earn passive income currently. Some upcoming projects/platforms that I'm waiting for are @FlareNetworks to start earning with $XRP, @TrustlineInc for stablecoins & @Flashstake, a revolutionary concept for instant upfront yield.

Do you earn passive income from your crypto (Staking, Lending, LP, Yield Farming, Nodes, Mining)? If yes, how? If not, why not?