Bitcoin may have bottomed out in recent days. And we know Bitcoin leads the market. But really, market conditions are still choppy. Choppy means non-trending. Directionless. And in these non-trending markets, it’s clear that we want more Passive Income. And so do you.
We appreciate all the great comments we’ve gotten in this series. So we are back for some more great yield farming opportunities. All are on new protocols we have not covered before. Sorry Anchor, Trader Joe, and Pangolin fans. We still love those apps but we are looking for someplace new this week. Let’s check out this week’s best Passive Crypto Income opportunities.
Farm #1: ZIL-BLOX on Zilswap
The first Passive Crypto Income option is Zilliqa. This is becoming a big player in the metaverse. They have a cool metaverse-as-a-service platform called Metapolis. It’s also a bigger project than you might think. It’s worth $2.2 billion making it the 63rd largest project in crypto.
1/ 2021 was the year we strengthened our position as the DeFi hub of #Zilliqa and its #metapolis. To date we’ve BUIDL:
🔥 $ZIL ’s FIRST #DEX
🔥 FIRST Initial Liquidity Offering platform #ZILO
🔥 An #NFT Marketplace #ARKY⚓️
🔥 THE gateway linking @Ethereum<>@Zilliqa #ZilBridge🌉 pic.twitter.com/BCZeWSCpJ0
— ZilSwap (@ZilSwap) February 18, 2022
Zilswap is the biggest DEX on Zilliqa. That said, it only has ~$34 million in TVL. So that’s something you should be aware of. Small isn’t bad, but you should know.
In this pool, you are farming the native Zilliqa token ZIL and BLOX. BLOX is a software development kit (SDK) that helps video game developers. With BLOX, devs can add blockchain-only features like enabling NFT purchases and calculation of gas fees into the game. In this article, we talk about why we like ZIL and some of the farm opportunities available here.
This works best if you have the Zilpay wallet as it enables staking but Trust Wallet and Ledger do well here too. And you can stake ZIL on Ledger. Atomic Wallet and Exodus are other good wallet options. This is a typical 50/50 pool so you will be adding an equal $ amount of both tokens.
TVL in this pool is ~$306,000. The yield in this pool is 86.3% APY. The payout is 33% ZWAP and 67% BLOX. Also, ZWAP is the native token of the Zilswap protocol we are using.
How to Increase Your Yield on Zilswap
You know us, we like to show you some yield enhancement tips. In this pool, we recommend that you:
- Swap your ZWAP on the app for ZIL. That’s easy enough.
- On the BLOX part, we have a little work to do. Here we recommend you swap BLOX for ZETH. ZETH is Zilliqa wrapped Ethereum.
- Search in All Pools or Core Pools and find the ZETH-ZIL pool. Here you are going to farm your rewards. It will be ⅔ of your total rewards as it will be all 33% of your ZWAP and an equal 33% of your BLOX-less transaction fees.
— ZilSwap (@ZilSwap) April 2, 2022
Note: This pool pays 42% now and pays it in ZWAP, which we suggest you convert to more ZETH. These rewards and your extra BLOX you should convert into ZETH or more ZIL.
Farm #2: WAVES-USDN on Waves Exchange
The second Passive Crypto Income option is Waves say it’s the fastest decentralized trading exchange for Bitcoin. The exchange is also home to Neutrino and its algorithmic stablecoins. USDN is one. It works in tandem with the WAVES token to mint and burns to maintain its peg-like LUNA and UST.
We are also in trend and are summing up the results of the year 2021!
Learn more about what's happened on in 2021 and what plans do we have🚀https://t.co/cGkd6wUfT4
— Waves.Exchange 🌊 (1 ➝ 2) (@Waves_Exchange) December 30, 2021
So here on Waves exchange, we have the native coin and the stablecoin it supports. The farm pays 36% in our video and it’s already down to 27.5%, which is still an excellent return. TVL is $15.1 million so this one is much larger than our first farm. Rewards from this pool pay in WX, the Exchange token.
Therefore, in this article, you see that you have 3 options to sign up to get an account on Waves.
- Ledger or Waves Keeper wallet
- Or downloadable software wallet.
Moreover, we chose to get and use the Waves Keeper wallet. It has a Chrome extension you can get for convenience. Before we get to our preferred yield enhancement technique for this pool, you can see there is a Reward APY listed in this pool of 10.5%-31.6%. That reward APY is a bonus yield if you also stake the Wave Exchange token WX.
This is a different token than the WAVES token. Stake it and you earn a bonus based on how long you stake WX. If you are going to stake, we recommend you do so for 1 year or less for a few different reasons.
💸 Payouts for gWX holders
The more WX you stake the more rewards you get 💪
77,000 WX were accumulated and are ready to be distributed now!
Go to the 'My Governance Reward' page and claim your additional income. https://t.co/PpVH1jsB3c
Voting with gWX is coming, stay tuned 😎 pic.twitter.com/QvpLo0foig
— Waves.Exchange 🌊 (1 ➝ 2) (@Waves_Exchange) March 29, 2022
How to Increase Your Yields on Waves Exchange
On this pool, we recommend you sell your WX reward for USDN. You can single side stake USDN on WAVES for 12-15% with no risk of impermanent loss. We see this as a low-risk way to bump up your yield. Plus your USDN is ready for any great buying opportunity.
Farm #3: USDC-USDT on MuesliSwap
The last Passive Crypto Income option is MuesliSwap, we have a farming pair we are always on the lookout for 2 stablecoins. In this case, it’s USDC and USDT. Milkomeda is a Cardano chain that is EVM compatible and that’s the chain where this farm is on MuesliSwap.
Farming is live on Milkomeda! Add your liquidity and watch that TVL go 🚀🚀
— MuesliSwap (@MuesliSwapTeam) March 28, 2022
MuesliSwap is a DEX on Cardano. The farm pays 97% and payment is in the Muesli MYIELD token. The TVL in this pool is $9.5 million. Because it’s EVM compatible, you can use your Metamask or WalletConnect wallet here and you don’t need one of the Cardano native wallets like Yoroi to use the protocol.
In this article, you see that just a couple of hours ago the yield was 128% and now it’s 97%. That’s still a great return on stablecoins but a reminder of how fast these rates can change. We outline how to use the Celer CBridge to bridge your tokens over easily. You see there are CE and multichain versions of many tokens including BUSD that you can transfer to make it easy.
Note: Remember that you will need some ADA for transaction fees.
How to Increase Your Yield on MuesliSwap
The reason for this high APY is the payment in MYIELD. We recommend you swap out a minimum of 50% of your rewards for ADA. Then take your ADA and your 50% of rewards of MYIELD that you did NOT swap and put them in another pool.
Moreover, this MYIELD-ADA pool pays 822% in the video and 753% now all in MYIELD. TVL in this pool is $1.1 million so it’s smaller but not tiny. A 2nd more conservative approach would be to swap all of your MYIELD into either: ADA and stake it or more stablecoins to wait for a buying opportunity.
This one blew my mind 🤯
The instant swaps and limit order swaps on @MuesliSwapTeam actually taps into other DEXes on #cardano ecosystem! That's right, the swap will find the best price across the ecosystem and swap it there for you! WTF Serious WTFhttps://t.co/KHnVw5GQO0 pic.twitter.com/MMwPQCR9fb
— Learn Cardano Podcast & Courses (@LearnCardano) March 30, 2022
Also, the MYIELD pool is the most aggressive but any of these 3 options can help bump up your yield.
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