We are hitting passive income hard during all this market uncertainty. We are always looking for great opportunities to make some money with the 2 things you have in your portfolio already. High-quality project coins and Stablecoins.
All 7, yes 7, of these farms have only high-value projects and stablecoins. Coins you have no intention of selling. Let’s see what great Crypto Passive Income By Staking opportunities are available this week.
1) BabySwap
All 7 of this week’s passive opportunities take place on BabySwap. If the layout looks familiar to you, that’s because it looks almost exactly the same as PancakeSwap but with baby everything instead.
Source: BabySwap
It’s important to mention that CertiK recently audited their contracts. They scored well on security and on no bugs in their smart contract code.
BabySwap Tokenomics & Price Prediction
Also, they have a native token called BABY. This is the token that we will receive some of our repayments in so here is some info about it:
- BEP-20 token
- Total Supply: 522 million
- Circulating Supply: 715,016
- Price $0.23
Moreover, its initial max supply was 1 billion but BABY has a burn mechanism. The market cap is only $158,240. So if you are an aggressive investor, you may want to take a chance on it, otherwise, you are going to want to follow our more conservative recommendations.
In addition, our AB technical analysts took a look at BABY and they tell us that BABY has been in a downtrending channel the last few weeks with support and resistance at 21c and 29c. If BABY breaks below 21c at support, the next support level is a full 10% lower at 18c and then 14c after that. If BABY breaks out above 29c resistance, then we could see an increase of almost 15% to the next resistance level at 33c. It has, as we explain in this little intro video coming up, lost 90% of its value from its all-time high.
More About BabySwap
In BabySwap, there are many wallet options to use:
- WalletConnect
- Metamask
- Trust Wallet
- TokenPocket
- And more
With any assets already on BSC, you won’t need to wrap anything which makes things easier and cheaper. You can just use the assets as they are. Now, onto the recommendations:
👶 Baby #MetaFi is here! 💃
🖥️ Web Page Upgraded
🎮 Baby GamePad
🚀 Baby MetaLabs#AMM + #NFT + #GameFi = Foundation + Connector + Ultimate Goal ✨Details 👉 https://t.co/DysPmtaIg3
Baby MetaFi is charging to fully support #BSC @BinanceChain 🔋
Ready to #BUIDL with us? 😉 pic.twitter.com/ludilKFsTW— BabySwap🍼 #BNBChain (@babyswap_bsc) January 13, 2022
Farm #1: ATOM-USDT
We start with ATOM, the native Cosmos token, and USDT. The farm currently pays 24.5% in BABY and 11.7% in ATOM for 36% total.
We like that this farm pays double digits in ATOM regardless of the other payment and that these are 2 large project coins for Cosmos and Tether. There is still a risk of impermanent loss since Tether is a stablecoin. At least some of the difference in ATOM’s price (positive or negative) that could generate IL is offset by you earning more ATOM.
Now, just like last week, a way to juice up your returns. The strategy here is to sell the BABY for more ATOM and to stake it within your Keplr wallet. Keplr is a great Cosmos native wallet and holds most CW-20 tokens. Here’s how to do it:
- Sell BABY for ATOM on BabySwap
- Send ATOM to Binance
- Withdraw from Binance to Keplr wallet
However, for our American fans who can’t use the full-service Binance account, you:
- Sell BABY for ATOM just like above
- Use the Secret Network Bridge to bridge between Cosmos and BSC
- Move to Keplr wallet to stake
And why do all this? Staking ATOM alone is 8-10% net of validator fees. But you can beat that and reduce your downside risks too. This technique earns us more with 11.7% plus the returns on our 24% newly staked ATOM but with less volatility since half of our LP is in USDT.
Farm #2: SOL-USDT
Another high-value project coin paired with Tether. This time, Solana. The LP pays 30% in BABY and 8% in SOL for 38% total. Like our first farm, the return just on SOL is pretty good with anything more being a bonus and a chance to increase our returns.
Here we are keeping it simple. We would sell our BABY for more SOL or USDT right here on BabySwap.
And if you like the LP performance, you can buy equal parts of both SOL and USDT and increase your position in the pool.
Farm #3: BTC-USDT
Here is a rare opportunity to stake the king, Bitcoin. You can earn 14% with 9.7% paid in BABY and 4.4% paid in Bitcoin. This is a high-interest rate to pay in Bitcoin and that’s what we like about this farm.
On this one, there’s one choice for enhancing your APY. Sell BABY and buy BTC.
Source: BabySwap
Farm #4: ADA-USDT
This one, like the others, features a quality coin and Tether. This one is ADA-USDT. It pays 30%, 19% in BABY, and 11% in ADA.
Again, this return in ADA alone is a good return and reason to consider this pool. Our recommendation on this pool is to sell the BABY for more USDT.
Farm #5: MATIC-USDT
Here we have Polygon and USDT. The returns on this one are 35% with an almost even split between BABY and MATIC with 17.4% in BABY and 17.8% in MATIC.
MATIC has come under fire in their community for not enough quality staking options for small-dollar retail investors. We just wrote about it on our website. So this is a refreshing option where you don’t need thousands of dollars and huge gas fees.
With this pool, we sell the BABY for MATIC.
Farm #6: LINK-USDT
Here’s another one that doesn’t have lots of staking options, Chainlink. This farm is LINK and USDT. It pays 21%. The BABY part is 15% with 6% payable in LINK.
While we like LINK, our recommendation is to sell your BABY to buy either:
- LINK
- USDT
- Or BTC
As a result, USDT would be appropriate for a buy-the-dip opportunity while LINK or BTC would be a good fit to add to existing positions.
Farm #7: KSM-USDT
We saved the highest paying one for last. We have Kusama. KSM pairs with USDT and it pays 52%. 41% of that is in BABY while the remaining 11% is in KSM.
Also, here we have a shift despite the fact that we like KSM. On this farm, we think you should swap both your BABY and your KSM for Polkadot DOT and stake it from your native DOT wallet. That will give you a chance for another 13% interest in DOT.
Source: BabySwap
Conclusions
Therefore, there you have it. 7 great options on one platform, BabySwap. Again, some of you may want to be aggressive and keep those rewards in BABY to see what the protocol might do.
But we think most of you will want our more conservative options. They are either:
- USDT for waiting for a buying opportunity
- or more of the existing high-value project like LINK, SOL or ADA to add to your current positions in those projects.
Also, check out these LP options today before the rates change too much.
Research credits: Abhay
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