Staking as passive income

Has anyone here actually struck gold and are making it with passive income via staking cryptocurrency? What does it feel like? Is it actually financially viable? I’m so tired of trying to beat the market I just want to park my money somewhere and live off staking. I don’t think I’m gonna last another year bros.

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balancer pools. thank me later.

I dont know what that mean so shut the fuck up

synthetix. but the price is about to crater 80% so hold off

It's doable but you need huge starting capital to make enough to live off of.

For reference, i have about $40k staked and make around $30 a day. 10x my stack and I'd be golden

That said, I also have mine in quite "safe" spots (relatively speaking). If you went for one of those ridiculous yield farms you could probably do it on 40k, but you also have a much higher chance of losing it all unexpectedly

Is this SXP?

deleat posht?

is it? why? I sold almost everything already except for LINK and SNX

look into Axion fren

if btc drops below 20ma to 9k-8k, snx will easily drop to $1-2. all these defi tokens have had insane runs, taking profits at some point is necessary lest you sit through multiple 80% drops. 1-2 is my buy zone

then reinvest the money and stake that right?

This

You are fucking retarded OP if you think you can make a living staking so early in the game. Even staking protocols take off and offer actual decent long term returns, you wouldn't have enough.

Should have taken your profits back in 2018 and bought up leases for real passive income.

yCRV yearn vault

If it one that requires you to "claim" what you've earned, yes. I dislike that though since it's more money wasted on gas fees

So please tell me, what are your safe staking spots?

Actually yes. Bought ~500 Uniswap late Late June for $500, since then I've earned 200 more Uniswap and the price has increased to $1.30

I've been slowly building up a staking pool with ATOM. Compared to other crypto the return isn't huge but much better than going into dividend stocks.

>so tired of trying to beat the market
buy & hold 2-3 years = 5 minutes of work?

cmon guys, in 2017 I saw a 15 years old chinese girl who had millions on poloniex acc (good old times :(). Just be patient.

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500 "uniswap"?? What do you mean thats not a token

Pro tip. Staking or any kind of interest higher than 1% per annum is going to be a ponzi scheme and you will lose it all bitconnect style. You can listen to me or continue being a greedy retarded retard

I make $700 a day off $ORN and soon will make 4 eth a day on $YEET

Look into the options provided by Yearn Finance (that doesn't mean the YFI token specifically) or Curve. Again when I say "safe" I mean they've been stable for a while and aren't gonna rugpull, nothing is risk free in this business.

How much did you put in?

Statera hands down.

I make between 200 to 300 a week from icx staking, but it could very well shit the bed again. You have to stake your icx as a vote for projects on the mainnet to get the reward though.

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If you put 100k ADA to stake you could make 1000-1500 a month.

Damn, 125k ICX? I'm only sitting on 5k.
This will go up soon.

I don't see why not, it's being integrated into enough day to day usecases. It's not a hypothetical anymore imo.
This is my largest hold.

you can check here getzencash.free.hr/faucet the more you stake the more your multplayer rises