I’ve been very involved in the defi scene for the past year, using bots and a variety of other strategies to generate passive income with cryptos. Because I rarely have extra fiat to invest in cryptos, my goal for the past year has been to use my cryptos to amass more coins and value. I wanted to make money when the market was stagnant, when prices were falling, and, of course, when the market was trending upwards, I wanted to beat the market average.
The six methods I’d like to discuss are: 1. Staking 2. Lending
4. Leveraged Yield Farming 3. Yield Farming
6. Prestaking/Prefarming 5. Grid Trading
However, not everyone can take advantage of this because it requires a certain amount of money to get started. But you can simply start using their affiliate programmes, and if you can’t, you can simply download some apps like brave browser, which pays you in BAT tokens for watching ads, or social good, which pays you in crypto for purchasing anything online. These may appear to be completely different, but they both contribute to my portfolio.