So for some time now I’ve been making passive income through crypto currencies. Not sure how many people know this but I thought I’d share anyway. So the idea is put up money into a DEX (PancakeSwap) and the money works to generate income. There’s nothing else to do other than staking some cash. Obviously the higher you stake the more money you make on the side.
PancakeSwap is a type of DEX known as an automated market maker. This essentially means that there are no order books, bid/ask system or limit/market orders. Instead, users trading on the platform automatically draw liquidity from one or more liquidity pools, which then rebalance after the trade is complete.
I invested about $1500 (or so) and now have about $1700.
I’m happy to explain how this works if anyone is interested and has questions.
PS: This is not financial advice.