Source: https://pixabay.com/photos/coins-currency-investment-insurance-1523383/
The last two years was introduced by exchanges and other crypto paying interest platforms the options to earn extra money with the form of interest. Also platforms like anchor or compound made it possible to stake your stable coins and in return get a very good borrowing rate.
Furthermore defi platforms let users to stake their crypto and earn in each defi platform native coin. The possibilities for earning were plenty.
I use binance to lock my coins and earn interest on them. I believe binance right now gives decent rate of interest (Older rates were better). But I am ok with free money everyday which they are compounding.
If you save your money on a bank the rates if you are lucky aren't negative but close to zero. Crypto give the opportunity to really use your assets that sit in your exchange or defi account.
Also I like to stake hbd here on the hive platform as the rates is remarkable, 20% per year. Simply amazing. I do not possess high quantity of hive dollars but I slowly like to accumulate them. My personal goal is to reach 1000 hbd dollars...
So tell my about your strategy, do you use your crypto to earn passive income through interest?
Thank you for reading my post
