The possibility to earn Ethereum on Publish0x is actually a pretty cool thing. The question is what are you doing with your Ethereum earned on Publish0x?
I recommend to hodl your Ethereum for the long term and to put it to work. You can earn interest on your Ethereum on lending platforms or you can stake your Ethereum and earn staking rewards.
Ethereum is already pumping like crazy and I believe that this is not the end.
Just imagine how much Ethereum is going to pump when we see ETH 2.0?
When you have some urgent electricity bills to pay, you can sell your Ethereum right away. If you don`t need some cash urgently to pay your bills, the best thing you can do is to keep your Ethereum for the long term and to put it to work by lending it out or by staking it.
You still can thank me later. 😉
BlockFi
So one possibility to put your Ethereum to work is to use a lending platform like BlockFi. BlockFi offers interest-earning accounts, low-cost USD loans secured with crypto, and fee-free trading. It offers the best rates for these services, the most flexible structures, and the highest degree of security available in the blockchain lending ecosystem.
To fund your BlockFi Interest Account, you can buy some crypto with BlockFi or you can simply deposit some and directly start earning interest on your crypto. Besides Ethereum, BlockFi supports Bitcoin, Litecoin, GUSD, PAX Gold, and different Stablecoins. It`s a cool feature that you can trade all these assets in your BlockFi account completely fee-free. You can expect more crypto assets to be added to BlockFi in the future.
One of the most attractive features of BlockFi is that there is no minimum deposit required to earn interest. You can also send small amounts of Bitcoin to your interest-bearing account on a continuous basis. Interest is paid monthly, directly credited to your existing balance, and you can even choose in which cryptocurrency you like to receive your interest payments.
If you use an invitation link to sign up for BlockFi and deposit $100 or more into your BlockFi Interest Account, you and I, both will receive $10 in Bitcoin. That sounds like a classical win-win situation for me. 😎
CakeDeFi
Another platform that I am using personally besides BlockFi is CakeDeFi. CakeDeFi offers unique Lapis services with guaranteed returns and a potential bonus. The Base APY is guaranteed and additionally, you can get bonus returns when the price of the native coin goes up during a batch.
Besides earning interest on your Ethereum, you can also get a bonus of $30 in $DFI when you newly register on CakeDeFi´s website and fully verify your account (KYC).
Make your first deposit and you will receive a bonus of $20 worth of $DFI. The minimum deposit to receive your bonus is now $50 in supported crypto like Ethereum, Bitcoin, or Dogecoin. If you use an invitation code (528168) for signing up, you and your referrer will receive an extra $10 worth of $DFI, which will also be locked and staked. This makes a juicy bonus of $30 in $DFI in total.
Please note, that this bonus will be locked up and staked for 180 days. The good news is that the locked up bonus automatically yields staking returns during this time with a 37% APY. These staking rewards will be added on top of the $30 bonus and can be withdrawn after the lock-up period has ended.
Celsius, Nexo, and More
There are also other lending platforms like Celsius or Nexo allowing you to earn interest on your Ethereum. Nexo supports a wide range of different coins and tokens. If you have at least 10% of your holdings in Nexo Tokens the interest rate will increase up to 10%.
Celsius also seems to be a good choice. Unfortunately, I can not use Celsius in my country because of geographical restrictions. Instead, Celsius wants me to sign up at Bitwala, another lending platform.
If you want to know more about Celsius, I recommend reading the post "Celsius crypto asset management app review" written by @paragism.
Ethereum 2.0 Staking
Instead of lending out your Ethereum, you can also get into Ethereum 2.0 staking. Normally, you need a big amount of Ethereum if you want to become a "regular" staker and the process is quite complicated and complex.
Luckily, there are easier ways to participate in Ethereum 2.0 staking. On Binance, for example, you can stake small amounts of Ethereum and the process is quick and simple. Binance allows you a seamless one-click ETH 2.0 staking with minimal requirements and maximum returns.
Please note, that your stake cannot be redeemed during the first phase which may take more than two years. During that time, Binance tokenizes $BETH as the only proof of your staked Ethereum in a 1:1 ratio.
Instead of Binance, you can also use Guarda Wallet to stake your Ethereum.The great benefit of Guarda Wallet is that you can directly withdraw your Ethereum from Publish0x to Guarda Wallet and start staking.
If you know more ways to participate in Ethereum 2.0 easily, please let me know in the comments.
My Final Thoughts
Diversification is not only important when it comes to your portfolio but also when it comes to your investments. For this reason, it`s smart to use different platforms and not just one.
Personally, I am using BlockFi, CakeDeFi, and Binance to generate a passive income stream from my Ethereum holdings. In this way, I`m not only spreading the risks but I`ve also received some nice sign-up bonuses. 😉
At the end of my post, I also like to remind you that my intention in this post is to raise your awareness of Ethereum and my intention is not to replace your own research. However, it really reflects my own opinion.
So I hope that I could provide you with some interesting and useful information about how to put your Ethereum earned on Publish0x to work.
If you know more ways to put your Ethereum to work, please let me know in the comments.
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