There's been a lot of hype surrounding Atomic Wallet on Publish0x since the partnership announcement a few weeks ago, and indeed it is a great wallet with a bunch of nice features, but I thought it was time to talk about another wallet that I've been using for a little while and that I particularly like: Exodus.
Since staking is one of the major features advertised by Atomic, I will focus this post on ways to earn a passive income within the Exodus wallet.
There are three ways to earn on Exodus: Airdrops, Staking and, the most interesting one, DeFi lending.
1. Passive earnings from hodling coins
- TRX hodling to earn BTT: Probably in order to increase TRX ownership and BTT adoption, Tron airdrops free BTT to TRX holders every month until February 2025. All you have to do is have some TRX in Exodus and, on the 11th of each month, you'll get some BTT transferred to your wallet automatically, it's that easy.
- NEO staking to earn GAS: Just having some NEO in your portfolio will automatically make you earn NEO GAS, the coin needed to pay for NEO transactions. The earning rate is about 1.6% annually. To claim the GAS, you need to go to the settings of the NEO coin in your portoflio (the little gear in the top right) and click "Claim GAS".
- ONT staking to earn ONG: This works exactly like NEO and GAS: own some ONT, and click "Claim ONG" every now and then to get your earnings. The rate is around 3%.
- VET hodling to earn VTHO: VTHO is the gas currency to pay for VeChainThor transactions, and you earn it just by owning some VET. The VTHO will be added to your portfolio like BTT with TRX. The yearly interest is around 1%.
2. "Active" staking feature
I call this "active" staking because you actually need to activate the option in order to start staking, but that's as active as you need to be, two clicks instead of none.
- XTZ staking: we all know that staking Tezos is one of the best ways to grow a passive income due to the pretty nice adoption and interest rates you can get out there. And Exodus allows you to do just that from within the wallet. Once you have some XTZ in your wallet, you can activate staking by clicking "Advanced options" in the settings of the coin. Exodus partnered with the baker Everstake, and the current APY is a little under 6%.
3. Earn interest safely with decentralized finance
DeFi, or Decentralized Finance, although not the best paying option in the world of crypto lending, is known to be the safest one, as you do not lend your coins to a third party.
Exodus has integrated the Compound Finance app, which allows you to use the app without leaving your wallet. As of now, only DAI is supported, but that's not a problem for us Publish0x users.
- DAI earnings: As with any ethereum app, you'll need some ETH to transfer your DAI and activate the earnings process. The current APY is around 0.5%, which is not much but it's better than nothing, and an entirely safe way to earn interest on the DAI you get from tipping. And you're free to withdraw your DAI at any time.
DeFi earnings with one click, straight from the wallet, is clearly one of the best features of the Exodus wallet.
4. Bonus: Betting on sports
Okay, this is not really passive, and it's definitely not only a way to earn but also a way to lose your coins so be careful here. But I still had to mention it as the feature is included in the wallet and remains a way to get some coins if you know what you're doing.
The app in question is SportX, and it's integrated in the wallet like Compound Finance. Only DAI is supported for now, but I don't know much more about this app since it's not available in my country. Here's what the Exodus team has to say about it:
SportX brings cryptocurrency and betting together with the use of smart contract protocols which ensures your funds are protected and payouts guaranteed on time. Using the Ethereum Blockchain to have maximum security when handling your funds. Their smart contract code is publicly available so anyone can self verify if they want!
So there you have it, here are the coins that you can earn from within your Exodus wallet. They also told me on Twitter that adding some more assets to stake was on their roadmap, but they didn't give any ETA or details about the coins.
Did I miss any? Which method is your favorite? Let me know in the comments!
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