Earn passive income with Arbitrum

By Bfab | Good vibes | 6 Feb 2022

Playing with layer-2 chains built on Ethereum is a good bet for the future. Arbitrum is one of the most promising ones since it has no token yet and hence might offer an airdrop in the near future. Furthermore, Arbitrum is secured by the Ethereum mainnet on which is built.

How to earn passive income on Arbitrum?

Among the DeFi protocols on Arbitrum, gmx.io is particularly intriguing:

Their token, GMX, has a total supply of 7.2 million units which is already circulating, and hence there is no inflation. Furthermore, staking rewards are 29%.
Their liquidity token GLP, based on several DeFi assets, also offers staking rewards, up to 60%
The TVL of GMX is still relatively low and still progressing.

As usual, please DYOR and remember that crypto market is highly speculative.

Below a few referral links to earn more cryptos...