How to Make Money in Crypto Without Worrying About Bulls or Bears - Step 1: Polkadot

By Cyfab | Cypherpunk 2.0 | 3 Oct 2024


A few days ago, everyone was bullish. Now, it's the contrary. You know what? I don't care. Because I've set up passive income strategies that work whatever happens... Well, there are some risks though. You can guestimate the probability. That's what the hedge funds are doing. But I do it at my scale.

Let's take the example of Polkadot. Staking rewards are really huge, above 17% APY, but DOT is inflationary, so it could lose value. So how to benefit from these 17% per year without taking risks? The strategy consists of borrowing what you stake. By doing this, you take a risk only on the collateral, not on the borrowed crypto... Unless it pumps too fast, of course. So you need to adjust the LTV (loan to value ratio). Let me know your questions if needed.

To implement this strategy, you first need to understand how staking works. Staking is the process of locking up your crypto to support the operations of a blockchain network. In return, you earn rewards. Polkadot offers staking rewards that can be as high as 17% APY. I explain how to stake in my video.

Next, choose a reliable platform that offers borrowing services with a borrow rate that is much lower than the staking rewards...

👇 Watch the video now to learn more! (if you don't understand what I say, just watch it, that's easy to understand)👇

Follow me on X for more tips on how to make money in crypto without worrying about bulls or bears!

Disclaimer: This is not financial advice. Always do your own research.

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Cyfab
Cyfab

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Cypherpunk 2.0
Cypherpunk 2.0

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