Publish0x is a great place to get your first cryptocurrency for free.
Little as those cryptocurrencies may be, you got them for doing what you enjoy. Reading and writing.
But what do you do with those earnings?
You could convert them to fiat and keep them in your account if you like. I have a post on that here.
But what if you're only managing to earn the minimum withdrawal every week? What then do you do with those earnings?
Obviously you hodl them!
If you can get more than the minimum withdrawal amount, that would be great, but the point is that this is free money. And you're getting great cryptocurrencies too. Just hodl them all.
But won't it be great if you could hodl them and still earn up to 8% per annum?
Enter the trust wallet.
Recall that we earn three cryptocurrencies: DAI, HYDRO and BAT.
Luckily, this method I will explain allows you to earn interest on any of these tokens!
First off, you'd need the trust wallet. Download it here for all your devices.
Next, proceed to deposit your earned tokens to your trust wallet. If you don't know how, read my winning entry into the Publish0x writing contest. It explained exactly how to do that.
Once you're done with that, go to the dApps section of the wallet.
Search for Compound.
It looks like this:
Click on it and follow the necessary steps. it's very straight forward and easy.
Once you've selected your chosen token(choose all of them at once so you pay low gas fees), proceed to invest them in compound.
Compound is a De-fi solution that lends cryptocurrencies to people on need of them. The funds are provided by users, and the users earn interest because of this.
I will review De-Fi and compound in the future, so follow if you want to see that.
And that's all. You will start earning interests on your tokens. The interest on DAI is 8% per annum, and the interest on BAT is 2% per annum. Hydro can't be lent yet, but it is coming.
This is, in my humble opinion, the best use case of your Publish0x earnings. Its using free money to get even more free money!
Thanks for reading.