Once the FOMO period that was created around the ShibaInu (SHIB) token ended, the price dropped considerably and those who invested found themselves with half or even almost zero assets. Divesting now is not convenient as the price is now low and if it is converted into a fiat, the real loss is realized. Unfortunately, there were many people who bought that token, hoping for quick and easy profits, but they were soon disillusioned and now find themselves stuck without the possibility of earning. So what can be done in this period of market uncertainty?
There are basically two solutions:
- Do nothing, in this case you simply hold the token we purchased in your wallet, or on an exchange, and wait for the price to rise. If and when this happens, you can sell to get back on par with your investment.
- Rent SHIB, to gain others while waiting for the price to reverse the trend.
Solution number 2 is certainly the tastiest, but how to do it? Are there any services that offer passive income to ShibaInu holders? Of course yes!
Let's start seeing the different possibilities right away.
Binance staking
Binance offers a blocked staking service for 15, 30, 60 or 90 days and with an APY ranging from 5 to 33%. If you choose to bind the token for a certain period of time, you receive a respectable passive reward. The products are characterized by a maximum number of tokens, once the limit is reached they run out and it will no longer be possible to stake your SHIBs. Please note, however, that it is not possible to release the amount until the end of the chosen period, under penalty of loss of earnings.
If you are new to Binance click here to sign up.
Binance liquid-pool
Also on the Binance exchange there is a second possibility of annuity which involves giving liquidity to the SHIB-USDT pool and receiving a mixed reward between SHIB, USDT and BNB. The APY isn't as high as blocked staking, but you can remove cash whenever you want without losing interest.
Shibaswap
The decentralized exchange built on the Ethereum blockchain, with the SHIB meme-token and two others (BONE and LEASH). Actually this DEX mimics many others we already know, but in this case it has discrete APYs on ShibaInu. Therefore, it is possible to give liquidity to the pools with SHIB, to pool the LP-Tokens we obtain to earn BONE and, finally, to stake the latter (APY up to 70%). The only downside: Ethereum fees slightly higher than the defi on Matic or BSC.
I hope I have been useful for those who have held SHIBs for weeks now with no possibility of collection.
Not yet subscribed to Publish0x? Sign up with THIS LINK and start earning cryptocurrency by reading.
If you liked this article please support me by following me here and on Twitter, leave me a like or use one of my referral links below. 👇
-Thank you-
