How to make money while you’re asleep…
You’ve probably heard motivational speakers and business moguls say stuff like;
“Don’t work for money, let money work for you…”
“You’re not an entrepreneur until you can leave your business and it functions effectively in your absence…”
“You need to have multiple source of incomes…”
“Grow yourself till you can make money while you’re asleep…”
What if I told you I had a tip that will help you make money while you sleep?!
Awesome right?!
Read this till the end…
The revolution of DeFi to traditional financial institutions brought a lot of benefits to its investors and users because of the awesome benefits it carries. I get the privilege to talk about several disruptive technologies and innovations that are solving key problems in the world today. Each time, I express my thoughts about how embracing innovation is the only assurance for staying relevant and staying in the lane of growth. Unlike traditional finance systems, one of the things that DeFi brings to investors on a platter is the ability to make money “doing nothing”.
This feature is what we call the staking feature. Staking in DeFi has evolved significantly since its inception. Initially, it was primarily about proof-of-stake (PoS) protocols where users could lock up their tokens to secure the network and earn rewards. Now, it encompasses a broader range of activities, including liquidity provision, yield farming, and governance participation. Staking has become integral to many DeFi platforms, offering users various ways to earn passive income while contributing to network security and functionality. There are a lot of DeFi platforms that has interesting staking benefits on the blockchain today.
One commendable platform is the pSTAKE Finance platform. pSTAKE Finance built on the Persistence is a decentralized finance (DeFi) platform that focuses on staking solutions for various blockchain networks. It allows users to stake their tokens securely and earn rewards, typically in the form of additional tokens. PStake Finance aims to simplify the staking process and make it more accessible to a broader audience within the DeFi ecosystem.
Users can participate in staking activities without needing to maintain their own infrastructure or meet minimum requirements set by individual blockchain networks. It’s part of the broader trend of expanding staking services within the DeFi space, offering users additional opportunities to earn passive income while contributing to network security and decentralization. With pSTAKE Finance, you have the benefit of enjoying staking rewards with very interesting APRs.
What are these staking rewards?
By staking/saving your tokens in the @pstakefinance protocol, you can earn rewards in the form of additional tokens. These rewards are typically distributed periodically based on the amount of tokens you have staked and the duration of your staking.
These staking rewards can compound over time, meaning that the rewards you earn can themselves be staked, further increasing your potential earnings over time.
All these require that you do ABSOLUTELY NOTHING!
