This is 2022, and it’s time you stopped trading your time for money. Because truth be told, there is nothing better than loafing around and letting your assets, or your crypto, work for you.
These days, everyone is getting into crypto ‘investments’ with dreams of making 7-figures in 2 weeks. But trading and investing in crypto is hard work. You must spend hours mulling over dodgy analysis and making tough, life-changing decisions on when to get in on a trade or out.
Today, you’re in luck. We’ve outlined seven passive income high-risk, high-reward crypto projects that are certified game-changers for 2022. The only activity that can offer more yield than those listed here is bank robberies (not investment advice, like everything else here).
So, here are the most promising high yield crypto projects you might want to check out, especially If you suffer PTSD from your 9 – 5.
1 DRIP Protocol
No, it has nothing to do with intravenous fluid. DRIP protocol is a crypto project built on the Binance Smart blockchain (BSC) that provides passive income using DeFi smart contracts.
Source: https://drip.community/faucet
DRIP pays out 1% of your initial deposit daily in DRIP coin. You can cash this out or re-invest it (hydrate) to increase your deposit and compound your interest.
How sustainable is DRIP? DRIP is designed to be deflationary. Which means that the 1% daily payout will not inflate the token. DRIP deposited into the faucet contract (fancy name for the smart contract where you deposit your DRIP) is removed from circulation by burning. The daily 1% ROI is sourced from 10% taxes on token sales and 5% taxes on hydration. The protocol discourages large withdrawals, which could adversely impact price by charging a ‘whale’ tax up to 50%.
Is DRIP worth it? Say you started with an initial deposit of $1,000; you can take home $3,650 (less taxes) since your wallet stops when you get to 365% of your deposit. However, you can make much more when you hydrate due to the power of compounding.
That is not all; DRIP offers a referral system where you also earn a portion of taxes paid by your referrals and their downlines. It sounds a bit MLM-y, I know.
DRIP is one passive income project you should keep an eye on. The only effort needed is claiming or hydrating your 1%. That shouldn’t be too hard. Learn more about it: https://drip.community/faucet
2 The Animal Farm
Source: https://theanimal.farm/
Developed by the same team behind DRIP, The Animal Farm is a protocol on the Binance Smart Chain (BSC) that offers passive income via liquidity farming and lending. It’s powered by two tokens – DOGS and PIGS. DOGS are the primary reward token you earn by staking single tokens like WBNB, CAKE, BUSD, and ETH. You can also stake pairs such as BTCB/ETH and USDT/BUSD.
With high liquidity, DOGS are relatively stable (not so sure about Pit Bulls) because you can only earn the second token, PIGS by staking DOGS/BUSD, or DOGS/BNB liquidity. You can also earn PIGS by single staking DOGS or DRIP/BUSD pairs. PIGS are not as liquid as DOGS meaning the price may have larger swings. However, the protocol supports the tokens price appreciation with buyback and token-burn inbuilt mechanisms. You also earn BUSD as a protocol member when you stake PIGS.
Staking the primary DOGS/BUSD and DOGS/BNB pools can earn you between 3 – 7% daily. In comparison, PIGS pays in BUSD at a lower 0.5 – 1% daily rate. Learn more here: https://theanimal.farm/
3 ChargeDeFi
Source: https://www.chargedefi.fi/
ChargeDeFi is a BSC-based Stablecoin project that runs on 3 elastic supply tokens: $Static, $Charge, and $Pulse. The key features of these three tokens are expansion and rebase mechanisms that automatically pegs $Static to $1.01. The ecosystem algorithmically increases the supply of $Static once it’s above this price, and holders of $Static and $Charge receive a share of this expansion.
According to the chargeDeFi website, you can earn about 525% APR staking $Charge, which approximates to 1.4% daily. You can also stake LP tokens on the Static-BUSD staking pool and earn an APR of about 656%, which sums up to 1.8% daily. Any token you stake in the boardroom will be locked for 48 hours, and your reward will also be locked for 24 hours. Learn more here: https://www.chargedefi.fi/
4 Feeder.Finance
Feeder Finance is another exciting new project on the BSC network that aggregates DeFi investments products, offering investors a one-stop-shop for all investment services. Investors can feed capital into a diversified pool of vaults, lending platforms, liquidity pools, and other products in a hands-free process.
Source: https://feeder.finance/
The Feeder Finance platforms provide a hassle-free environment where investors can easily manage and track various investments. It features diversified vaults where a single deposit can be spread across multiple destinations. Investors’ earnings are optimized for risk-adjusted returns through auto-compounding and auto-rebalancing.
Feeder Finance is powered by the FEED token, of which only 100million will ever be minted. Holders of the FEED Token collectively share the multiple revenue streams that accrue from monetizing all the value-added use cases of the Feeder Finance ecosystem.
While the Farming, Staking, and Vault activities on the Feeder Finance platform offer users a healthy stream of passive income, it’s challenging to arrive at an actual earning estimate since the APY of the various products keeps changing. You can also stake the $feed token itself to earn a healthy yield. Learn more here: https://feeder.finance/
5 Seedify.Fund
Source: https://launchpad.seedify.fund/
Seedify.fund is a DAO-governed incubator platform for the blockchain-gaming industry. It allows its community of investors to get their teeth into the huge play-to-earn gaming sector through initial game offerings (IGO) before the general public.
The SFUND is the BSC-powered token of the Seedify Fund ecosystem, which serves as its currency, allowing users to stake it for rewards. They can also invest it and get allocations from ICOs, IDO, and other token sales events.
For sustainability, Seedify doesn’t create new tokens. Instead, it uses tokens from other projects as staking rewards. This prevents the asset from inflating and encourages members to support quality game projects since it will determine how much they can earn. Learn more here: https://launchpad.seedify.fund/
6 Hi.com
Source: https://hi.com/
This next project is not entirely passive; however, it requires minimal effort.
Hi.Com is a universal cross-ecosystem payment and financial services platform built on the Ethereum blockchain. It rewards users 1 Hi-dollar for answering trivia questions each day. It gets better. You earn half the daily rewards from users you referred who claim daily. And the friends of your friends who claim rewards also contribute to your reward. Some users have been reputed to make over $100 daily.
Users can sign up and earn through Telegram and WhatsApp. After all, the original idea of the platform is to create a digital banking system that is integrated with social media to buy, earn, and send cryptocurrency without transaction fees. Learn more here: https://hi.com/
7 Position.Exchange
Source: https://app.position.exchange/
Position Exchange is a BSC-based Decentralized Trading Protocol where users can generate passive income from farming and staking, trading crypto derivatives, exploring the NFT universe, investing and borrowing, and enjoying the full range of DeFi experience.
POSI, as its BEP20 native token is known, powers the Position Exchange. POSI is a deflationary token with several mechanisms set up to keep a tight rein on the supply. POSI holders can generate generous returns passively by staking them in the staking pool, farming LP tokens, and casting NFTs. Learn more here: https://app.position.exchange/
In conclusion…
For certain, blockchain and crypto technology is fast changing the way we live and earn. With the DeFi train speeding up, these are exciting times to jump aboard and unlock previously unheard-of earning opportunities. The DeFi crypto space is awash with projects that offer passive income and the projects listed above might be the right combination of high profitability and sustainability (DYOR, investing in these and other crypto projects is risky!)
However, you must consider the highly volatile nature of cryptocurrencies and only invest what you can afford to lose without losing your cool – and your hair.
Furthermore, there are as many genuine projects as there are Ponzi schemes masquerading as DeFi crypto projects.
Disclaimer: These are the writer’s opinions for entertainment and educational purposes and should not be considered investment advice. Readers should do their own research.
