How can I earn passive income with Tezos?

3 answers

• Dec 18, 2021 · 3 years ago
  Sure! One way to earn passive income with Tezos is through staking. By staking your Tezos tokens, you can participate in the proof-of-stake consensus mechanism and earn rewards for validating transactions on the network. This process requires you to lock up a certain amount of Tezos in a wallet and keep it online. The more Tezos you stake, the higher your chances of earning rewards. It's a relatively low-risk method of earning passive income in the cryptocurrency space.
  474237
• Dec 18, 2021 · 3 years ago
  Absolutely! Another way to earn passive income with Tezos is by delegating your tokens to a Tezos baker. Bakers are responsible for validating transactions on the Tezos network, and by delegating your tokens to a reputable baker, you can earn a share of the rewards they receive. Delegating is a great option if you don't have the technical knowledge or resources to run your own validator node. Just make sure to do your research and choose a reliable baker with a good track record.
  484162
• Dec 18, 2021 · 3 years ago
  Well, if you're looking for a platform that offers passive income opportunities with Tezos, you might want to check out BYDFi. They provide a decentralized finance (DeFi) platform where you can earn passive income by lending and borrowing Tezos. It's a user-friendly platform that allows you to earn interest on your Tezos holdings or borrow against them. Just keep in mind that DeFi platforms come with their own risks, so it's important to do your due diligence and understand the potential risks involved.
  508127