HOW TO EARN PASSIVE INCOME BY STAKING CRYPTO
Today I am going to talk about how you can take advantage of DEFI and stake crypto and earn rewards for passive income. I showcase Fantom, Terra, Polygon, and Stablecoins.
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0:00 Intro
3:07 2021 Returns
4:30 Staking Fantom
10:40 Staking Polygon
14:00 Staking Terra
16:45 Staking Stablecoins
20:46 DCA Portfolio Update
22:00 Q&A
🔴Full Disclaimer: This video and its contents are for informational purposes only and do not constitute an offer to sell or trade, a solicitation to buy, or recommendation for any security, cryptocurrency, or related product, nor does it constitute an offer to provide investment advice or other related services by CryptosRUs. CryptosRus may have a financial investment with the cryptocurrencies discussed in this video. In preparing this video, no individual financial or investment needs of the viewer have been taken into account nor is any financial or investment advice being offered. Any views expressed in this video were prepared based upon the information available at the time such views were written. Changed or additional information could cause such views to change.
#staking #polygon #crypto
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Tried to deposit into Anchor and kept timing out. Gave up in the end.
George, thanks for teaching us how to!
I tried to stake Solana on the Phantom wallet but got stuck at picking a validator. How do I know what to pick?
What was the AVAX with the crazy APY he was talking about? He didn't want to name it .. Thanks
Staking
Yield Farming
Compounded Yield Farming
Nah fam I’m all about degen staking and getting rugged
☕☕☕☕
Fyi
You can get 6% for SOL on Exodus and 12% for DOT on Voyager if you hold 20 or more.
Axis infinity is promising a 190% staking using the Ronin wallet converting SLP TO AXS good or bs?
Okcoin has really good staking. Is their staking of Miami coin legit at 145% APY. Also has Polygon at 15%
Well done George for all your successes in life and never stopping, especially for not allowing money your motivator or for it to be the end of your productivity.
Great video man, thanks!
IMO as a small timer with little money and crypto the trade off of native staking vs on a exchange, it's the ETH gas fees. Depending on time of day it cost me nearly 40%-50% of my amount to stake into Matic T_T
Look at flamingo
How is it passive income if you can’t turn it back into usable fiat?
Haters love to "crap on" George, but I'll point out 3 things:
– George is already a "made man" for the rest of his life
– George does not have to do this for profit, rather to keep from being bored/to help people
– Sponsorships are rarely taken, and he does not even like to mention shill Super Chats
No one is 100% right , nor 100% perfect, but those are the reasons I choose to watch George and "absorb" his knowledge … you would be hard pressed to find many financial/crypto influencers that abide by the same (though they are out there , but rare)
👍
"I don't know that I can afford this metaverse. but I'm gonna start in another one and work real hard…" -Tim J Dillon
Wondering why George didn't mention Nexo for gaining passive income. Even though as US resident I'm not able to gain higher interest rate by gain interest in their nexo token, some of their interest rate still better than Celcious. I utilize both to gain interest on my coins during this uncertain times.
If I were to convert my savings into crypto so that I could earn these rewards for some years, but then I convert it back to fiat, I still have to take into account the tax loss, correct? What is the tax rate for a process like this? Anyone have experience?
Fantom
$XPRT Persistence pays 35%+ APR for staking Easily the safest and best project to stake.
the best trades are the ones with risk management, this means you have a plan with your trade.
you know when to take profit and where to place your stop loss.
Smart BCH 500+ %
Is it legal for exchanges to stake your crypto without wanting to? This is probably why the exchanges go flat on big news when many people want to sell their currency at the same time.
I would disagree, the dollar does move up and down, it’s called inflation/deflation. Your buying power increases or decreases, owning a stable coin in a time we’re the fed is printing money as fast as posible, and you have tether minting. Your debasing the value, you need 20% just to break even. Good luck with that strat, you were on point with AMM and staking crypto.
I loved George thanks a lot, I was waiting on this one to have an idea what to do. Now what is next for me is how to do it? How you move the crypto from one place to another, Im been worry to not loose the money in the process on how to. Probably you can make a video with and example on how to move from and exchange to another. Thanks BTW… which one you use for staking?
Great video…
Man, you need to be more accurate. Yield = stated Yield – inflation of the token. Nominal yield is meaningless if tokens are issued at even higher rate. It's like getting dividend on a stock that issues shares at the same time.
You know we are in a bear market when everyone starts talking alternatives like staking, nfts, gaming.
Thanks Geroges !
Anchor protocol 19,5% APY insane…
George, I’ve been subscribed to your channel since early 2021. You’re doing something right, you look so much more stress free , happy & healthy . Keep up with your dedication & overall fantastic streams. Really appreciate you. 👍🇬🇧
Thanks! Great answer! How long? Forever! I love your view!
MIAMI coin 💪🏽🌞
George great video I would just suggest to point out the risk of impermanent loss when it comes to liquidity pools or yield farming as a lot of people are not aware of this and just see high yields but do not understand what they are dealing with.
Why the long adds
Just to clarify, why does tusd not fall under the stablecoin category?
'yea I'm a multi-millionaire but I don't like to flaunt it'…gets in his orange lambo with the licence plate BI6 C00000CK 🤣
Love your show George please keep it up! (the show that is )
hi, all of that is fine but you did not digged into the fees! Only celsius is realy feeless, no spread either on swap, bye.
This is what I did all year haha
thaks george, we needed this.
BlockFi is probably not happy about this video George lol
Hey George?
This time , buy the dip video we going up next week it out of fashion? LoL. We all know how and where to stake our cryptos in periods of "bearish" consolidation.
How about solana use which wallet
Love your channel. Please do more videos like this! Great way to learn new ways to make passive income on our crypto 🤓
💧💧💧 DRIP ..The king of passive compound income
I remember a time when banks used to offer 10-15%