One of the things during the last bull market that was very typical was for people to boast about their daily passive income on Twitter. You could see them share how much they earned with all the 3,3 tokens such as OlympusDAO, HectorDAO, Thor Nodes, StrongBlock, PowerNodes, and who knows what. I also rode this wave, but when the bear market started to come, these all disappeared and nobody tweeted about their daily passive income from crypto anymore.
Well, now we are starting to feel some bullish vibes again, but there is no passive income in crypto in the same way, at least not to me. Those node projects that promised incredibly gains are no longer operating with the same model, and most of us have learned that it was a totally unsustainable model that they used. Of course, it was good for short-time profit if you were an early investor, but in general, it wasn't good enough.
But, as the crypto market rides some bullish waves, some daily income is at least starting to return. What do I mean?
Blogging on Hive and Steemit suddenly got more profitable. If you haven't taken profit during the bear market, your tokens are suddenly starting to be more worth, meaning your work during the bear market suddenly starts to turn into gold.
I have a Nexo account where I receive interest for the tokens I hold on the platform. I have sometimes received all interest as Nexo tokens, while at other times I have received them in the native tokens. No matter what, that interest is suddenly worth more as the value of those tokens grow. Not long ago, a Nexo token was worth $0.5. That means, if I received my daily interest in Nexo tokens worth $4 (that means 8 Nexo tokens), and I didn't sell those, then that daily interest from back then is suddenly worth $12 (and not $4) with the current price of the Nexo token.
- Merchant Moe is a platform on Mantle created by the team behind TraderJoe. I have funds in farms there, and several farms give you an APR above 100%. As a result, I daily visit the platform to farm my income from the farms, and then I mostly add them back into pools for even more interest. Of course, I could take profit and sell, but I am too greedy to do that.
These are just some examples showing how life suddenly has become more profitable, and it makes it more interesting and fun to look at the portfolio value and so on as I wake up in the morning.
Do you have any daily income from crypto that you would like to tell me about? I would love to hear from you!