People who cannot create passive income streams will never be truly wealthy. Wealthy people have their money working for them twenty-four hours a day. However, the decentralized revolution has made earning passive income easy. DeFi has launched financial services not possible within TradFi, making it simple for ordinary investors to generate passive income.
Oryen (ORY), Avalanche (AVAX), Solana (SOL), Evergrow (EGC), and Hydra (HYDRA) are five protocols providing excellent passive income streams for investors.
Oryen comes in first, delivering a market-leading fixed APY of 90% thanks to its innovative OAT (Oryen Autostaking Technic) technology. This auto-staking feature means that ORY tokens are staked directly from the wallet, and investors start earning as soon as they hold ORY. The auto compounding function allows Oryen to maximize yields with positive rebases distributed hourly. Thanks to blockchain technology, Oryen can provide a passive income stream that has been distilled into buy, hold, and earn. APY or Annual Percentage Yield relies on compounding interest, and investors in the Oryen ecosystem are rewarded the longer they hold their tokens.
Avalanche is a DeFi-focused layer one blockchain protocol. It utilizes its unique Snow consensus protocol, a variation of the more common Proof of Stake. Subsequently, AVAX holders can delegate AVAX to help secure the network, validate transactions, and receive AVAX rewards. Additionally, more capitalized investors who hold more than 2,000 AVAX can become a validator running their own nodes and increase their rewards.
Solana is another layer one blockchain protocol. Solana was built centrally around the idea of speed and introduced a hybrid consensus mechanism blending PoS (Proof of Stake) and PoH (Proof of History) to deliver astounding throughput. Investors can stake their SOL through supported non-custodial wallets such as Phantom or Solflare or through centralized exchanges such as Binance.
Evergrow is a passive income protocol based on the Binance Smart Chain that pays out BUSD to investors who hold EGC in their wallets and has already distributed more than $38 million in rewards. These rewards are funded by EGC’s tokenomics which include taxes used to support the liquidity pool and used for periodic buyback and burns of EGC from the open market.
Hydra chain is a global decentralized network with more than 900 nodes globally. This project aims to empower crowdsourced projects and blends inflationary tokenomics with deflationary tokenomics solving the issue of total supply by letting actual adoption define this number. Furthermore, Hydra chain utilizes PoS, and users can contribute to this decentralized network and earn simultaneously.
Passive income is a core pillar of financial security, and DeFi has made this more accessible than ever. Cryptocurrency is money designed by the people for the people, and instead of centralized entities taking profits, these are distributed amongst the community in return for securing the network. All these tokens allow investors to build their crypto stack continuously.
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Source : cryptodaily