What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.
To my mind, the only profitable sphere now is NFT gaming, but it is not about passive incomes. So if you don't want to do anything and just get profit, the best choice for you is to invest in fundamental currencies in the long term and also stake them. Pancakeswap is a good, reliable project, so try it. But in terms of staking, don't invest in new defi projects now, as you will earn their native tokens that fall in the first three days and then don't return to previous levels.
My Defi Pets will have staking of their DPET tokens in the game and players will also be allowed to stake their own pets and they can also lend the pets. The tokens are becoming expensive though, it’s about $8 - $9 per coin now with a $60,000,000 marketcap.