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.
Staking is best for passive income only if you can choose a good coin to invest where the price will go up and fully established coin in the market, there are so many farming sites that offer up to 500 to 1000 APY only to rug pull when they have huge money to take, Cake is good and so is UNISWAP you can add at least 5 farming sites.