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 definetly good way but did you ever think about where the staking rewards coming from? i think cake would not be so good for long terms. I do recommend you to staking unibright (ubt) that will soon come out maybe this year.
https://baseledger.netfrom that website you can see a picture how the flow of ubt as a reward flow, no new coins all on circulation. Also the project is quiet promising, UBT already works with COca-cola , servicenow , microsoft, splunk, and also many big enterprise that still yet to be announced.