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.
We cannot say that staking is a method of passive income. Due to fluctuations in Cake prices. You can only earn passive income by staking stable coins. If the number of coins in staking increases, but the price of the coins decreases, then you will experience a loss. In contrast to stable coins. The number of coins increases, but the price of the coins remains the same. I think with $5k capital it is better to trade. This is more profitable than staking.