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.
There are many ways to earn passive income like Fixed deposit of Banks, Investment in good stocks and earn dividend income, Invest in residentiial or commercial property and get regular rental income. In crypto Investment in DEFI projects like Pancakeswap has been very profitable since 2020. It has paid huge rewardes who provided liquidity or staked their Cake coins. Please be careful when choosing DEFI project becuase there are huge nimbers of scam projects in this industry.