~
I've been searching for an opportunity that will enable me to earn extra income to keep me afloat in anticipation of the bull run, but I've always hit a roadblock due to several reasons like low APYs, dicey processes, and high risk, etc. I'm more conservative with finances, so I would appreciate any suggestions on a passive income offer or product with low risk. Preferably, my capital would be protected, and the potential for growth would work well for me.
I would like to suggest lending, but over the years, the popularity of those platforms who are offering an X amount of annual interest in exchange of lending your money has declined massively already.
Staking is what I'm doing right now, and for sure many here are also doing. I will not define what staking is as there's many videos on Youtube that explain what staking is. Since most of my coins can be staked (aside from Bitcoin), I'm just putting into staking platforms, and I just let it stay there, and in exchange, I'm earning coins on a monthly basis. Well, it wasn't as high, but earning tokens by doing nothing is better than just letting your coins not multiply.
Staking Ethereum would I think the lowest risk that you can do. The APY isn't as high because the risk is low, but you can assure that the amount of Ethereum that you will have will be more after a year. The only thing that you can't prevent is impermanent loss especially if the price of it goes down like what happened last year.