If you want passive income, try diving in to the Pools, but with caution
Crypto World is fun, trading and staking your coins or token is also fun, being alive is fun because of these new found hobby of mine, can I consider it a hobby? I mean, Everytime I woke up the first thing that I always do is not brushing my teeth or washing my face - it is opening my smartphone, visits all of the wallet I have and check the prices of my hodl token and coins. I also visit the DEX where I have a staked token and check if I already gain some profit hihi. I am staking in different DEX's with just a small amount staked in it. That's a lot better than to let it sit on my wallet and wait for a fresh apple. Why not make it work and earn some? Rawrrrrrrrrr.
So weeks ago, or December 16, 2021 I shared here my adventure in Tropical Finance or Trying the new DEX in Town: Staking FLEXUSD in the Pools. I'm just too glad that I was able to stake my FlexUSD on the second time they launch it. Coz you know, New Dex, High APR. It stated there that the first time it goes live it has an APR of 309,249.18 and that's really a lot really. If only I have decided to stake a big amount there for sure, hmm. But I'm not like the others to be honest. I'm not a big risk taker so as much as possible I only invest the amount I can only afford to lose, so that's that. But wait, actually staking is safe specially if using FlexUSD, like a stablecoin yes.
Actually, in staking in a Farm is that's where you can encounter a big risk if ever you want to farm or add Liquidity. You may get impermanent loss and that's really very risky. But, if you are my only staking in a Pools, it's not that risky as long as the token is good and no sign of getting rug pulled? Lol. Okay back to my real topic, the main dish I mean. So it was December 16 when I decided to stake my flexUSD in Tropical Finance. Not that much but a big amount to me already. So Instead of buying it, why not just stake to earn some of their Governance Token which is DAIQUIRI. And after just staking it for 25 minutes I already accumulate a total of 27.516 DAI and it is already equal to 5.21346 USD in todays price 0.19 USD.
So after 13 days, after harvesting the DAIQUIRI I earned and then staking it too I already accumulated a total of 217 DAIQUIRI. Actually, when I already earned 110 Daiquiri in my staked FlexUSD i decided to harvest it and stake it too. So I have two running in the Pools. One in Daiquiri and 1 in FlexUSD. I can earn passive here because of that. I'm not even doing anything. I just let it run there while I do my thing here grinding and grinding. So while I'm grinding and earning I am also earning some just by staking my token, isn't that awesomeness? And you can do it too as long as yo do your proper research and you know the risk os doing it.
So how much I earned after 13 days in Staking my FlexUSD and earned Daiquiri in tropical finance? As of typing this at 1:37 AM DAIQUIRI is in 0.188 right now, so If it's in BCH, I already accumulate 0.0901945 BCH and if it's in flexUSD I already got $40.2109. OMFG!! OMFG!! Just by staking it. Imagine that? Stake it, pay for the gas fees, leave it and then forget it. And go back once tunaw na, Ay teka lol. Then go back to harvest your daiquiri and stake it into the pools. The APR is not that high but still acceptable. Amazing really UwU.
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December 29, 2021
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I only stake on daiquiri, I will also try out the FlexUSD.