I used to trade in Binance and got the profit from trading. However, it's really a time consumed for me to follow the chart all the day. So it's the time to thinks about a passive income.
I started doing my research in a lot of platform like Pulish0x, Medium, Leofinance, ... and i found that farming is very interested and it's fit me the most. Then i started to move all my fund from Binance to farming platform.
I have 2 rules that i must follow when farming
Don't put all the egg in one basket. I divided my portfolio to several farming platform
Choose the tokens which have strong support from development team, social , long term development.
Based on these rules, i did the below investment on farming. So this is my earning stat in Apr.
1. Pancake swap
GUM-BNB : 1000$
I bought GUM at $1.87 and started staking since 18-Apr
Earned: $130 BUSD
XED-BNB : $462
I bought XED at $1.23 and started staking since 23-Apr
Earned $51.47 BUSD
2. Mdex
BRY-USDT: $1348
I bought BRY at $5.95 and started staking since 23-Ap and earned $76.82 BUSD,thank to the MDX
3. Bunny
I staked 4.5BNB in Bunny to hold the BNB for long term while still earning from it. The APR is pretty low, 20%, so i did not withdraw anything from Bunny yet.
Earning: $0
4. Autofarm
MDX-BUSD: $400
Autofarm will automatically compound your LP, so you will higher LP token daily. I did not withdraw anything from autofarm because i see MDX will pump in the short future.
Earning: $0
Total earning in APR = $258.29
I would like to get your advise on my plan and how to get more passive income with my plan.
