How To Earn Passive Income on NEAR Blockchain through Different DeFi/NFT Projects or DAOs on NEAR

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2 years ago

1. Staking

  • Metapool

In addition to staking directly with validator on wallet near, there is one single staking project on Near, Metapool. Over the past month, the fact that lending products use stNEAR as collateral and allow farming with this token has created the need to deposit NEAR into Metapool.

Meta Pool allows NEAR token holders to stake and earn rewards, providing an easy way to unstake with no lockup.

3 ways to make profit on Metapool

2. Lending & Borrowing

  • Bastion Protocol

    Bastion Protocol is a lending and borrowing project on Near. Bastion has just announced that it will launch the next product of the project - Stableswap. This is a product that allows projects to trade peer-to-peer assets with low slippage, with cTokens (the tokens received after depositing assets into Bastion).

    This product allows users to optimize capital efficiency. From there, users can get multiple yield sources at the same time with Bastion Protocol. For example, you can deposit stNEAR, providing liquidity for the stNEAR-NEAR pair. After that, users can get multiple yield sources such as: Metapool's META token, Staking yield, APR deposit, LP APR, BSTN farming reward for lending products and stableswap at the same time.

Steps to Leverage Near Reward on Bastion
  • Burrow Cash
    Currently, the project is opening liquidity mining for the BRRR token. You can deposit and borrow to farm BRRR tokens.

    I also use the project and use the looping strategy (deposit and then borrow, then continue to deposit and repeat) to optimize capital and farm out a lot of $BRRR tokens.

  • Aurigami

    Aurigami allows stNEAR to be used as collateral to borrow other tokens. They announced a partnership with Multichain and continue to increase the reward for the USDC lending and borrowing pool.

3. AMM DEX

  • Ref Finance

    Ref Finance has reached 120 million TVL in the past week (mainly due to NEAR price increase).

    The project also launched a number of new pool farms including: NEAR-SOL, SKYWARD-NEAR and NFT ASAC staking.

  • Trisolaris

    The top DEX exchange on Aurora successfully raised $ 4.5 million from many large investment funds such as Jump Crypto, Electric Capital, Dragonfly Capital. With the funds raised, Trisolaris will apply veNomics, develop stableswap on Aurora in the future.

CONCLUSION
Near ecosystem is very active with continuous updates of projects in many areas. We have a lot of opportunities for passive profit in Near's ecosystem. Above are some projects that I have researched. You can consider and make your investment decision


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