Caged Beasts, Chainlink & Uniswap Are Making Your Money Work For You With Passive Income!
People often say that there is no such thing as a free lunch, well if you’ve ever been invited to Granny’s house, she isn’t happy unless you leave twice as much as the person when you arrived. In a way, passive income is the generous Granny of crypto; she doesn’t mind if you don’t call all the time, just as long as you’re eating your greens and your investment portfolio bolstered by proof-of-stake rewards; thanks, Gran.
Decentralized finance (DeFi) has always been ripe for innovative platforms and mechanisms to enable individuals to explore new avenues for earning passive income, but what is passive income, and can it help you? This article will compare and introduce crypto projects Chainlink (LINK), Uniswap (UNI), and Caged Beasts (BEASTS) and how they save you time and money.
How Passive Is It?
Passive income is the holy grail of any busy bee who doesn’t have the time to dedicate their life to crypto or an enthusiast concentrating on other projects. Passive income helps the investor to generate earnings with minimal effort or direct involvement from the investor. Two of the most popular forms of passive income are staking and referral programs.
Staking involves receiving rewards for holding a particular cryptocurrency in a digital wallet to support the network’s operations and secure transactions. A referral program is a community-building exercise that helps reward the investor and grow trust within the investor pool by sending a unique code.
Chainlink Reaction
We are all searching for reliability and security; it’s hardwired into our psyche; the problem is how do we find it? The decentralized Oracle network Chainlink offers a way to link external sources and ensure a safe data transfer to optimize functionality, so we can all relax, sit down and have a cup of tea.
From a passive income perspective, Chainlink allows node operators to earn rewards for maintaining the network’s integrity. By staking LINK, the native cryptocurrency of Chainlink, individuals can participate in the network as a node operator and receive regular rewards. These rewards are a testament to the importance of Chainlink’s infrastructure in the DeFi ecosystem and provide a means for individuals to earn passive income while supporting the network’s operations.
Uniswapsies
Don’t worry; Uniswap isn’t a university foreign exchange platform for your holidays; it is a decentralized exchange (DEX) protocol that is built on the Ethereum blockchain. Uniswap trades cryptocurrencies using an automated market-making (AMM) model, relying on liquidity pools and smart contracts to facilitate trading.
Regarding passive income, Uniswap presents an enticing opportunity through liquidity provision. Users can contribute their cryptocurrency assets to liquidity pools, earning fees generated by trades executed on the platform. These fees are distributed proportionally to liquidity providers based on their share in the pool. By participating in Uniswap liquidity provision, individuals can earn passive income while contributing to the platform’s efficiency and liquidity.
Beastly 20% Bonus!
Caged Beasts have created a meme coin fever pitch of investors ready to enlist with these mutated creatures in preparation for its presale. Caged Beasts are founded on the Ethereum network and look to create a collaborative community of DeFi enthusiasts to propel their project to its meme coin potential.
Before the scientist Rabbit 4001 releases these beasts on the crypto world, you should look at their referral program, which offers a 20% bonus to both the referred investor and the investor who referred them. In a unique and bold move, Caged Beasts have created a two-way passive income option to help grow its community.
The Caged Beasts referral program marks a new beginning in the world of crypto, giving a clear sign the development team behind the new project sees passive income as a priority. When an investor passes on their unique code to a new community member, it also marks a unique opportunity to increase profit margins.
Passive income has always been compelling for investors who transverse multiple projects, and with the advent of DeFi platforms like Chainlink and Uniswap, individuals now have more options than ever before.
The beautiful thing about DeFi innovation is that there is always one project that takes it a little further, and Caged Beasts seem to be making a new norm for us all to enjoy.
To find out more about Caged Beasts and to sign up for its early presale prices, check out the links below:
Website: https://cagedbeasts.com
Twitter: https://twitter.com/CAGED_BEASTS
Telegram: https://t.me/CAGEDBEASTS
