Just at the start of living off crypto really, and not exactly how it was planned. But I think I can make it work, just need to balance the risk profile and find ways to avoid selling my initial capital. I think better to focus on the more secure projects, and keep this as a fun one. DCA, plus compound and see what happens, rather than rely on it.
Thanks for the input.
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I'm looking at ways to improve my passive income via crypto as well and just set up a farm on CubDefi actually.
What's your favourite passive income source at the moment?
I got into AKT back when you were doing that but moved everything out a little while back. I did OK there but the recent dip essentially killed any profit.
Now I'm more interested in generating income streams rather than relying solely on growth.
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Favourite passive income currently is Osmosis LP's, for sure. UST/OSMO limits both the risk and the upside, as the stable pairing provides stability. Most of the Cosmos assets are fairly price co-related, so IL isn't a huge consideration. ATOM/OSMO, LUNA/OSMO, and a few other pairs are all in my long term plans.
I just dropped a new post, about JUNO. Worth a look for another place to build income.
AKT has been disappointing tbh. I still have a bag, but some founder and VC unlocks have really hurt it. There is another unlock in march, so I'm not bullish short term. But they do have some new things on the horizon that could turn it around.
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