Tokenized Human
@tokenizedhuman
keep your fingers in a lot of passive income pies.
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Reeeny
@reeeny
I need examples!!!
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Tokenized Human
@tokenizedhuman
Books, music, and crypto are pretty good current passive income streams. You want something that needs little to no management, draws income at above inflation levels, and preferably with the underlying asset increasing in value concurrently. Property can be another but requires a capital investment of money instead of time, and isn't always entirely free of work. On a more figurative level, and not necessarily measuring the income in economic terms, YOU yourself can be a very good passive income stream.
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Reeeny
@reeeny
Oh sorry, I should have been more specific, that I want specific examples as in "provide liquidity here" and/or "buy NFT of this". I have property and own a bit of crypto. Best NFT for passive income is "Mutant Cats" (we have one member with almost the same PFP as you) Best LP has been through a friend of mine who manages concentrated liquidity pools for a DAO we both put money in.
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Tokenized Human
@tokenizedhuman
In terms of crypto, which I would only recommend as an additional passive income stream to compliment other, much safer passive income streams, there are many. DYOR of course, but I would recommend rEth for a staking return on your eth and caching $PRIME for an almost certain airdrop in prompt at wayfinder (i say almost certain because this is crypto). I don't but you can lend Parallel Alpha cards through bonds for a small return and Hytopia Worlds (previously NFT Worlds) and associated avatars can be staked for a daily return in their erc20 token. Those are the projects I know about and am or have been invested in. LP'ing is tricky because of impermanent loss and needs active management. Crypto in general needs a lot of active management which is why rEth is proabably the best option for a return. Outside of that, write content. Seriously. Books are incredible long term passive income stream generators. Please check all links and don't invest what you can't afford to lose. ETC.
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Reeeny
@reeeny
Thanks! I have stETH (which should be fine as well). I also have staked Solana. Liquidity Pools are indeed risky, but the daily claim is so much fun...I love that part of crypto. In regards to parallel: as I am a mod for AegirTactics (card game), I want to be as loyal as possible. And books or writing doesn't work for me...I am to flimsy (if that's how you say it in English)
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Tokenized Human
@tokenizedhuman
I would go reth instead of steth to help keep staking distribution as decentralised as possible.
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Reeeny
@reeeny
Thanks. Any disadvantages? I always put 30% of my wins away to park, so next batch could be reth.
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Tokenized Human
@tokenizedhuman
Not that i can think of @benido any disadvantages to rEth?
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