| With enhanced knowledge and clarity, here is a walkthrough on setting up a long-term passive income system using DRIP, BR34P, and Animal Farm
I have written about DRIP Ladders before when I was introduced to Kelly Snook’s single article on using multiple wallets for DRIP. But so much as transpired since, in the DRIP ecosystem as well as the general crypto market, that I thought I would tweak my plan and reveal the “do’s and don’t’s” when setting up this type of multi-wallet passive income play.
I think this article comes at a perfect time when the hype is ramping up for the DRIP ecosystem. Perhaps this article will provide new and existing users into advanced DeFi structures as they map out their future with DRIP!
In this article, I will talk about:
- DRIP and the Max Payout
- “Good” Taxes and “Bad” Taxes
- What is a DRIP Ladder?
- How to set up a DRIP Ladder?
- Closing Thoughts
Author’s Disclaimer: This is not trade or financial advice. This information is being presented for entertainment purposes and represents the OPINION of the author. All trading and investing, whether real estate, stocks, or crypto, involves the risk of loss, sometimes greater than 100% loss. Do not trade or invest with funds you are not willing to lose. Please do your own research. Any reference to an investment’s past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit. Also keep in mind THIS IS A BLOG — NOT A NEWS STORY. This is like my diary of thoughts, and I consider it chronological.
DRIP and The Max Payout
DRIP pays 365% of what you deposit, but at a rate of 1% per day. The payout is derived from platform taxes on all transactions. In typical DeFi platforms, these platforms taxes usually line the pockets of its developers. However, with DRIP, this money is sent to a Tax Vault and re-distributed to investors. Users can further accelerate their…