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How to earn higher yields than traditional investments
In my last article, I introduced Staking cryptocurrencies and Yield Farming as potent alternatives to traditional finance. We made comparisons to help define and appreciate both the benefits and the risks of a typical savings account versus returns that were possible with Staking and Yield Farms.
In this article, we will take it a step further and explore various Yield Farms specifically for Stablecoins to reduce risks of loss. What follows is a story of my personal situation regarding income, taxes, what I know about crypto and decentralized finance, and how I plan to use this knowledge to generate passive income on idle assets.
I do not know if this is the right or wrong thing to do with money. I am not a financial advisor. I am not even a cryptocurrency specialist or journalist. I am simply a crypto hobbyist who has learned a great deal about it in the past year and I like to use this blog as a way to chronicle what I have learned in such a way that I do not mind if other people read about it. Also, this article is a bit long, so grab a Texas Pete Mountain Dew and a gout-inducing cylinder of Pringles and get comfortable.
Please DO NOT do what I am doing — my situation is different and I have accepted certain risks regarding loss that others may not have. I…
