How to Make Passive Income with DeFi (Decentralized Finance)

The promise of cryptocurrency is its ability to enable anyone with the internet to make payments literally from anywhere cheaply and without the need of a centralized bank. It’s completely trust-less without boundaries. Decentralized Finance (DeFi) takes this concept even further, enabling anyone with the internet to have traditional financial products, like savings accounts, insurance and loans, but with far greater liquidity and seamless automation. Now imagine all that, plus yields that are dramatically larger than anything a typical bank can offer today, and you can see the potential money one can make.

A New World

The world of cryptocurrencies is growing at a fierce rate. What started off as an innovative digital payment system with the advent of Bitcoin, has turned itself into a whole industry of its own. Today, the cryptocurrency space exists as a vibrant ecosystem of traders, investors, speculators, and domain specific roles. The consequence of this rapid development has equipped cryptocurrency holders with different options through which they can earn sizable passive income.

One of the most popular and rapidly growing domains in the cryptocurrency space these days is DeFi. DeFi is short for Decentralized Finance, which is basically an amalgamation of trust-less, programmable…