Cryptocurrency Passive Income on the Binance Smart Chain
What are the top DeFi projects on this “ethereum killer” blockchain?
In 2021, the Binance Smart Chain (BSC) established itself as the premier blockchain for high-rewards staking and low gas fees. This double-whammy has generated great excitement among passive income crypto investors.
In this article, we’ll do a mathematical deep dive of some top passive income protocols on the BSC. These shall include single-token staking stables like CAKE (110% APY) and BUNNY (225%), along with some even-higher returning dual-token staking LPs like HOTCROSS-BNB (849%) and the ridiculous WINGS-BNB (12,000%+). For reference, the staple passive income vehicle of the stock market are dividend shares, which return 1–10% per year.
This is Part II of a series looking at high-compounding assets focusing on crypto investors. Today we’ll focus on auto-compound staking, where returns are given as APYs (annual percentage yield).
Part I is here for those who missed it.
A set of accompanying YouTube videos are here.
You may also be interested in why crypto matters and passive income across the entire cryptocurrency space.
