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The Defi Chronicle: How I plan on making $1100 again in passive income from DeFi this month
Last month, I challenged myself to earn a 5% passive return in a month from DeFi. My goal was to make $1200 from $24K invested. Depending on how you look at it, I either exceeded or came close to hitting my goal. If you are interested in reading last month’s article, please click here.
Today, we are going to review results from last month and I am going to share my strategy to earn as close to 5% as I can this month. Keep in mind that getting returns like this involves high amounts of risk. I am not recommending any of these investments! This is strictly to share my strategy.
Reviewing last month’s goal
Last month, I focused on spreading risk and controlling my costs. I wanted to focus on Ethereum alternatives because even then I thought that ETH gas fees were high. Today, gas fees are higher than one month ago.
To review, here were my projections from last month. I was lending USDC on lending.unfederalreserve, staking BNB on Trust Wallet, staking and harvesting (daily) Koge on Kogefarm.io, and I had 100 Drip in my Drip.community Faucet.
Below are the results from my investments. I want to point out that I sold my Koge position when it had a 60% profit. If I had held my Koge position, it…
