The DeFi Chronicle: How I plan on earning over $1,200 in passive income from DeFi this month
After spending months on CeFi and DeFi platforms, I am challenging myself to earn a 5% monthly interest rate on a portfolio blended between conservative and aggressive options. My goal is to earn high returns while preserving my principle and controlling transaction costs.
Last year I began earning passive income with my crypto via centralized platforms like Nexo, Celsius, and BlockFi. All three platforms have provided me with mixed experiences and overall I am happy with my results. I decimated my high yield online savings account (0.40% APR) and have established a nice crypto portfolio from dollar-cost averaging. As the crypto space has progressed, I have ventured into decentralized finance with mixed results.
My entire crypto portfolio is mixed between aggressive/speculative, mid-range, and conservative investments. I am the judge of these risk levels and it is completely subjective. Keep in mind that my strategy is a work in progress and has changed and will probably change further. Also, this is not financial advice and I am not a financial advisor. This is based on my experiences and risk tolerance.
My goal over the next 30 days is to make over $1,200 on less than $24,000. I want to be open to the appreciation of my initial capital…
