Trust Wallet Token

What is Trust Wallet?Trust Wallet is safe, secure and easy to use multi-chain wallet, capable of storing over 3,000,000 different types of digital assets including NFT&#39;s accross 65 different blockchains.As well as this, you can natively buy, swap and stake your crypto in-app making it even easier to for you to manage your assets and with the built-in DApp browser, connect to all your favorite decentralised applications on the go. It truly is THE one-stop-shop for all your crypto needs.Don&#39;t have Trust Wallet App yet..? <a href="https://rebrand.ly/CMCGravityArticles" rel="noopener noreferrer nofollow">Download here!</a> Earning Passive Crypto Income: Here’s HowBefore we take a look at the five different ways that you can earn crypto passive income with Trust Wallet, it’s important that you consider the amount of money (and effort) you want to invest.Some passive income opportunities are more capital intensive than others, while some require more research and effort than others.Also, remember that cryptocurrencies are susceptible to strong market corrections. If the price of the particular asset you’re HODLing falls, it can eat into the percentage of the passive income earned.Below are the five different ways that you can earn passive crypto income with Trust Wallet.<h3 id="staking">Staking</h3><img src="https://academy-public.coinmarketcap.com/optimized-uploads/3936cc632a404242887a4e0b12ff40f7.png" />One of the most common ways that you can earn crypto passive income with Trust Wallet is through <a href="https://trustwallet.com/staking" rel="noopener noreferrer nofollow">staking</a>.<blockquote>Staking allows crypto holders to earn passive income (in the form of staking rewards) for locking up tokens to support the consensus protocol of a crypto network.</blockquote>In a sense, staking is akin to putting your crypto into an interest-bearing savings account, except that it pays out in crypto — not in fiat currency.Many leading crypto networks deploy a consensus mechanism based on the Proof-of-Stake protocol, where network validators stake tokens to secure the network and verify transactions. As a reward for helping to maintain the integrity of the network, validators (stakers) receive a share of the block reward.Staking is a good way of making your cryptoassets work for you as they generate income instead of just sitting in your wallet. Moreover, by staking, you are also able to contribute to the efficiency and security of the blockchain projects that you support.Trust Wallet currently supports in-app staking for six different cryptocurrencies. namely BNB, Kava, Cosmos, Algorand, Tezos, and Tron. However, more staking options will be available in the near future!<h3 id="defi-lending">DeFi Lending</h3><img src="https://academy-public.coinmarketcap.com/optimized-uploads/bff694d67ea14d24a1bea4cca8bc77ca.png" /><a href="https://trustwallet.com/blog/defi-lending-how-to-earn-interest-on-digital-assets" rel="noopener noreferrer nofollow">DeFi lending</a> is one of the most popular use cases in the fast-growing DeFi market. By taking part in DeFi lending, you can lend your crypto to others and earn interest. Leading DeFi lending protocols that you can access directly in Trust Wallet include Aave or Compound.DeFi lending works in a similar manner as lending works in the traditional financial markets. The key difference is that the decentralized applications (as opposed to financial intermediaries) match borrowers and lenders via smart contracts, and no credit checks are required.Compound, for example, is a leading decentralized lending platform that enables you to loan your assets in decentralized lending pools. When a borrower takes out a loan, they pay interest. All lenders receive a distributed share of interest as an incentive to stake their tokens thus providing liquidity. Interest rates vary as they are based on supply and demand.The Trust Wallet app allows you to seamlessly access a range of DeFi protocols - including Aave, Compound, and CREAM - should you choose DeFi lending as your way of earning crypto passive income.<h3 id="providing-liquidity-to-automated-market-makers-amms">Providing Liquidity to Automated Market Makers (AMMs)</h3><img src="https://academy-public.coinmarketcap.com/optimized-uploads/6594b9612b5e4ad294da43fe4557dc28.png" />Another excellent way to earn crypto passive income is by providing liquidity to automated market makers (AMMs).<blockquote>AMMs are decentralized trading pools that match buyers and sellers using smart contracts. As an incentive to add liquidity (by depositing tokens) in a trading pool, liquidity providers receive a share of the trading fees plus governance tokens.</blockquote>Uniswap’s launch in 2018 saw it become the first decentralized platform to successfully make use of the automated market maker (AMM) protocol. On Uniswap, users are able to exchange one ERC20 token for another without needing a third party.What’s more, it allows anyone with Ethereum tokens to earn passive income by contributing liquidity to a pool and earning a share of the trading fees.<h3 id="yield-farming">Yield Farming</h3><img src="https://academy-public.coinmarketcap.com/optimized-uploads/8f5291d962014d438d6ba981aed0527b.png" />Yield farming is another way of earning crypto income using Trust Wallet.<blockquote>The process of yield farming involves providing liquidity to decentralized lending or trading pools to receive liquidity pool tokens that are then staked in a yield farm to earn an additional yield on top of your liquidity pool fees.</blockquote>Using Trust Wallet, you can access a wide range of <a href="https://trustwallet.com/blog/top-5-yield-farms-on-bsc" rel="noopener noreferrer nofollow">yield farms</a> on Ethereum, Binance Smart Chain, and other blockchain networks to find the highest yields in the market.While yield farming is arguably a very risky way to earn passive income in crypto, it’s also one of the potentially highest-paying.<h3 id="nft-farming">NFT Farming</h3><img src="https://academy-public.coinmarketcap.com/optimized-uploads/57963e30c0a0424c9834e8a73e8ee179.png" /><a href="https://trustwallet.com/blog/nft-farming-where-defi-yield-farming-converge" rel="noopener noreferrer nofollow">NFT farming</a> is a developing concept that involves staking NFTs for a reward or staking tokens for an NFT as compensation.NFT farming functions in essentially the same manner as yield farming, with the main difference being that the former involves NFTs as either the staked token or reward.NFT farming builds liquidity and utility for NFTs that would otherwise just be sitting idly in your wallet.To NFT farm using Trust Wallet, you can use the in-app DAppbrowser or WalletConnect to access NFT farming DApps with the click of a few buttons.Similar to “traditional” yield farming, this is one of the riskier ways to earn passive income in crypto. So it’s best to only risk as much as you can afford to lose.

How to Earn Crypto Passive Income with Trust Wallet

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