4 Ways to generate passive income with LEO

in LeoFinance7 months ago

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While listening to LEO's AMA someone asked how can they make their Leo tokens work for them. That gave me the inspiration to make a list of ways you can generate passive income with LEO. Not all options listed are 100% passive but most of them required little to no work at all. The methods get a little more technical as the list goes on, and for the last one, you have to take into account the fees and the impermanent losses you may incur.

Curating content (APY around 15%)

Post rewards are divided 50/50 between the writer and the curators (People that upvote the post). The accounts that upvote good content within the first 24 hours get to keep a bigger slice of the curation rewards.
To maximize curation rewards you want:

  • Use all your daily voting power which regenerates 20% per day, usually 20% equal roughly 10 100% votes. I like to keep it around 70% that way I have 36h until my Voting power starts going to waste.
  • upvote on quality content in less than 24 hours after posting.

Leofi.io (APY 12.5%)

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You're too lazy to search for good content worthy of your upvote and want an easier way for your Leo tokens to generate passive income? Leofi.io is the answer for you then.
All you have to do is lease your LP tokens to someone who's willing to pay you for it. Go to Leofi.io and take a look at the current bids. Right now there are users offering a 12,5% APY for your LP. You are only lending your LeoPower, it is still yours and no one can sell them or take them away from you.
The best part is that you get paid daily for your delegation and you can cancel at any time. I don't like to recall my delegations earlier because I would be failing my commitment to the user paying for it but you're 100% free to do so with no consequences. Bear in mind that it takes 5 days for the delegation to return to your wallet.

Leo Miners (APY ??)

Leo Miners are tokens traded on Hive Engine that give you a chance to participate in an hourly lottery as long as you have them staked. To put it simply you have an eternal free entry while you hold the token. Since it works on a lottery system your APY depends on your luck.
If you want to learn more about the Leominers you can visit this post. That post is from 2019 before the Steem fork that created Hive so the links are outdated, use it only for the information, avoid clicking the links. If you want to buy Leominers nowadays you should visit Hive Engine

Liquidity providing (APY 90%)

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This option requires you to know how to use Metasmask on the Binance Smart Chain. It can also be done on Ethereum main net but the current fees on ETH are just too high for it to be profitable without investing enormous amounts.

Liquidity providing is simple but it can be scary for someone who's never interacted with a smart contract. You need to be willing to spend some time learning about how it works. If this seems interesting and you want to learn more about it, go for it. You won't regret it, there are tons of resources out there.

Assuming you have some experience with the Binance Smart Chain and you want to provide liquidity to the BLEO-BNB pool here are the steps:

Come back every now and then to collect your CUB rewards.
I oversimplified the liquidity providing section, if you need help with it let me know in the comments and I will do my best to help you.


Bonus content requested by @scaredycatguide

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Super informative, thanks for gathering all of this

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Nice post and options.

I like this one:

Leo Miners (APY ??)

I keep asking but I would love to have an idea about the LEO inflation coming from leo.miner delegations, standard inflation, miner inflation, curation rewards...

Also you can delegate to @hodlcommunity and get 13-16% APY net APY (paid weekly).

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Do we get Leo back for this delegation or other hive engine tokens?

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You get LEO back

You can also delegate your LEO Power to meowcurator for passive LEO income.

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Thank you for the tip, I was unaware of that option 😉

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The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.

Thank you for this highly educative piece. I immediately jumped onto Option 2 and delegated my idle Leo Power on Leofi.io.

Glad to help. I love delegating on there when I'm on vacation and unable to curate content manualy

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Good post and even better ending! LOL

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I am very mew,so this mostly reads like Greek to me. Is there a LEO for dummies post?

The meme you used at the end is perfect for #projectblank. I am a year older waiting for @khaleelkazi to announce this new project :P I need the shit posting platform way sooner.

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thank you for explaining the curation time window, I was unaware of that

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Thanks for this list of passive income opportunities on LEO. Good work.

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Awesome keep up the good work

How about LP on UNISWAP ?
I like those GEYSERS !

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Well, that option is quite expensive for most of us because of the ETH fees. It is only profitable if you have a lot to put in.

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There are 5 ways to earn and the other one is the easiest which is delegate your leo power to @meowcurator and they will do the voting for you so you can literally AFK and just gain the daily curation rewards instead of having to do them yourself. It's the most passive of them all.

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I didn't know about that one. Someone else also mentioned it. Always learning new ways to put our LeoP's to work 😉

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Too bad I just powered up the LEO I bought yesterday with a view to curating more and delegating more.
Next cycle I will look at the liquidity pool idea - keep up the learning is the game
Thanks for the guide

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For sure the CUB Finance has an appealing APY and the incoming IDO that will use only CUB for launch and the airdrop for PolyCUB will put some fire on the price as well. That's a gem yet to be polished!

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Let's hope we see both of them happening before the end of 2021. There are a couple more exciting things coming for CUB like the dex aggregator and the protocol locked value (I think that will be part of CUB too)

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thanks, I didn't know about leominers

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Thank you for the explanatio. Your information is clear and understanding. Is know I know what I'm doing in the system

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写的很详细,对于新人有很大帮助,第一天来平台,感谢各位大佬支持。

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Great overview of the options we have here to earn with our stakes. I honestly didn't even remember leofi. I have read it several times, forgot about it until you mentioned it. It may be something to consider for me :)

Thanks for sharing!

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I only have one question - wen LeoFi lending?

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Great write up on options you have with LEO. There's about to be even more making LEO one heck of a token to own and earn from!

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I will try all of them out
And I will like to learn about how the smart chain works pls.
It will an honor to learn from you
+2348139559372 that's my number on telegram

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Excellent post! Thank you for sharing these effective ways to make money through this platform. We know that Leo Finance is a social platform where users get paid for creating, upvoting, and interacting with crypto and finance content. Actually, I am also working as a make money advisor, So I believe there are lots of ways to earn money online, My friend suggest me this website https://casinosters.com/3-pounds-minimum-deposit-casinos/ where they shared some low deposit casinos in the UK that can be helping people to join these casinos without any risk and getting an opportunity to win money by playing different types of casino games online.

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