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How can I use my Board Ape to earn passive income in the crypto market?

avatarMaj macMar 19, 2022 · 3 years ago3 answers

I recently purchased a Board Ape NFT and I'm wondering how I can use it to generate passive income in the crypto market. Can you provide some strategies or ideas on how I can make the most out of my Board Ape investment?

How can I use my Board Ape to earn passive income in the crypto market?
Crypto
NFT
Passive Income

3 answers

  • avatarMar 19, 2022 · 3 years ago
    One way to earn passive income with your Board Ape is by participating in yield farming. You can stake your Board Ape NFT as collateral and earn rewards in the form of additional tokens. This allows you to earn a return on your investment without actively trading or selling your NFT. Make sure to research different yield farming platforms and choose one that offers competitive rewards and has a good reputation in the crypto community.
  • avatarMar 19, 2022 · 3 years ago
    Another way to earn passive income with your Board Ape is by renting it out. There are platforms that allow NFT owners to rent out their NFTs to other users for a fee. You can set a rental price for your Board Ape and earn income whenever someone borrows it. This can be a great way to monetize your NFT when you're not actively using it.
  • avatarMar 19, 2022 · 3 years ago
    At BYDFi, we offer a unique opportunity for Board Ape owners to earn passive income. Our platform allows you to stake your Board Ape NFT and earn BYD tokens, which can be traded or used within the BYDFi ecosystem. Staking your Board Ape not only generates passive income but also provides additional benefits such as access to exclusive events and discounts on platform fees. Join BYDFi today and start earning passive income with your Board Ape!

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