Survive a Crypto Bear Market: Passive Income with CoinDCX
Them Bear Market VIBEZZZ 🧸
So it seems the bear market has begun — Traders in Panic, Large Death RED candles, Alts on life-support, ETH in the dust & BTC being eaten by the bears. This is the sad reality currently…
Under all this stress, I am sure as an investor your portfolio must be down and if you had the misfortune to buy any of the coins at their TOP…i can just feel sorry for you.
The Next Plan-of-Action 🥷
I would absolutely say, EDUCATION, but you should also focus on PASSIVE INCOME.
Wait… What INCOME? Passive Income- an income that you earn while doing nothing at all. Sounds too good to be true? 🎺, it actually isnt!
Nothing much, just a CoinDCX account, some currency in your CoinDCX wallet & a smartphone. Yup, thts all 🚀
How does it work?
Very simple & straight-forward! First I will be talking about the CoinDCX Lend feature
So CoinDCX Pro has a Lend & Earn feature which is a blessing during crypto market downturns that we are witnessing currently…
Unique Selling Points of Lend & Earn:
- Choice of 41 assets
- APY ranges from 18.01% to 2.00%
- No Lock-in period
- No penalty charges for cancellation
- Lend for as little as 7 days & earn interest
What about Volatility?
Yes, I understand the concern of many, that in a bear market, prices of assets plummet fast and your investment might not yield the same value as per your calculation…but there is a super easy way to sort that out as well! How?
CoinDCX Lend also offers you a choice to Lend 3 stable coins on their platform
- USDT- 13.06%
- UST- 14.01%
- USDC- 9.50%
I feel the above rate of returns are simply superb. Imagine deploying ₹3,00,000 into Lending and you have no plans to cancel your lending in the near future — also for the sake of diversification, lets say we split our investment in a 50:50 split…
- ₹1,50,000 invested into USDT
- ₹1,50,000 invested into USDC
Then on a yearly based calculation, we are still able to earn 11.28% on your investment of ₹3,00,000/- which works out to — ₹33,840/- per year
The above is a Simple Interest Calculation! Imagine if you use the power on Compounding this figure Year-on-Year (YoY)
The total figure for a 5 year compounding investment would look as follow:
- Initial Investment: ₹3,00,000
- Total Interest gained (5yrs): ₹2,25,819.15
- Total Balance (5yrs): ₹5,25,919.51
Imagine all of this as a RISK-FREE income. No trading, no charts, no technical analysis, no Bull/Bear market…just simple financial goals.
There are absolutely more ways to earn passive income, through Yield Farming, DeFi Protocols, DEX liquidity pool, Hard Staking, but most of those protocols are super confusing for newbies & require high-level of working know-how.
On the other hand, CoinDCX Lends works in a few simple steps and keeps you stress free in a Volatile Market Environment.