ETH has collapsed for much of 2022, which doesn’t make it a bad investment. There are several ways to make money passively using the ETH tokens you already have without much effort. Here are the three best strategies you can start using today.

Staking

Proof-of-stake (PoS) is the consensus mechanism used on the Ethereum blockchain. Unlike proof-of-work (PoW), where nodes use considerable resources to validate transactions, proof-of-stake involves locking your ETH tokens on the network. By doing this, you become a validator, similar to a miner.

And just like a miner on a PoW network, the reward consists of newly issued tokens. Therefore, you can earn ETH simply by locking your chips for a certain period without any effort.

For now, it takes at least 32 ETH to become a stalker on the network, but you can also join a pool where you can bet much less ETH while receiving the rewards. Most exchanges offer Ethereum staking.

READ MORE: Is Solana a real “Ethereum Killer”? Comparison and perspectives

Lending

Did you know that you can also lend ETH tokens and earn interest? Many platforms have been created to make lending and borrowing cryptocurrencies easier to take advantage of unused ETH in people’s wallets.

All you need to do is identify one of these platforms and deposit your ETH tokens. Centralized platforms like Blockfi handle all backend services, so you don’t have to find borrowers yourself. Decentralized platforms allow you to choose a borrower and set your terms.

READ MORE:

Liquidity mining

It’s similar to the loan, except you deposit a liquidity pool rather than an individual here. A liquidity pool allows DeFi projects to operate by providing the liquidity needed to handle sell transactions.

Metamakerz develops its platform on the Polygon Blockchain.

Concretely, the project will allow users to access 3 complementary functionalities:

🔹NFTs and Fractional

🔹Pools The Scholarship

🔹Program The Liquidity Mining System 

When you deposit ETH into a liquidity pool like, for example, on Uniswap, you get a portion of the transaction fees charged to users.