Some Common Methods When it Comes to Earning Crypto Passive Income - High-risk products and Launchpools

High-risk products

Unlike flexible savings and fixed savings where you need to deposit funds to start earning interest based on the interest rates and APY, High-risk products work a bit different but still very similar because it is also another way to earn passive income on the Binance exchange platform.

Like the name says, high-risk which means that it is more risky that savings but has higher profit returns. For me as a conservative investor, I always try to stay away from high risk products because of the high risk involved even though there is a chance of earning more profit returns than saving in fixed savings or flexible savings.

At the moment, the Binance exchange offers a variety of options in the high-risk products section. The 3 options available are defi staking, dual investment and liquid swap. DeFi staking on Binance is all about staking and earning the highest possible returns by participating in DeFi staking projects.

Dual investment is all about locking your cryptocurrency asset in the available yield and earning yields based on the two assets. Simply put, dual investment on Binance is a two-asset yield aggregator which enables any investor to earn no matter the direction the market goes. Liquid swap on Binance is simply all about liquidity pool. What this means is that you can earn returns by becoming a liquidity provider.

Launchpools

Anyone who has been part of the DeFi space already know what farming is all about. Farming is a very important aspect of staking in DeFi where anyone can earn new tokens as returns. Simply put, farming in the Binance launchpool allows anyone to farm another token with a selected cryptocurrency.

The launchpool on Binance only allows farming with BUSD and BNB to earn TLM token in return. To participate in the launchpool, all you have to do is to headover to the launchpad section on Binance and selecting the asset you want to farm with. Note, both launchpool have their different APY, BUSD has the highest APY but I like BNB a lot because of the possibility of BNB increasing in price, so for instance, one can choose BNB pool and stake to earn TLM token or any other token available to earn in the pool.