Although the bear market is challenging, there are still tons of opportunities to earn passive income with cryptos. Especially decentralized finance —still— offers amazing possibilities. Here are four ways to earn passive income with decentralized finance during bear markets.

Instead of providing a theoretical approach, I decided to make this post more tangible. Therefore, I’m using Dark Crystal as a reference to explain the different passive income approaches. However, the approaches are not limited to Dark Crystal. On the contrary, there are many other projects available that offer similar setups.

About Dark Crystal

Dark Crystal is one of the most promising projects launched recently on the CRONOS network. The project is a so-called “multi-token project” containing three tokens: $DARKCRYSTL, which is pegged to CRO (the main token of the CRONOS network), $MINE, and $DARKBOND.

Although the project launched just a couple of weeks ago, it already offers a wide range of services and possibilities to invest in. However, this approach will mainly focus on so-called “Nodes.”

#4 (Shockingly) Simple Ways To Earn Passive Income with Cryptos

1 - Stake your tokens and earn up to 6% daily!

Dark Crystal offers various opportunities to stake the project’s tokens or liquidity pools. Besides staking DARKCRYSTL, the project’s native token, you can go for five different liquidity pools (In case you don’t know how to create liquidity pools.

So here’s the important aspect: Depending on the token(s) you stake, you can earn up to 6% daily at the moment. That’s a pretty decent passive income!

##2 - Buy Nodes and earn 500% ROI
As one investment strategy, Dark Crystal offers so-called “Nodes.” Nodes can be seen as fixed income generators. Your initial investment is locked, and over time, you receive a 500% ROI. Usually, the nodes generate 2% daily returns — sometimes a bit higher, sometimes a bit lower. Accordingly, it takes approximately 250 days to receive your 500% ROI. (Do me the favor and compare this to your bank’s interest rates)

Similar to staking, Nodes are available for single tokens (Darkcrystl or Mine) and liquidity pools.

##3 - Mining DARKCRYSTL with 5% daily returns
And here’s the third passive income approach you can realize with Dark Crystal. Since DARKCRYSTL is an algorithmic-pegged token, you can “create” more tokens by staking MINE tokens. But, of course, you must acquire MINE tokens in the first step and put them into the so-called Darkroom.

At this point, your MINE tokens will start to “create” DARKCRYSTL tokens — as long as the price of DARKCRYSTL is higher than the price of CRO. This is an important aspect you have to bear in mind.

Currently, the daily APR is more than 5%. And since the price of DARKCRYSTL is well above CRO, it is likely to receive this high APY for quite some time.

As you can see in the screenshot, I’m earning almost $30 daily just by mining DARKCRYSTL.

##4 - Going Crazy with Vaults — Up to 1 Billion APY
And here’s the last approach to earning passive income with Dark Crystal. And actually, this is the craziest one. Dark Crystal teamed up with Magik to provide auto-compounding vaults to their users.

So what does that mean: With vaults, you provide liquidity to the ecosystem (so-called yield farming). Therefore, you have to deposit liquidity pools again. Currently, you can deposit three different liquidity pools:

• DARKCRYSTL — WCRO
• MINE — WRO
• DARKCRYSTL — MINE

And here’s the crazy part: Vaults have an auto-compound feature. That means they automatically add your earnings to your deposit to increase the subsequent profits. This is probably one of the most powerful features you will find in the crypto space.

By doing so, you can currently achieve insane APYs of more than 1 Billion!

Looking at a daily basis, the vaults generate between 2% and 4% returns. Therefore, even if you don’t plan to invest your money for a longer time, vaults generate a massive daily income.