Lark Davis: 5 Money Making Crypto Coins
- Analyst Lark Davis gives his take on coins that give returns to their holders in real hard currency eg dollars and Ethereum.
- In this bearish market, Lark Davis states some of the crypto tokens/crypto coins can either turn bearish or drop down to zero.
‘Show me the money!’Lark Davis gives out a list of coins/ tokens that really generate revenue for the holders of the token. Lark Davis also warns investors in this crypto winter period where risks are high and either of these coins can either turn bullish or continue declining. Some of the coins stated are;
JOE TOKEN: One of the Decentralised exchange giants in the Avalanche Network offers a staking range of 15%-30% in the past few months paying the stakers in USD. Holders of this token earn by sharing platform fees with the token holders with stakers receiving 0.05% of the fees.
GMX: Running on the Ethereum layer 2 Blockchain, the unrelenting decentralized exchange has staking rates of over 20%.GMX rewards pay their holders in either GMX tokens, AVAX, Ethereum (ETH), or via Abitrum. The cash flow of rewards has remained constant despite the bearish market.
AAVE: One of the biggest protocols in Defi recently announced that it will be paying 100% fees to stakers of the AAVE tokens. It has proved to be a big player in Defi by attracting impressive amounts of capital to its platform.
CRV: Coming 5th in the Defi protocol, Curve Finances, A platform where one can swap between stablecoins. Curve tokens can be locked up in a platform called Convex Platform where holders can earn CRVtokens, CRV tokens, and 3curve LP tokens paying off in dollars. When Staked in convex, rewards increase to 18% in CRV and CVX tokens rewards. The holder can also decide to lock the CVXtokens in the Curve finance platform earning only 3 LP tokens.
SNX: Running on the Ethereum Layer 2 Blockchain, SNX rewards are paid out in SNX tokens , Synthetic dollar(SUSD). More can be earned if you further push the rewards over to Curve Finance where the rewards can earn a bonus of about 5% Annual Percent Yield (APY).
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