The Best Passive Income Crypto: Caged Beast’ Returns Trumps Solana & Polygon Staking Yields

Published: Monday, June 26, 2023, 15:18 [IST]

Staking crypto assets presents a way to earn passive income from crypto, removed from the hustle and bustle of the crypto market. This article will explore the staking opportunities in the Solana (SOL) and the Polygon (MATIC) networks to find out the best passive income crypto.

The article will also look into the Caged Beasts (BEASTS) project, whose referral program has the potential to be a great staking alternative or even supplant staking entirely.

The Best Passive Income Crypto: Caged Beast’ Returns Trumps Solana & Polygon Staking Yields

Growing DeFi Potential Makes Solana a Top Staking Pick

Solana's claim to fame is its high-powered blockchain which has a theoretical capacity to process over a million transactions per second (TPS). The network also offers high scalability and a high degree of decentralisation. The high performance of the blockchain is attributed to its novel consensus mechanism, which is a combination of proof-of-history (PoH) and proof-of-stake (PoS) consensus mechanisms.

By using proof of staking, the network enables staking SOL with attractive returns. Staking SOL yields a good 5.5% annual percentage yield (APY). The network is also one of the most preferred choices for DeFi projects. A growth in DeFi would result in SOL's value going up which will, in turn, result in a climb in staking rewards.

Attractive Rewards Await Polygon Stakers

Polygon rose to prominence as its layer 2 introduced incredible improvements in scalability in the Ethereum network. The network's use of side chains and zero knowledge roll-ups which lightens the load on the blockchain and gives it its potential to handle high throughput. Another attraction that makes the Polygon dearer to investors is its low gas fees.

The use of staking algorithms gives Polygon its efficiency while also giving its holders a great referral option. The token offers attractive APY between 4 to 6.5% making it one of the best among cryptos that offer staking. Staking also improves the network's performance, and this will, in turn, increase the value of MATIC.

Caged Beasts: The Best Passive Income Crypto

Caged Beasts is currently in its presale and has introduced a unique referral program that offers lucrative yields as a method of passive income. With the Caged Beasts referral scheme, token holders receive a unique referral code that they can share with friends and family. When someone uses this code to make a purchase, the referrer instantly receives 20% of the deposited amount in ETH, BNB, or USDT directly to their wallet. The new investor also receives a 20% bonus of BEASTS.

The project's openness about its liquidity policy, with 75% of tokens reserved for presale and the remainder allocated for marketing efforts, instil confidence in the community. The Caged Beasts referral system offers a simple and accessible way for users to earn passive income by leveraging their network and promoting the project.

The Final Take

The potential of good yields from staking SOL and MATIC makes them great assets to hold. But the emergence of the Caged Beasts project could upset the equations in the passive income from the crypto space. The network's 20% reward yield trumps every other option in the market and positions BEASTS as the best passive income crypto.