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A new DeFi project, Pullix, has launched several passive income opportunities that are set to put Ethereum and Lido DAO’s staking option out of business. Let’s see what makes Pullix’s passive income opportunities better.
24% of Ethereum (ETH) in Circulating Supply Are Staked
Since Ethereum (ETH) transitioned to the Proof-of-Stake concept, there has been an increase in the amount of staked tokens. About 24% of Ethereum in supply are staked, while 76% are unstaked.
According to data from Coinbase, Ethereum’s current reward rate stands at 2.81%. This means that those who stake Ethereum earn about 2.81% if they hold the asset for 365 days.
Unfortunately, this figure is not stable and fluctuates over time. In addition, the staking time required before investors can access their assets is too long.
Moreover, Ethereum’s price performance has been poor in the past month. The DeFi token fell from a monthly high of $2,710.42 to a low of $2,297.91. Yet, Ethereum remains the 2nd largest cryptocurrency by market cap.
Lido DAO (LIDO) Charges 10% on Staking Rewards
Lido DAO (LIDO) is well-known for supporting Proof-of-Stake cryptocurrencies such as Ethereum and offering a liquid staking solution. Although Lido DAO’s liquid staking has increased over time, there are still certain issues with it.
First, a 10% fee for staking rewards is applied by the protocol. The Lido DAO splits this charge with node operators. Additionally, there has been a security breach on the Lido DAO platform lately that puts user assets at danger.
The weekly and monthly price charts show decreases in the Lido DAO price, which is currently trading between $2.77 and $3.20. On the annual price chart, it is up 30.8% nevertheless.
The Lido DAO RSI rating is 45.67 at the moment, meaning that the DeFi token is in an equilibrium position. However, experts have projected a possible rise to $4 in the coming months.
Pullix (PLX) Passive Income Feature Creates Buzz in the Crypto Community
Pullix (PLX) is a versatile hybrid trading platform that supports the trading of various assets. Central to Pullix is its native PLX token, which is integral to all transactions on the platform. PLX tokens are awarded to traders on Pullix who meet certain trading challenges and close deals. Furthermore, the PLX token has a revenue-sharing function that lets token owners get a cut of the platform’s daily profits.
Token holders can also contribute liquidity to Pullix’s automated market makers, which will yield additional passive revenue. This guarantees them prizes and a reliable stream of money. Pullix does not require KYC and allows the use of cryptocurrency as trading collateral. With just an email address and a wallet to fund their accounts, users can trade anonymously.
Additionally, the DeFi project offers multi-currency staking, which enables users to stake different cryptocurrencies including Dogecoin and Bitcoin. Pullix features a UI that is simple to use and intuitive, in contrast to other exchanges. Because of this, users without technological expertise can use it.
Pullix costs $0.10 at its seventh presale stage right now. As acceptance increases, market experts predict another 150% gain during the presale period. But that’s not all. In Q1 2024, Pullix’s PLX token is expected to offer investors a 40x return on investment for the DeFi token.
Final Thoughts
While Ethereum and Lido DAO’s staking rewards are enticing, they are nothing compared to the passive coming opportunities offered by the DeFi project, Pullix. Pullix offers users a transparent and secure platform where they can earn passive income daily.
For more information regarding Pullix’s presale see links below:
Visit Pullix
*This article was paid for. Cryptonomist did not write the article or test the platform.