Ethereum Lending: How to Make a Passive Income With ETH
As Ethereum 2.0 (ETH) gets ready or for launch, cryptocurrency enthusiasts are buzzing with excitement about the possibility of an ETH bull run. Of course, it’s too early to see a definitive answer and nothing is guaranteed in crypto but it’s never too early to start planning for a smart financial future. With Ethereum lending platforms, it’s possible to build a strong portfolio with your ETH and even make a passive income.
Are you an avid ETH HODLer?; Check out Ethereum lending platforms
If you’re an avid ETH HODLer, there is a lot more you can do than simply wait for the next ETH bull run. Using Ethereum lending techniques, you can put that ETH to work and help you obtain more capital to strengthen that portfolio. Not all ETH HODLers have unlimited supplies of cash to buy more ETH but now, you don’t need it.
An Ethereum lending platform lets you use ETH as collateral for a cash loan. You can then use this loan to buy more ETH. After paying back the loan, you get your ETH back as collateral even if it has increased in value. Then later, when ETH increases 5, 20, 50 or even 100% in value, all the fees from the loan are covered and everything is profit after that.
ETH lending platforms with savings accounts
Aside from loans, there are ethereum lending platforms with ETH savings accounts as well. This is a great option for those looking for safe, stable growth on their ETH deposit and helps one cover some of their losses during a month of consolidation or bearish market. There are a variety of platforms to choose from, each with different features like compounding interest, various payout times and of course, APR % rates. To get you started, here is a good recommendation.
Ethereum lending: Find the best platform for efficiency, price and convenience
As previously stated, there is a wide range of lending platforms but perhaps the best one is the financial technology platform YouHodler. They have many more features than just crypto lending but as far as rates, convenience, and efficiency, it really is the best platform for ETH holders.
Here, users can get an ETH backed loan with loan-to-value ratios as high as 90%. The highest percentage in the industry. This allows you to get the most value for your precious ETH so you can go buy more. In addition, it has an ETH savings account where you can earn compounding interest at 4.5% APR for ETH. There are also other tools to multiply ETH such as Multi HODL but perhaps it’s best to try the platform’s efficient ETH loans first and work your way through the rest.
There is still plenty of time before Ethereum 2.0 officially launches, so if you’re a passionate ETH HODLer, get started on strengthening your portfolio today.