You can make passive income through staking 

 a process that powers transactions 

Certain decentralized blockchains work by choosing computers on the network to validate and record transactions. Validators are rewarded with crypto. 

In order to be a validator, you need to own the native crypto associated with the blockchain and "stake" it by locking it into the network.  

 The philosophy of staking 

 guiding human behavior with incentives 

Decentralization means there's no central authority to enforce network participants to act in good faith when validating transactions. In lieu of having a "big brother" watch dog, proof of stake networks incentivizes those who act accordingly with crypto rewards and punishes bad actors by taking their crypto. 

This is why you need to own crypto to be a validator - you need to prove that your interests are aligned with the best interests of the network.  

 the easiest way for beginners to stake 

 crypto is through centralized exchanges 

Centralized exchanges like Coinbase and Crypto.com offer staking rewards for certain cryptos with a few clicks. All you need to do is buy crypto's with staking options supported by the exchange. 

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Rewards vary and are determined by different variables, but can reach as high as 20% APY for certain cryptos.

 decentralized finance (Defi) 

 replaces lenders with smart contracts 

DeFi provides people across the world access to open-source, transparent and permissionless financial services

The three leading DeFi lending and borrowing platforms - Aave, Maker and Compound - had a total market capitalization of about $8 billion as of Q4, 2021.

 overview of a defi platform: Aave 

 top level explaination of how it works 

Aave allows you to deposit and borrow 16 different types of cryptocurrencies while earning on your deposited collateral.

Different assets have different earning rates and borrowing power. 

Borrowed assets will accrue an annual interest that needs to be paid back when you’re done with the loan, but this accrual can be switched between a variable or stable rate.

 this is just the tip of the iceberg 

 there so many ways to generate APY 

And there's just not enough space or time to go over it all here. If you want to learn more about crypto staking, DeFi, and yield farming, get in touch - we're here to help!