Move Over Yield Farmers, There’s a New King of Passive Income on the Block
Passive income seems to be what everyone is talking about in the DeFi world. Lately, we’ve seen a lot of chatter about yield farming as an effective way to generate passive income.
But, with any popular trend in crypto, malicious actors tend to muck up the confidence in projects. You may have already heard of some less than transparent projects pulling rugs on everyday users and famous investors alike.
Yield farming returns, though, are destined to pull back. As it gains popularity, returns will fall.
That’s why the smart money is going into static reward models rather than yield farming schemes.
One amazing project set to revolutionize this space is Gain Protocol.
What is Gain Protocol?
Gain Protocol is a BEP-20 token built on the Binance Smart Chain. The project offers static rewards for holders and the potential for massive payouts through daily sweepstakes drawings.
With Gain Protocol, the goal is to put holders first. They offer users a safer and easier way to get involved in trading and start accruing gains.
At the heart of the project are seven foundational protocols that help holders earn passive rewards, enjoy stabilized pricing and build a community around the project.
How the Project Handles Passive Rewards
At the heart of Gain Protocol is their passive rewards model. It works like this: with every seller transaction on the network, a portion of the fees gets redistributed automatically to holders.
Essentially, when users make a transaction on Gain Protocol, they are paying each and every other holder to help the sale go through. Every transaction improves holder rewards and incentives holders to interact with the protocol.
Other projects utilize a flat 10%-20% fee. With Gain Protocol, a 3.5% fee on both sides of a transaction exists. This gives people more of a chance to interact with Gain Protocol without dealing with exorbitant fees.
It also means that more passive rewards funnel into holder wallets.
Sweepstakes in Gain Protocol
If static rewards are one side of the passive income coin, the sweepstakes function in Gain Protocol is the other.
Much like static rewards, holders don’t have to lift a finger to be a part of daily drawings. In total, the team had developed seven opportunities to win big. Again, the pool for the sweepstakes drawing comes from transactions using GAIN.
The sweepstakes categories are pretty ingenious and interesting. They have sweepstakes for long-term holders and newbies alike. All in all, Gain Protocol has made it easy to win big no matter how much, or how long you’ve been holding GAIN.
Conclusion
Looking at Gain Protocol, you can see why so many people are hyped about the project. It offers a unique approach to static rewards that puts the power in the hands of the people. The team does this by focusing on decentralizing several key industries.
Another factor is their dedication to the growth of the project. While the project already sports some impressive features, the development team is already planning on the upcoming features that will propel the project even further and put more GAIN in user wallets.
Additionally, the project is vetted by trusted names in DeFi like SolidtyFinance. The team is committed to transparency and honesty, a promise you won’t get from other projects on the block.
To learn more about Gain Protocol, make sure to visit their website GainProtocol.com.