Passive income

How to Earn Passive Income With Crypto: AscendEX Offers up to 100% APR – Business Insider

Summary

Shane Molidor is the head of business development at AscendEX, which recently raised $50 million.
He shared the two major trends on his radar and his price outlook for bitcoin and ethereum.
He also explained why the firm is looking to grow its “Earn” product, which generates high APRs. 

After three years of working as a technology consultant, Shane Molidor was interviewing with venture capital firms when he was put in touch with Cameron and Tyler Winklevoss.

The Winklevoss brothers were…….

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  • Shane Molidor is the head of business development at AscendEX, which recently raised $50 million.
  • He shared the two major trends on his radar and his price outlook for bitcoin and ethereum.
  • He also explained why the firm is looking to grow its “Earn” product, which generates high APRs. 

After three years of working as a technology consultant, Shane Molidor was interviewing with venture capital firms when he was put in touch with Cameron and Tyler Winklevoss.

The Winklevoss brothers were in the early stages of starting their crypto exchange Gemini and looking to boost their team, which had less than 10 full-time staff at the time. Molidor, who was already intrigued by blockchain technology, jumped at the opportunity. 

Since then, he has gone all-in on crypto and even moved to China to join the digital asset hedge fund FBG Capital before taking on his current role as the global head of business development at AscendEX.

Shane Molidor is the global head of business development at AscendEX.


AscendEX


Molidor said he joined the crypto platform because it is seeking to be more than just an exchange. On AscendEX, investors can not only buy and sell cryptocurrencies but also participate in lucrative staking, decentralized yield farming, and


liquidity

mining activities. 

“If you think about all the cool opportunities that exist in crypto, all these ridiculous returns on investment or APR percentages that can be generated,” he said in an interview. “Really, it’s just the sophisticated investor that’s getting access to that.”

While venture capital investors, trading desks, and hedge funds scramble to exploit the arbitrage opportunities in decentralized finance, retail investors are often left in the dark due to the complexity of and barriers to executing those strategies. That’s why the team behind AscendEX built its “Earn” product, an automated yield-generating strategy that combines staking, DeFi yield farming, and liquidity mining. 

“Our goal is we don’t care how complicated it is, we are going to do all the work for you,” Molidor said. “All you have to do is store the assets within your wallet, click one button, and you start earning.”

How to earn up to 100% APRs 

Both staking and DeFi yield farming are ways for investors to lock up their cryptocurrencies and get rewards in the form of tokens for doing so. In staking, crypto investors are using their funds to validate the transactions and blocks on the networks. In yield farming, traders deposit their tokens on DeFi platforms to provide liquidity. 

While staking usually provides single- to double-digit annual percentage rates, yield farming can generate triple- or even five-digit APRs. For example, among the 70 crypto assets on the AscendEX platform, staking Clearpool (CPOOL) and …….

Source: https://www.businessinsider.com/how-to-earn-passive-income-staking-yield-farming-liquidity-mining-2021-11

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