The best way to grow your crypto portfolio is to put your existing assets to work.
So, while you keep hustling to increase your income, the money you’ve already made is also working to grow and compound itself.
The more money you have working for you, the less you’ll have to keep working in order to grow your wealth.
That’s why I want to share one of the best platforms where you can put your crypto to work and earn passive income daily — Biswap
Biswap is the second largest DEX on BNB Smart Chain (BSC) with the lowest fees among all DEXs.
With that out of the way, let’s explore the different ways to earn passive income on Biswap.
Below are the 4 simple and lucrative ways to earn passive on Biswap.
The Biswap Farms allow you to stake your liquidity provider (LP) tokens to earn BSW.
It’s a way to incentivize liquidity providers and encourage them to supply liquidity to selected trading pairs on the platform.
As of today (July 28, 2022) there’re about 80 different Farms on Biswap all with very lucrative APR.
To earn from any of these Biswap Farms, you need to provide liquidity into the corresponding pool and stake your LP token accordingly.
You’ll earn both the fees generated from trading activities in the liquidity pool as well as BSW from the Farm.
There’s no auto-compounding on the Biswap Farms, so you will have to harvest your BSW rewards manually and sell or add to the liquidity pool to compound.
The Biswap Launchpools allow you to stake a token to earn more of the same or additional tokens.
There are two different Launchpools on Biswap.
- Stake BSW Launchpools
- Stake Tokens Launchpools
Let’s take a look at each of these Launchpools below.
1. The Stake BSW Launchpools
The Stake BSW Launchpools allow you to stake BSW to earn more BSW or to earn BSW + other supported tokens with or without auto-compounding.
There’re 4 different types of pools under the Stake BSW Launchpools:
- The BSW Holder Pool
- The BSW auto-compounding pool
- The BSW non-compounding pool
- The Stake BSW to earn BSW + other tokens pools.
Let’s briefly explain each of them below.
1. The BSW Holder Pool
The Biswap Holder Pool allows you to stake BSW to earn more BSW, with auto-compounding every 5 minutes.
Furthermore, staking BSW in this gives you exclusive privileges such as the ability to:
- Participate in IDO and NFT Launchpads (buy new tokens or NFTs launching on Biswap).
- Earn higher swap referral rewards (12%-20%) depending on the amount of BSW you have staked.
- Participate in the Biswap NFT Games
- Stake in the Biswap multi-reward pools.
- Vote on Biswap governance proposals.
…and other features that will be added in the future.
When you stake in the Holder Pool for the first time or add more BSW to an existing stake, your tokens would be locked for 90 days.
During this period, you cannot withdraw it except if you’re willing to pay a 25% early unstaking fee.
Therefore, before you stake your BSW in the Holder Pool, make sure you wouldn’t need it within the first 3 months.
2. The BSW auto-compounding pool
This tool allows you to stake your BSW tokens to earn more BSW, with auto-compounding every 5 minutes.
It’s the same with the BSW Holder Pool discussed above, but without the initial 90-day fixed staking period or special privileges.
You can withdraw your tokens from the pool at any time, but you’ll be charged a 0.1% early unstaking fee if you withdraw within the first 72hr.
The BSW auto-compounding pool also has the same APY as the Holder Pool.
3. The BSW non-compounding pool
This pool allows you to stake BSW to earn more BSW with no auto-compounding.
This pool is good if you want to harvest and sell your rewards regularly as a take-profit strategy.
You can also use the manual compound button on the page to add your rewards to the staking balance whenever you like.
There’re no special privileges, lockup periods, or early withdrawal fees for this pool. So you can stake and unstake your tokens any time you like.
4. The Stake BSW to earn BSW + other tokens pools
Currently, there’re 5 active pools where you can stake BSW to earn BSW + other tokens such as DOT, MATIC, ADA, SOL, BTCB, etc.
Biswap was the first DEX to implement a multi-type referral program where you can refer your friends and earn BSW.
Currently, you can earn up to:
- 20% of your referrals trading or swap fees, depending on the amount of BSW you have staked in the BSW Holder Pool.
- 5% of your referrals Farms and Launchpools rewards.
- 3% of their NFT Game winnings,
- 2% of their lottery ticket purchases.
Below is a breakdown of what you’ll from referrals swap fees based on the amount of BSW you have staked in the BSW Holder Pool.
- 0–199 BSW staked, you earn a 10% referral commission.
- 200–999 BSW staked, you earn a 12% referral commission.
- 1,000–2,999 BSW staked, you earn a 14% referral commission.
- 3,000–6,999 BSW staked, you earn a 16% referral commission.
- 7,000–9,999 BSW staked, you earn an 18% referral commission.
- 10,000+ BSW staked your earn a 20% referral commission.
The Biswap referral rewards are paid out of the 4.3% of the daily BSW block emissions allocated for the referral program.
You can share your referral rewards with your invited friends when they connect to Biswap with your referral link.
For example, you can choose to share 10%, 25%, or 50% of your referral rewards with them when generating your referral link as shown below.
If you use this referral link, to connect to Biswap you will get 50% of my referral rewards.
As a passionate Biswap promoter, you can earn even more if join their Space Agents Program (SAP).
For example, this article was submitted to the program for a chance to win up to $1,500 in BSW in addition to your referral commissions.
The Biswap Fixed staking feature allows you to stake other tokens for fixed periods (30 to 90 days) to earn the same tokens.
Currently, there’s a fixed staking pool for premium coins like BNB, ADA, and DOT with juicy APYs.
Biswap fixed staking is an exclusive feature for those who have staked the required amount of BSW in the Holder Pool.
Each fixed staking pool has its own required amount of BSW you must have staked in the Holder Pool to qualify for it.
For example, you need 200, 300, and 400 BSW staked in the Holder Pool to be able to stake BNB for 30, 60, and 90 days respectively.
The same applies to ADA and DOT fixed staking.
Biswap claims to be the DEX to implement this exclusive fixed staking feature on the BSC.
Want to learn more?
Then join the Biswap social media and local communities
Biswap is one of the few projects that I am passionate about because of its innovative earning opportunities, vibrant community, and competent and committed team.
The platform also has the lowest trading fees among all DEXs and returns up to 70% of your fees to you in BSW.
Therefore, exposing your portfolio only to the best tokens or projects in the market and helping you grow your wealth on auto-pilot.
However, note that like everything in crypto, there are inherent risks of hacks, exploits, etc, and only invest what you’re comfortable with.