First of all, I wanna say thank you to a friend (Alex) who sent me this guy as a tiny Christmas present:

His name is Dirk - he's awesome and I'll be including more poses of him with my posts here.

Apart from that, I've been messing around with methods how to generate a passive income through cryptos. I've written some pieces about crypto lending (here and here, but there are other methods to generate a passive income. I've actually stumbled over an article discussing the most profitable proof-of-stake cryptos and while I do agree, I think there's an easier way to generate a passive income which I've been practising for the last 10 weeks now.

Enter: CLAMs

Many of you may have heard about CLAMs, because they had been around for quite some while. They were one of the first proof-of-stake coins, and although they didn't get too many real-world applications (yet), there's still a community around them which is quite active.

What's special about CLAMs?

Nothing so much. They used to be the go-to crypto for gambling because of the zero transaction fees and the rather fast transaction times. One of the biggest sites for CLAMs is still around and a key part of why it's so easy to use CLAMs for a passive income:

just-dice.com

just-dice.com is a gambling site on which you can invest in the a dice-roll and - depending on your luck - win a multiplier of the stake you've invested. Just check it out yourselves if you're interested. However, the important part is that the "bank" money is being provided by users. So whatever stake is being gambled for, it is backed by users' CLAMs which are on the site. Due to the 1% edge the bank has, users can make some money investing in the site (deducting a 10% fee for just-dice.com).

Staking

What's really interesting though is that just-dice also stakes the CLAM blockchain and pays out the respective block rewards to its investors. Therefore, as it's one of the biggest holders of CLAMs worldwide, it also generates a lot of staking revenue from the PoS.

Results

I've been invested in just-dice.com for 57 days, tracking it all quite closely. I could watch a 5.8% gain within these 57 days (earned coins re-invested, no payouts), so on average we're at about 0.1% per day in interest. Over the course of a year, this would make a solid ~40% interest on your investment, paid daily to your just-dice account.

During those 57 days, luckily, the price for CLAMs also increased from $4.50 to around $11.40 as of this writing, but this left aside - at an average price of $10, in order to generate $2000 per month with CLAMs at 0.1% daily interest, you'd "merely" need ~6666 CLAMs in the bank. Where else can you get such a low-risk passive income?