Become a LP Provider With The Tron & STEEM & Earn Additional Income

chekohler (70)in #tron • 4 years ago (edited)

Now that you're able to earn that sweet dual rewards with both TRON and STEEM for your posts, it opens up a whole new world for cryptocurrency investors like myself. If you are the savvy little investor and feel earning from your labour is cool, but you'd like to take it a step further, and earn more passive income then here are a few tips for you.

Naturally, powering up 100% posts is the best way to get the max return since your TRON allocation is matched by your SP allocation. Once you start bringing in those rewards from your daily posting, you can do one of the following.

Leave your STEEM Power

Leaving your STEEM powered up currently nets you a 4.22% APR reward from the reward pool. You don't have to do anything else; it will continue to add to your stake each day and grow your balance over time.

Stake/Vote With TRON

From your STEEM wallet, you should now see a TRON amount, in the drop-down, there is a voting option, lock in your TRON to vote and receive an 8% return on your stake, similar to what you're doing on STEEM.

Becoming an LP provider on JUST Swap

As some of you may know DE-FI and the ability to create decentralised exchanges have become wildly popular in 2020 with the launch of Uniswap, Tron has it's own version of Uniswap known as JustSwap

JustSwap allows you to trade TRX and TRX-10 and TRX-20 tokens via your Tronlink wallet and never needing to open an account with an exchange. This makes it easier for users to get in and out of various tokens on the TRON blockchain.

However, there need to be users willing to provide tokens for each trading pair so a user can get in and out of a trade. This is where you come in, as someone earning STEEM and TRON for your blogging, you could provide your tokens for the STEEM_TRX pair on Justswap and earn any fees when people trade between these two pairs.

Thanks to @nutbox for launching tSTEEM on Justswap you can use their service to mint your STEEM onto the TRON blockchain. You will send them STEEM, and they will provide you with tSTEEM that will be sent to your TRON wallet.

Once you have your TRON and TSteem in your wallet you can head to the TSEEEM/TRON Pair found here you can add your tokens as a liquidity pair and start to earn fees.

Fees that you can extract at any time