Passive Income Strategy with Aptos
Adding a passive income stream is crucial in achieving financial freedom and with crypto innovation - everyone can start today, at AptosLaunch.
This is a Step by Step Guide on how you can build a Passive Income Strategy with Aptos, using AptosLaunch. There are 3 main steps you need to do:
- 1.Supply $APT
- 2.Borrow $ALT
- 3.Stake the $ALT you borrowed
Earnings comes from:
- 1.$APT Supply APY
- 2.$ALT Staking Reward
Step 1: Buy Aptos Coin ($APT) from centralized exchanges. All top centralized exchanges currently support $APT trading. For example:
Step 2: Once you have bought $APT from the centralized exchanges, you can deposit your $APT into your crypto DeFi wallet. For example:
Step 3: Once you have installed the wallet extension from either one of the wallets above, you would need to register $APT and confirm on your wallet.
Step 4: Once you have registered $APT on your wallet, you can then withdraw the $APT from your centralized exchanges and deposit into your crypto DeFi wallet. You can check your balance on your wallet.
Step 5: You would need to register $ALT and confirm on your wallet. You can register $ALT on https://staking.aptoslaunch.io/staking
Step 6: You can now go to Abel Finance (Aptos Grant Project and AptosLaunch Spaceport Project) at https://abelfinance.xyz/#/markets to supply your $APT as collateral.
You get Supply APY when you supply $APT at Abel
Step 7: Once you have supplied your $APT as collateral, you can now borrow $ALT at https://abelfinance.xyz/#/markets
Step 1: Once you have the borrowed $ALT in your wallet. You can check your balance on the Top right of the portal at https://staking.aptoslaunch.io/staking or on your wallet.
Step 2: Stake your borrowed $ALT into the $ALT Staking Pool to get 20% APY at https://staking.aptoslaunch.io/staking
This is a pure passive income strategy that requires little effort. You will profit as long as:
- You earn passive Income by supplying $APT on Abel Finance
- The funding cost/rate of borrowing $ALT at https://abelfinance.xyz/#/markets is SMALLER than Your $ALT staking rate at https://staking.aptoslaunch.io/staking
Note*You can always repay the $ALT should you not wish to continue with the strategy. Not Financial Advice.