Ep022 - How to earn passive income & retire on ADA

Can you earn a living or retire from staking rewards on Cardano? This week I look at different strategies in how to earn more from ADA.In the 80s, interest rates were high and it was easy to save money and earn interest from a savings account or long term deposit. Those days are now gone with negative interest rates in some countries.Holding and staking ADA on the other hand will give you a solid 5.5% return on ADA as it is writing into the protocol.I also talk about other methods of earning rewards from other projects and protocols on the Cardano blockchain from DeFi and DEXes.Read all the show notes at https://cardanode.com.au/ep022DISCLAIMER: This content is for informational and educational purposes only and is not financial, investment, or legal advice. I am not affiliated with, nor compensated by, the project discussed—no tokens, payments, or incentives received. I do not hold a stake in the project, including private or future allocations. All views are my own, based on public information. Always do your own research and consult a licensed advisor before investing. Crypto investments carry high risk, and past performance is no guarantee of future results. I am not responsible for any decisions you make based on this content.🔗 https://www.youtube.com/watch?v=Fq8FhvxET2k Subscribe to the audio podcast:🔗 https://bit.ly/learncardano-spotify 🔗 https://apple.co/3jEPM8C 🔗 https://learncardano.io/ Follow on Social:🔗 https://x.com/learncardano 🔗 https://facebook.com/learncardano