Unlock $300/Day Passive Income Opportunity with staking rewards altcoins: Chainlink (LINK), DigiToads (TOADS), Ethereum (ETH)

DeFi has been overwhelmingly successful due to the removal of intermediaries. This allows for more value to be retained between the transacting parties. For example, instead of a centralized institution providing liquidity to markets, ordinary investors become market makers by creating LP (Liquidity Provider) tokens.

In financial terms, the decentralization in the crypto market has opened up multiple opportunities to investors in the form of residual income. And anybody can unlock $300 a day passive income opportunities with staking rewards from altcoins. This article dives into the top three picks to begin earning passively today: Chainlink (LINK), DigiToads (TOADS), and Ethereum (ETH).

DigiToads (TOADS) Introduces NFT Staking

DigiToads is one of the best altcoins when it comes to the provision of passive income. And this is all thanks to the self-propagating ecosystem (The Swamp) that does the heavy lifting on the investor's behalf.

The Swamp opens up a new staking opportunity with its NFT Staking program that turns all 3,500 DigiToads NFTs into revenue-creating assets. These stakers earn consistent payouts funded by the protocol's taxation system. This link between taxes and payouts causes the funds received by stakers to increase in tandem with ecosystem activity.

Analysts have forecast the floor price of these NFTs rocketing on the secondary market when payouts materialize on August 21st. This means as well as receiving dividend payments in line with ecosystem activity, stakers will also hold an appreciating asset.

The taxation system, Toad Tax, which funds the staking payout pool, directs 2% of every transaction to these holders. Additionally, it burns 2% meaning that users receive rewards in $TOADS, a hyper deflationary token.

The protocol's treasury fund will also periodically top up the NFT Staking payout pool, and the active treasury management strategy employed by DigiToads, known as the Platinum Toads initiative, grants the best on-chain raiders remote control of the treasury.

In practical terms, it means stakers will earn rewards from taxes and rewards from trading activity in DeFi, hence analysts' classification of DigiToads as a pioneering project and one of the best passive income plays of 2023. 

Chainlink (LINK) Staking & CCIP

Chainlink (LINK) has seen a rush of economic activity due to the release of its CCIP (Cross-Chain Interoperability Protocol), which seeks to make an internet of smart contracts. This new tech stack will allow cryptos to travel freely across chains, enable developers to create cross-chain applications, and connect private and public blockchains. The final application of CCIP could see direct on-ramps between TradFi banks and DeFi.

$LINK staking has caught the eye of many investors. Users can lock up their $LINK and earn staking rewards by providing economic security guarantees for Chainlink's (LINK) oracle services. The staking program sees 7% APR rewards for node operators and nearly 5% for ordinary stakers. Analysts' price predictions estimate $LINK trading between $13.62 and $15.62 in 2024, meaning stakers can currently stack up undervalued Chainlink (LINK) through the staking program.

Ethereum (ETH) Eclipses 20% Staked

Ethereum (ETH) has always been one of the best altcoins to buy, and recently the total volume of $ETH staked crossed 20%. Ethereum (ETH) staking has become the de facto risk-free rate within DeFi, with investors earning nearly 4% APR on a blue chip asset.

Thousands of new DeFi projects have launched, integrating liquid staking derivatives, sparking what analysts have called LSDFi Summer. The enabling of Ethereum (ETH) withdrawals acted as an enormous derisking event, and institutional inflows into the $ETH staking have been steadily increasing since.

Price forecasts predict a range between $3,051.80 and $3,754.46 for Ethereum (ETH) in 2024, meaning all investors accruing stakers rewards have a great upside on their dividends. 

Closing Thoughts: Staking and the Power of Passive Income

The top altcoins to hold in the run-up to the bull market and throughout the bear market have always been altcoins with staking rewards. Investors steadily build their stack and enjoy all the upside when the market starts rallying.

Comparing $TOADS, $ETH, and $LINK, although all three provide excellent passive income opportunities, the winner has to be TOADS because of the link between economic activity and staking rewards. Join the DigiToads presale, mint an NFT, and start earning deflationary rewards today!

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