Liqd's referral system is a fantastic opportunity for users to earn passive income by inviting friends and community members to the platform.
Once connected, you'll receive a unique referral link that you can share with others. As more people join Liqd through your referral link, you'll earn commissions, helping you generate income while growing the Liqd community and increasing the liquidity of the NFT market.
By lending your NFTs on the Liqd platform, you can earn passive income from the interest rates set on the loans.
To list your NFT as collateral and request a loan, connect your wallet to the platform, select your asset, and configure your loan terms, such as the borrowed crypto, loan amount, duration, and APR.
Once you've granted Liqd access to your NFT, the platform will list it, making it available for potential lenders to review and approve. As a result, you'll earn interest on your NFTs while they're being used as collateral.
Another way to earn passive income on the Liqd platform is by shorting ETH. When you lend your NFTs, you receive a set APR in ETH for the loan's duration.
If you predict that the price of ETH will decrease during the loan period, you can short ETH by selling it now and buying it back at a lower price later. This strategy allows you to accumulate ETH and earn interest on your NFTs simultaneously.
Swing trading is a popular strategy that involves buying and selling assets within a short period, capitalizing on price fluctuations. By borrowing ETH through collateralizing your NFTs on the Liqd platform, you can boost your trading capital and profit from swing trading. To do this, follow these steps:
Step 1: Collateralize NFTs to Borrow ETH
Step 2: Open Either a LONG or SHORT Position
Step 3: Make a Profit
Step 4: Return the Borrowed ETHs and Keep the Rest as Profit
By following these strategies, you can generate solid passive income on the Liqd platform while leveraging the value of your NFTs.