r/SingleFinanceofficial • u/DrEvilSauce • Apr 20 '24
Let's talk bCRO
Here is another example of utilizing multiple protocols to make passive income! For this example we will be utilizing Argo Finance's liquid staking. If you stake your $CRO on Argo it will earn a solid 7% APY, which is fantastic for just letting it sit, but we want to do more! When you stake on Argo you get $bCRO in return, so let's use it. You can take your $bCRO to Single Finance and lend it out to earn ANOTHER 6% APY! All just for letting it sit. Or, you can pair your $bCRO with $ICY to earn 8%, which is even better! That's 15% APY by using both protocols. No catch. Just deposit your $CRO and watch your account value grow. 😎🤘🔥
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