Ways to Generate Passive Income with IOTA ReBase — Focus on Swirlstake and Virtue Protocols

In a recent post, ID.IOTA discussed the advantages users can gain from IOTA’s staking features through Swirlstake. For individuals interested in investing in IOTA rather than a stablecoin, Deepr Finance was recommended for its attractive yield percentages. As noted by CNF, IOTA has recently completed the mainnet upgrade to the highly anticipated Rebased Protocol, which now includes full programmability and staking options. As previously stated in our earlier news article, only 1 IOTA is needed for staking, with an Annual Percentage Yield (APY) ranging between 10% and 15%. To help holders maximize these new features, the educational X page from the project ID.Iota has initiated a discussion thread detailing the complexities of the staking process. Additionally, ID.Iota suggested that those who choose to stake with one of the current Validators might receive an impressive return of up to 30% APR. Nevertheless, it has been noted that the latest update presents its own set of difficulties. The problem is that users face a dilemma between selecting a validator or diving into the Decentralised Finance (DeFi) landscape using their tokens. ID.Iota highlights that this situation allows users to earn staking rewards while engaging with the DeFi ecosystem. Specifically, they emphasized that Liquid Staking is a credible way to earn passive income through IOTA Rebased. To elaborate further, it was mentioned that using Swirlstake (the initial liquid staking protocol on IOTA) allows users to earn $stIOTA, as we detailed in our earlier article. Interestingly, the actual profits are derived from the gradual increase in value of stIOTA over time by merely keeping them in different wallets. At the same time, it was revealed that Swirlstake would charge a fee of 10% on the staking rewards. What actions should be taken with the $stIOTA tokens? As per ID.Iota, the only interaction you can have with stIOTA tokens at this time is related to Virtue.Money.