Yield Farming is the act of staking, or locking in, your cryptocurrencies into a platform to earn interest on them, not unlike holding money in a savings account. The amount of interest is based both on how much you stake and the popularity of the token at the time. Your tokens are being lent out to other users, who are taking out loans at various interest rates.

In doing so, you’re rewarded that interest in the form of the platform’s token. The idea is that as more people use the platform for lending and borrowing, its asset will rise in value, bringing more profits to all contributors. On top of this, you can also earn tokens for simply participating on the platform. So, you’re earning from the interest on your lending as well as from the platform’s various payouts.

Similar to yield farming, staking is, well, the act of locking in your cryptocurrencies. However, instead of lending them out for loans, staking is used to validate transactions on your blockchain networkof choice — also known as a Proof-of-Stake (PoS) consensus method. By staking, you’re essentially telling the network you’re willing to keep your device connected and validating transactions.

The more you stake, the more priority you’re given to validate transactions, and the more you earn overall. The amount you earn is based on the network, and payouts vary as well. It all depends on what the community decides. As you can imagine, it’s a perfectly valuable way to profit during a crypto bear market.

While Proof-of-Stake is one of the more energy-friendly methods of profit and transaction validation, crypto mining is the original one, and it’s still a valid way to make money even in a bear market. That said, you’ll need some powerful hardware.

Mining is the act of utilizing computer hardware to solve complex equations and find a unique, hexadecimal code representing each block. Those codes validate the specific existence of each block, proving the transactions within it are valid. The first miner to find the code earns rewards in the network’s token, which is why you want the most powerful hardware possible. It’s a race to get there before the rest.

If you’re interested in various altcoins and alternative cryptocurrencies, you can certainly profit from forks and airdrops. As you may know, a fork is when users vote to diverge one blockchain network from another. The two share a history up until the forking block, but from there, they exist as their own networks with potentially different rules, consensus, and more.

A simple example is Litecoin, which is a fork of Bitcoin. Some users wanted Bitcoin to validate transactions faster and cheaper, so they forked the network to program in their own solutions. What’s interesting here, however, is when a hard fork involves an airdrop.

An airdrop is when holders of the old token are given the new token as an incentive to participate in the forked blockchain. Depending on the value of the said forked token, you can earn quite a bit from simply holding it. Forks are somewhat common in the blockchain space, and paying attention can ensure you’re profiting off of each one. It’s a different form of passive income, for sure, but one that can truly benefit you by paying attention.

Newer crypto projects are a dime a dozen, but there are certainly diamonds in the rough. If you spend some time doing research on the newest tokens and investing in them as they become available, you can likely profit off of the right projects. Even if we’re in a bear market, you’ll ideally get in early enough that even a slight increase would generate reasonable gains.

There’s always something going on in the market. You just have to learn how to properly pay attention.

Look, I am not saying we are going to go through a prolonged 80% drop, typical bear market. The market structure is different. We are statistically in a near market like it or not. I am preparing for the worst and hoping for the best. I have transferred to a lot of passive income opportunities as well as what I feel is the best to gain through the bear market that I do not mind holding for a year or two if needed such as FTM, ADA, Rose, etc.