Ways to Generate Passive Income on the Blockchain: Smart Pools on Metalswap

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Investment opportunities in the crypto industry are becoming more diversified. From its foundations a little over a decade ago until now, decentralized finance has come a long way, replacing an exclusionary and insecure orthodox system, with a new decentralized economic system facilitating peer-to-peer transactions.

With the growth of DeFi, the investment opportunities have diversified, from the early purchase of tokens to cross-chain trading. In Metalswap, investors can participate in the commodities market in different ways, as an active or a conservative investor.

Metalswap offers the possibility of generating income “passively” through the pools offered by the platform, for which it is necessary to have native XMT tokens and choose a parity to carry out the transaction, with the network that you want to operate on among the three available: Polygon, Ethereum, or BNB Chain.

The Staking Pools, Iron pool, Smart Pool and Staking NFT constitute the group of opportunities that the user has to obtain passive income within the platform. The rewards received for locking the XMT in the different pools are automatically generated depending on the level of participation in the pool.

But let’s talk specifically about participating in a pool, the Iron Pool. This specific pool available on the Ethereum network has two peculiarities; the first is the duration time, the duration of the pool is annual; and the second is the minimum return on investment because participation is limited to a particular number of users who can participate in the specific pool. In this way, the minimum APY (40%) to be paid is guaranteed by the fixed amount of XMT blocked by the available spaces in the pool.

In the BNB Chain network there are two pools available, a Smart Pool with an approximate APY of 25% and a traditional block pool with an APY of 44% for a period of 210 days; in which investors can use XMT to obtain profits within the platform. The difference between the two pools is that the first, the Smart Pool, provides through smart contracts an additional bonus to the official pool, and therefore it is more profitable, so that the participant obtains additional rewards in the time pre-established by the pool.

A Metalswap account also offers the possibility of generating income with NFTs on the Polygon network, so liquidity providers for the XMT-USDC pair can stake their NFT tokens to obtain a higher percentage of profits in XMT as provided by the MetalSwap DAO.

Because Metalswap is a multi-chain protocol, for each chain there is an option to continue generating passive income in a stable manner; it also has a bridge that allows assets to be transferred from one chain to another without complications. All this is possible thanks to decentralized finance: the lower cost of offering a financial product with fewer intermediaries allows investors to be more profitable.

Through the security offered by the blockchain when using decentralized finance apps, beginner users can enter a world that has historically been created and manipulated by a few for their own benefit. The democratization of finance seeks to include and expand its scope in a way that each person from the comfort of their mobile phone can access these instruments and operate without the need for bank coverage, for example.

MetalSwap is the decentralized and evolved exchange solution. Through a set of smart contracts, initially deployed on the Ethereum main chain, we are going to make it possible to execute swaps without the need for intermediaries, at reduced costs and without time restrictions. From traditional financial functions to a new digital LEGO-Money brick!

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