Earning Passive Income with Dogecoin: 2024 Guide

Image Credit: Protocol Feb 20, 2024 By: Bhumi Shrivastava

Staking

[{"selector":"#anim-c4be384b-3cbc-4054-8554-4f7eaf1839bc","keyframes":{"opacity":[0,1]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b002a376-d067-458a-aa1b-75be53929fc8","keyframes":{"transform":["translate3d(0px, 643.09723%, 0)","translate3d(0px, 0px, 0)"]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d247a08d-ab2f-40aa-8c50-9f3ce378cf50","keyframes":{"opacity":[0,1]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-01f1f13d-9947-4136-95d2-a4c6e2666f9d","keyframes":{"transform":["translate3d(0px, 179.81852%, 0)","translate3d(0px, 0px, 0)"]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-be8aa065-430e-4c4d-b505-d84872788d75","keyframes":{"opacity":[0,1]},"delay":1,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-43d18535-ec8d-4930-883c-d4c0daf111e1","keyframes":{"transform":["translate3d(0px, 81.12350%, 0)","translate3d(0px, 0px, 0)"]},"delay":1,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-033c683d-98e2-4250-bfa6-447d09b4bd76","keyframes":{"opacity":[0,1]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e00f1d71-5cc7-42ed-926f-ac8e19af07bf","keyframes":{"transform":["translate3d(0px, 620.20068%, 0)","translate3d(0px, 0px, 0)"]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Enter the world of staking by locking up your Dogecoin for rewards. Through certain projects utilizing proof-of-stake mechanisms, you i ndirectly stake Dogecoin, potentially earning more coins or interest payments in return. Image Credit: Coinbase

Lending

[{"selector":"#anim-bbe68291-c5f6-44eb-aeb0-680de586f813","keyframes":{"opacity":[0,1]},"delay":1,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-32cb24dd-94ec-4a0f-83d5-4de28c7ce2b5","keyframes":{"transform":["translate3d(0px, 77.43210%, 0)","translate3d(0px, 0px, 0)"]},"delay":1,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-83d62e85-038e-436a-8e52-0e5ad00b0ce7","keyframes":{"opacity":[0,1]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a521b0fd-36f6-4e11-b116-ebecbcc1c874","keyframes":{"transform":["translate3d(0px, 227.03698%, 0)","translate3d(0px, 0px, 0)"]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d88e106a-d6cf-4c7f-9f80-d42ae9d19f98","keyframes":{"opacity":[0,1]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-97ce29f2-b742-4b60-b79b-e190095ec5d3","keyframes":{"transform":["translate3d(0px, 512.79428%, 0)","translate3d(0px, 0px, 0)"]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-48477049-a4c0-4111-9242-565c2e146c6a","keyframes":{"opacity":[0,1]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dadac734-0de7-4878-8dd0-a7f27bae7f12","keyframes":{"transform":["translate3d(0px, 620.20068%, 0)","translate3d(0px, 0px, 0)"]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Generate passive income by lending out your Dogecoin to borrowers for various purposes, such as trading or investing. Image Credit: Bitcoin.com

DeFi Yield Farming

[{"selector":"#anim-64a9228d-c543-47fc-b86a-8a2bf5e4a6cb","keyframes":{"opacity":[0,1]},"delay":1,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f3611b00-cc25-44d4-a91f-a08edbccefdb","keyframes":{"transform":["translate3d(0px, 80.98212%, 0)","translate3d(0px, 0px, 0)"]},"delay":1,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5aa97a89-96ac-474f-9076-32da0c0e3d10","keyframes":{"opacity":[0,1]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f3f70483-365c-4004-9183-ac9405a3d06f","keyframes":{"transform":["translate3d(0px, 177.77774%, 0)","translate3d(0px, 0px, 0)"]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0a206c8c-cbf2-457a-a631-8904f0a377ab","keyframes":{"opacity":[0,1]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6f55e7ab-76fc-440b-bfd4-b5af4ce4c069","keyframes":{"transform":["translate3d(0px, 627.94556%, 0)","translate3d(0px, 0px, 0)"]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f542493a-07a7-43ae-8ef3-360916c6290e","keyframes":{"opacity":[0,1]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1b5e4fb6-1dd4-4cc9-9d1a-3d65dfdd9f1e","keyframes":{"transform":["translate3d(0px, 620.20068%, 0)","translate3d(0px, 0px, 0)"]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Despite Dogecoin's native incompatibility with most DeFi platforms, wrapped versions like wDOGE enable participation in liquidity provision, borrowing, and lending, potentially ear ning fees and additional tokens. Image Credit: Bitget

Interest-Earning Wallets

[{"selector":"#anim-93a4ced6-0e08-45c3-bdb6-7d8f08e1832b","keyframes":{"opacity":[0,1]},"delay":1,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-63f87bfc-43df-4ecf-b74f-e7958f339a17","keyframes":{"transform":["translate3d(0px, 78.11302%, 0)","translate3d(0px, 0px, 0)"]},"delay":1,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f797ea49-161a-4b64-ba87-61c599ecc32d","keyframes":{"opacity":[0,1]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4f60d444-85bb-4e7f-af0b-f3c6ee040d7a","keyframes":{"transform":["translate3d(0px, 227.03698%, 0)","translate3d(0px, 0px, 0)"]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7b11e458-4ae9-4a44-8eef-d65b32900fea","keyframes":{"opacity":[0,1]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a293bbc5-5a63-425d-a67e-2d3013e9da45","keyframes":{"transform":["translate3d(0px, 521.88505%, 0)","translate3d(0px, 0px, 0)"]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a13438d8-133e-4c3a-aab2-b35d21e5622c","keyframes":{"opacity":[0,1]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6869594b-837e-4e9d-9586-918eedf4d555","keyframes":{"transform":["translate3d(0px, 620.20068%, 0)","translate3d(0px, 0px, 0)"]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Safely store your Dogecoin in wallets that offer interest, allowing you to earn passive income on your holdings. Image Credit: Blocktrade

Dividend Coins

[{"selector":"#anim-cec491af-9994-4967-aaca-dc315a5fa58d","keyframes":{"opacity":[0,1]},"delay":1,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5018b685-86e8-44b6-a1c1-f2fa2db10892","keyframes":{"transform":["translate3d(0px, 77.22969%, 0)","translate3d(0px, 0px, 0)"]},"delay":1,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fb168b09-e14a-470d-81c8-5308878fa526","keyframes":{"opacity":[0,1]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-285aa7e8-05c7-43e0-8e27-8c4b2dc96bf6","keyframes":{"transform":["translate3d(0px, 218.70366%, 0)","translate3d(0px, 0px, 0)"]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3e61f326-9121-4178-a56a-464ca72344a3","keyframes":{"opacity":[0,1]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-558becaa-d097-446c-a586-ea4816f0636b","keyframes":{"transform":["translate3d(0px, 497.64280%, 0)","translate3d(0px, 0px, 0)"]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0398360b-0540-415c-8ded-4523914ef2fb","keyframes":{"opacity":[0,1]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-71b53998-b8ee-40ec-bb2d-3f6a834d673b","keyframes":{"transform":["translate3d(0px, 620.20068%, 0)","translate3d(0px, 0px, 0)"]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Explore dividend-paying coins backed by revenue-generating organizations. While Dogecoin itself doesn't offer dividends. Image Credit: Medium

Crypto Masternodes

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Earn UNI Tokens

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[{"selector":"#anim-1d98b769-b97e-47f3-a36a-058b2794088f","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-ae962e9d-94cc-400a-b578-ebf1de756b68","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Next: Why Does Sam Altman's Worldcoin Wallet Attract 1M Users Daily? See More