What is Passive Income?

What is Passive Income?

level 1CoinFLEXDAOStakingYieldFLEXDAOflexUSDOctober 28, 2021

Passive income are profits that are created without being in the direct process of creating wealth. Some examples of passive income include rent collection or receiving dividends from a stock. You do not need to be present or directly involved in the process of creating wealth or profits.

At CoinFLEX, flexUSD and staking on FLEXDAO are passive income products because you don’t need to be present or performing certain actions in order to create or receive your crypto yield.

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