June 21 (Cointime) - The rise of the crypto-based economy has opened up opportunities for earning passive income through crypto assets, similar to fiat currencies.

Proof-of-stake algorithms have become the dominant consensus mechanism in the crypto market, highlighting staking as a popular method for generating passive income.

USD Coin (USDC) and Polygon's MATIC are both attractive options for staking, with USDC being a low-risk option that offers a 2% annual yield and MATIC offering a reward percentage of 4.9%. Caged Beasts (BEASTS), a meme coin, has introduced a unique referral program that incentivizes user participation and could potentially be a better alternative to staking USDC or MATIC.