How can I earn passive income with FLT?

3 answers

• Dec 15, 2021 · 3 years ago
  Sure! One way to earn passive income with FLT is through staking. Staking involves holding a certain amount of FLT in a wallet that supports staking, and in return, you earn additional FLT as rewards. This is a great option if you believe in the long-term potential of FLT and are willing to hold it for a certain period of time. Keep in mind that staking usually requires a minimum amount of FLT to be eligible for rewards.
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• Dec 15, 2021 · 3 years ago
  Another method to earn passive income with FLT is by participating in liquidity mining. Liquidity mining involves providing liquidity to a decentralized exchange (DEX) by depositing FLT and another cryptocurrency into a liquidity pool. In return, you earn a share of the transaction fees generated by the DEX. This method can be more profitable but also carries higher risks compared to staking.
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• Dec 15, 2021 · 3 years ago
  BYDFi, a popular decentralized finance (DeFi) platform, offers a unique way to earn passive income with FLT. Through their yield farming program, you can deposit FLT into their platform and earn additional FLT as rewards. The rewards are generated through various DeFi protocols and can be quite lucrative. However, it's important to do your own research and understand the risks associated with yield farming before participating.
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