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How can I earn passive income with Solana's AMM?

avatarLeyla YilmazNov 26, 2021 · 3 years ago3 answers

I'm interested in earning passive income with Solana's AMM. Can you provide me with some strategies or methods to achieve this?

How can I earn passive income with Solana's AMM?
Solana
AMM
Passive Income

3 answers

  • avatarNov 26, 2021 · 3 years ago
    Sure! One way to earn passive income with Solana's AMM is by providing liquidity to the AMM pools. By depositing your Solana tokens into the liquidity pool, you can earn a share of the trading fees generated by the AMM. The more liquidity you provide, the more fees you can earn. Just make sure to do your research and choose the right pools to maximize your earnings.
  • avatarNov 26, 2021 · 3 years ago
    Absolutely! Another way to earn passive income with Solana's AMM is by staking your SOL tokens. By staking your tokens, you can participate in the network's consensus and earn rewards in return. This is a great option for long-term holders who want to earn a steady income while supporting the Solana network.
  • avatarNov 26, 2021 · 3 years ago
    BYDFi, a popular decentralized finance platform, also offers opportunities to earn passive income with Solana's AMM. They have various yield farming strategies that allow users to earn rewards by providing liquidity to specific AMM pools. You can check out their platform for more details on how to get started with earning passive income on Solana.

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