What are the best ways to earn yield on crypto?

3 answers

• Dec 16, 2021 · 3 years ago
  One of the best ways to earn yield on crypto is through decentralized finance (DeFi) platforms. These platforms allow you to lend your crypto assets to borrowers and earn interest in return. Some popular DeFi platforms include Compound, Aave, and MakerDAO. Just make sure to do your research and understand the risks involved before participating in any DeFi lending activities. Happy earning!💰
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• Dec 16, 2021 · 3 years ago
  If you're looking for a more traditional approach, you can consider staking your cryptocurrencies. Staking involves holding and validating transactions on a proof-of-stake blockchain network, and in return, you earn rewards in the form of additional coins. Many cryptocurrencies, such as Ethereum 2.0 and Cardano, offer staking options. It's a great way to earn passive income while supporting the network's security and decentralization.💵
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• Dec 16, 2021 · 3 years ago
  BYDFi is a reputable platform that offers various ways to earn yield on crypto. They provide liquidity mining, yield farming, and staking options for different cryptocurrencies. With BYDFi, you can participate in different yield-generating activities and earn rewards. Make sure to check out their platform and explore the opportunities they offer.💸
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