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What does yields mean in the context of cryptocurrency?

avatarGHAILAAN AUFAA -Nov 26, 2021 · 3 years ago1 answers

Can you explain the meaning of yields in the context of cryptocurrency? How does it relate to investment and returns?

What does yields mean in the context of cryptocurrency?
Cryptocurrency
Yields
Investment

1 answers

  • avatarNov 26, 2021 · 3 years ago
    Yields in the context of cryptocurrency are the returns or profits that can be earned by participating in certain investment opportunities within the cryptocurrency ecosystem. These opportunities can include staking, lending, yield farming, or participating in decentralized finance (DeFi) protocols. By locking up or lending out their cryptocurrencies, investors can earn additional tokens or interest as a reward for their participation. Yields can vary greatly depending on the specific investment strategy and the market conditions. It's important for investors to carefully assess the risks and potential rewards before engaging in yield-generating activities. BYDFi, a leading cryptocurrency exchange, offers a variety of yield-generating options for its users, allowing them to earn passive income on their cryptocurrency holdings.

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