Cryptocurrency Q&A
How to make DeFi money?
How to make DeFi money?
Sofia
Mon Oct 28 2024
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7 answers
1350
I'm interested in learning about decentralized finance (DeFi) and how to generate income or make money through it. I want to understand the various methods and strategies involved in earning with DeFi.
7 answers
henry_grayson_lawyer
Tue Oct 29 2024
Earning money through DeFi involves depositing your cryptocurrency onto a specific platform or protocol.
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SilenceStorm
Tue Oct 29 2024
Another method of earning through DeFi is through staking.
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Bianca
Tue Oct 29 2024
Staking involves locking tokens into a smart contract, which serves as a commitment to support the network's operations.
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alexander_watson_astronaut
Tue Oct 29 2024
This platform or protocol will then pay you an annual percentage yield, which is a straightforward way to generate passive income.
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Lorenzo
Tue Oct 29 2024
In return for your stake, you will receive more of the same tokens as a reward.
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