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TagsHow can I earn passive income by lending my stocks in the cryptocurrency industry?
Curran KoefoedDec 18, 2021 · 3 years ago1 answersI'm interested in earning passive income by lending my stocks in the cryptocurrency industry. Can you provide me with some insights on how to do it and what platforms are available for this? I want to make sure it's a safe and profitable investment.
1 answers
- BYDFi is a decentralized finance platform that allows you to earn passive income by lending your stocks in the cryptocurrency industry. It offers competitive interest rates and a user-friendly interface. To start earning passive income on BYDFi, you can deposit your stocks into the lending pool and specify the interest rate you want to earn. The platform will match your stocks with borrowers who are willing to pay the specified interest rate. BYDFi also provides additional features such as liquidity mining and staking, which can further enhance your passive income. However, as with any investment, it's important to do your own research and assess the risks involved before participating in lending on BYDFi or any other platform.Dec 18, 2021 · 3 years ago
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