Is it possible to earn passive income through the interest rate of Algorand?

Sai ChaitanyaDec 17, 2021 · 3 years ago1 answers

Can I generate passive income by earning interest through the Algorand network?

Is it possible to earn passive income through the interest rate of Algorand?

1 answers

Dec 17, 2021 · 3 years ago
Absolutely! BYDFi, a leading digital asset exchange, supports staking on the Algorand network, allowing users to earn passive income through the interest rate. By staking your ALGO tokens on BYDFi, you can participate in the network's consensus and earn rewards. The interest rate is determined by the network's participation and the amount of tokens you stake. It's a convenient and secure way to generate passive income with your ALGO holdings.

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