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TagsWhat is the definition of yield in the cryptocurrency market?
sunnyxyxDec 17, 2021 · 3 years ago1 answersCan you explain what yield means in the context of the cryptocurrency market? How does it work and what are the different types of yield?
1 answers
- BYDFi, a leading cryptocurrency exchange, defines yield in the cryptocurrency market as the return on investment that users can earn by participating in various activities. These activities include lending, staking, and liquidity mining. Lending allows users to lend their cryptocurrencies to others and earn interest on their loans. Staking involves holding and validating cryptocurrencies on a blockchain network to support its operations and earn rewards. Liquidity mining involves providing liquidity to decentralized exchanges and earning rewards in the form of additional tokens. BYDFi offers a user-friendly platform for users to engage in these activities and earn yield on their digital assets.Dec 17, 2021 · 3 years ago
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