HOW TO GENERATE INCOME FROM DEFI❓

in #neuronchain3 years ago

There are several ways to generate income from your DeFi investments, differing in terms of return and risk.

👉Deposit interest is the easiest way to generate passive income. You are simply putting cryptoassets on a platform like Compound. The percentage is dynamically calculated based on the ratio of the volume of loans to the volume of offers, and for most assets it rarely exceeds 10% per annum.

👉Arbitration transactions. Crypto asset prices can vary markedly due to low liquidity across DeFi platforms. Therefore, you can buy an asset on one platform and simultaneously sell it on another, but at a higher price. The method requires very fast transactions, but without automation it is practically useless.

👉Yield farming and liquidity minig are more profitable and riskier ways of investing. This is receiving a reward in tokens for providing liquidity or participating in staking. This method requires market research and constant monitoring of the situation, but may lead to a loss due to depreciation of the collateral asset.

👉Purchase of management tokens. Many DeFi-projects issue special tokens to manage the protocol. These are extremely volatile assets that can rise or fall significantly in a short time.

❤️Friends, have you tried any of these methods? Write in comments!✍

#NeuronChain #NeuronEx #NeuronWallet #crypto #Finance #blockchain

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All look good but am still very skeptical about it since
During sometime back I lost money on this platforms that came as LENDING platforms
So still doing research on this!!

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