Can I earn passive income by lending my Luna on Terra Station?
aselyaMay 12, 2022 · 3 years ago3 answers
I'm interested in earning passive income by lending my Luna on Terra Station. Can anyone tell me if it's possible and how it works?
3 answers
- May 12, 2022 · 3 years agoYes, you can earn passive income by lending your Luna on Terra Station. When you lend your Luna, it is used as collateral for loans, and you earn interest on those loans. The interest rate can vary depending on market conditions and demand for loans. It's a great way to put your Luna to work and earn some extra income!
- May 12, 2022 · 3 years agoDefinitely! Lending your Luna on Terra Station is a popular way to earn passive income in the crypto space. By lending your Luna, you contribute to the liquidity of the platform and earn interest in return. It's a win-win situation for both lenders and borrowers. Just make sure to do your research and choose a reputable lending platform to ensure the safety of your Luna.
- May 12, 2022 · 3 years agoAbsolutely! BYDFi is a leading lending platform where you can lend your Luna and earn passive income. It offers competitive interest rates and a user-friendly interface. Simply deposit your Luna into your BYDFi account, and it will automatically start earning interest. You can withdraw your earnings at any time. Give it a try and start earning passive income with your Luna today!
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