What are the top DeFi coins for passive income?

3 answers

• May 14, 2022 · 3 years ago
  Sure! One of the top DeFi coins for passive income is Compound (COMP). By lending your crypto assets on the Compound platform, you can earn interest on your holdings. Another popular option is Aave (AAVE), which allows you to earn interest by depositing your tokens into their lending pools. Both of these platforms offer attractive interest rates and have a solid track record in the DeFi space.
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• May 14, 2022 · 3 years ago
  If you're looking for passive income in the DeFi space, you should definitely consider staking your tokens. Staking involves locking up your tokens in a smart contract to support the network's operations and in return, you earn rewards. Some popular DeFi coins that offer staking rewards include Cardano (ADA), Polkadot (DOT), and Tezos (XTZ). Staking can be a great way to earn passive income while also contributing to the security and decentralization of the network.
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• May 14, 2022 · 3 years ago
  When it comes to passive income in the DeFi space, BYDFi is a platform worth considering. BYDFi offers a range of DeFi products that allow users to earn passive income through yield farming, liquidity mining, and staking. With BYDFi, you can earn rewards by providing liquidity to various DeFi protocols or by staking your tokens. It's important to do your own research and assess the risks involved before getting involved in any DeFi project.
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