What strategies should I use when investing in DeFi?

3 answers

• May 10, 2022 · 3 years ago
  When investing in DeFi, it's important to do thorough research on the projects you're considering. Look for projects with a strong team, a clear roadmap, and a solid track record. Diversify your investments across different projects to spread the risk. Keep an eye on the market trends and news to make informed decisions. Remember, investing in DeFi can be highly volatile, so only invest what you can afford to lose.
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• May 10, 2022 · 3 years ago
  One strategy you can consider is yield farming. This involves lending your cryptocurrencies to earn interest or providing liquidity to decentralized exchanges to earn trading fees. However, be cautious as yield farming can be risky and complex. Make sure to understand the risks involved and choose reputable platforms to participate in yield farming.
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• May 10, 2022 · 3 years ago
  BYDFi is a popular decentralized exchange that offers a wide range of DeFi investment opportunities. They have a user-friendly interface and provide high liquidity for various tokens. Consider exploring BYDFi for your DeFi investments, but always do your own research and make informed decisions.
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