Melody
@aseshah896745231
566 Following
570 Followers
2 replies
0 recast
1 reaction
0 reply
0 recast
1 reaction
1 reply
0 recast
0 reaction
8 replies
0 recast
0 reaction
6 replies
0 recast
0 reaction
9 replies
0 recast
0 reaction
10 replies
0 recast
0 reaction
How Degens make money
Degens employ various strategies to generate income within Web3, leveraging the unique opportunities offered by decentralized platforms. Some common methods include:
Yield Farming: Degens often participate in yield farming by providing liquidity to decentralized exchanges (DEXs) or lending protocols, degens earn fees and rewards in the form of tokens.
Trading and Speculation: Degens actively trade cryptocurrencies, tokens, and NFTs on decentralized exchanges and secondary markets, capitalizing on price fluctuations and market trends.
Participation in Launches: Early participation in token launches, initial decentralized exchange offerings (IDOs), or NFT drops can yield significant returns if projects succeed and tokens appreciate in value.
Contributing to DAOs: By participating in decentralized autonomous organizations (DAOs), degens may receive rewards for governance activities, voting on proposals, or contributing to community-driven initiatives. 15 replies
0 recast
2 reactions
10 replies
0 recast
2 reactions
6 replies
0 recast
0 reaction
5 replies
0 recast
0 reaction
0 reply
0 recast
1 reaction
1 reply
0 recast
0 reaction
6 replies
0 recast
1 reaction
8 replies
0 recast
0 reaction
0 reply
0 recast
0 reaction
11 replies
0 recast
0 reaction
3 replies
0 recast
0 reaction
2 replies
0 recast
0 reaction
16 replies
0 recast
1 reaction