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kingy.degen.eth🎩🎭
@kingy
Putting your $$ to work is a valuable attribute to our crypto ecosystem. If you don't have the tolerance to gamble on 💩 coins, yet wish to produce something on the crypto You have...Staking or Liquidity Providing are great options. Personally I prefer LP'ing as I have more control over my assets and they do not become locked up for extended periods of time. While volatile price action affect an LP's position much more than staking - you're able to remove liquidity whenever you want. When liquidity is provided, it is setup between two or more assets, a.k.a. the 'pool.' How trading commission is earned is done through individuals using the platform to swap tokens. When the tokens are swapped in a pool that you've provided liquidity on, a percentage of the swap-fee is devoted to your LP portion; dependant upon the size of your LP holdings. Platforms such as @aerodrome are incentivized to share fee's with LP providers simply because it means they do not have to solely hold all that crypto themselves.
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kingy.degen.eth🎩🎭
@kingy
DYOR Do Your Own Research **Only use funds that you can afford to use/lose**
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Hogan Prison no 619
@hoganthereformed
Are you providing liquidity for moxie ?
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