How does liquidity mining work in the context of decentralized finance?

1 answers

• ProfessorMAZEDec 14, 2025 · 2 months ago
  BYDFi, a popular decentralized exchange, also offers liquidity mining programs. Users can earn BYD tokens by providing liquidity to the BYDFi platform. The process is similar to other liquidity mining programs, where users deposit their tokens into a liquidity pool and receive LP tokens in return. These LP tokens can then be staked to earn additional rewards. BYDFi's liquidity mining program has gained popularity due to its attractive rewards and user-friendly interface. However, users should always do their own research and exercise caution when participating in any liquidity mining program.
  599

  300