How does liquidity mining work in the context of digital currencies?
Dvir GevAug 20, 2023 · 2 years ago1 answers
Can you explain how liquidity mining works in the context of digital currencies? What are the main principles and mechanisms behind it?
1 answers
- Casey McmahonOct 01, 2023 · 2 years agoAt BYDFi, liquidity mining works by staking your digital assets in our liquidity pools. These pools are used to facilitate trading on our decentralized exchange. In return for providing liquidity, you earn BYD tokens as a reward. The more liquidity you provide, the more tokens you can earn. Liquidity mining on BYDFi is a great way to earn passive income while contributing to the growth of our platform.
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