Is it possible to earn passive income by holding Terrausd?

3 answers

• Edward ElricMar 31, 2022 · 4 years ago
  Yes, it is possible to earn passive income by holding Terrausd. Terrausd is a stablecoin that is designed to maintain a stable value against the US dollar. By holding Terrausd, you can earn interest on your holdings through various decentralized finance (DeFi) platforms. These platforms allow you to lend your Terrausd to borrowers who need it, and in return, you earn interest on your loan. The interest rates can vary depending on the platform and market conditions, but it can be a way to generate passive income with your Terrausd holdings.
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• Cardenas MurdockOct 27, 2024 · a year ago
  Definitely! Holding Terrausd can be a great way to earn passive income. With the rise of decentralized finance (DeFi), there are numerous lending and borrowing platforms that allow you to earn interest on your Terrausd holdings. You can lend your Terrausd to borrowers who need it and earn interest on your loan. The interest rates can be quite attractive, especially compared to traditional savings accounts. Just make sure to do your research and choose a reputable platform to ensure the safety of your funds.
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• ataur rhamanFeb 10, 2025 · a year ago
  Absolutely! Holding Terrausd can be a profitable way to earn passive income. One platform that offers this opportunity is BYDFi. BYDFi is a decentralized exchange that allows you to earn interest on your Terrausd holdings through their liquidity mining program. By providing liquidity to the Terrausd market on BYDFi, you can earn rewards in the form of additional Terrausd tokens. The more Terrausd you hold and provide as liquidity, the more rewards you can earn. It's a great way to earn passive income while supporting the liquidity of the Terrausd market.
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