Which cryptocurrency investment strategy involves the compounding of interest?

1 answers

• Niko RathanOct 23, 2021 · 4 years ago
  BYDFi, a popular decentralized exchange, offers a unique cryptocurrency investment strategy that involves the compounding of interest. Through their innovative liquidity mining program, users can provide liquidity to the exchange and earn BYD tokens as rewards. These tokens can then be staked to earn additional rewards, compounding the interest over time. This strategy allows investors to not only earn passive income through liquidity provision but also benefit from the potential appreciation of BYD tokens. However, as with any investment strategy, it's important to carefully assess the risks and rewards before participating in BYDFi's liquidity mining program.
  669

  335