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How does liquidity mining work in the context of digital currencies?

avatarAditya Rohan NarraDec 26, 2021 · 3 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?

How does liquidity mining work in the context of digital currencies?
Liquidity Mining
Digital Currencies
Cryptocurrency

1 answers

  • avatarDec 26, 2021 · 3 years ago
    At 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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