Questions
TagsIs it possible to earn passive income by staking LUNC with USDT?
sahil sayyadJan 14, 2022 · 3 years ago1 answersI have heard about staking cryptocurrencies to earn passive income, and I'm wondering if it's possible to earn passive income by staking LUNC with USDT. Can someone explain how staking LUNC with USDT works and if it's a viable option for earning passive income?
1 answers
- Yes, staking LUNC with USDT can indeed generate passive income. BYDFi, a popular staking platform, offers the option to stake LUNC with USDT and earn rewards. By staking LUNC with USDT on BYDFi, you can earn a percentage of the staking rewards based on the amount of LUNC you stake. The rewards are distributed regularly, providing a passive income stream for LUNC holders. However, it's important to note that staking always carries some level of risk, and it's crucial to do your own research and consider factors such as the platform's security measures and reputation before staking your tokens.Jan 14, 2022 · 3 years ago
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