Member-only story
How To Earn 56% Profit From DeFi Liquidity With Crypto
Many investors prefer to put their crypto to work, rather than collecting dust in their wallets.
Just like on your savings account, it is now possible to receive interest on your crypto holdings.
In this article, you will learn how to receive a 56% Annual Percentage Yield (APY) by providing liquidity to the market.
This is the first part of a three-part series on how to earn interest on your crypto holdings:
- Providing Liquidity
- Staking Crypto
- Lending out your Crypto
Feel free to skip the first part if you aren’t interested in the theory but want to get hands-on right away.
What is liquidity and how does it work?
In an oversimplified form, you could compare providing liquidity with crypto to a physical exchange office. Instead of exchanging dollars and euros, you are exchanging Bitcoins and…