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Do you place your assets on exchanges under Mining Liquidity?

  • Thread starter Thread starter deucher
  • Start date Start date

deucher

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Many exchanges have such a function where you can receive funds for providing liquidity to a certain network from which you have tokens. For example, you can provide liquidity to the Litecoin network and receive 10 percent per annum for it. And this is very profitable because your assets bring a small but additional profit
 
I'm not a Bybit user so I don't use those types of services, in fact I'm stopping using exchange services mostly, I'm tending more towards self-custody and only using exchanges if I need to switch to fiat.
 
I have a very large percentage of my assets in Binance and I earn reward on my assets. During the recent bull market, my assets were earning me around $1 per day in rewards. It is not good to keep your assets in exchanges, especially centralized exchanges, but it you are willing to take risks you also earn some profits
 
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