How To Make Money Through Decentralised Finance (DeFi)?

[Good-Person]

The decentralised finance has gained the trust of many people and there are many people who tend to invest money in many organisations that tend to rely on the decentralised financing system. So, how can one earn money through DeFi?

 

[Emmy]

You can make money through Defi since it is a decentralized finance that cannot be controlled. When you are dealing with crypto currency, other parties will it know the profit you have made during rise up. You can transfer so easily and it will be visible to you only.

 

[Riberet19]

Decentralized finance is still something very new and needs more development although right now they are in it, although the total blocked value has decreased in recent times of bear market DeFi still has many opportunities and people are receiving very good returns in different protocols, just look for an ecosystem that you like and explores its opportunities.

 

[Laurentta]

I've heard that one of the simplest way to make money through decentralized finance is to deposit your crypto currency onto a platform or protocol that would pay one an annual percentage yield.

 

[Nomad]

One of the easiest ways to make money on DeFi is through investing in cryptocurrencies and crypto tokens, you make money when the value of your assets grows. If you have invested in crypto tokens and coins, you can also earn an additional amount by staking your assets or earning from a reward pool. You can also trade assets to make money from Decentralized Finance.

 

[Heatman]

I have not taken the opportunity of making money through this aspect of cryptocurrency but I am still going to avail myself to all the telegram group that I am following so that I can learn exactly which ones that I can invest in to avoid going wrong with my investment and I will lose my money.

 

[Mostee501]

1.Yield Farming: Yield farming involves lending or staking your cryptocurrencies in decentralized lending platforms or liquidity pools to earn interest or rewards. By providing liquidity to these platforms, you can earn additional tokens as rewards or a percentage of the transaction fees. 2. Staking Many blockchain networks utilize staking mechanisms, where you can lock up your tokens to support the network's security and consensus protocols. In return, you can earn staking rewards. Liquidity Provision. 3. Decentralized exchanges (DEXs) rely on liquidity providers to ensure smooth trading. 4. Lending and Borrowing: DeFi platforms enable you to lend out your cryptocurrencies and earn interest on your deposits. 5.Building and Contributing; If you have programming or development skills, you can contribute to the DeFi ecosystem by building decentralized applications (DApps) or smart contracts

 

[Heatman]

1.Yield Farming: Yield farming involves lending or staking your cryptocurrencies in decentralized lending platforms or liquidity pools to earn interest or rewards. By providing liquidity to these platforms, you can earn additional tokens as rewards or a percentage of the transaction fees. 2. Staking Many blockchain networks utilize staking mechanisms, where you can lock up your tokens to support the network's security and consensus protocols. In return, you can earn staking rewards. Liquidity Provision. 3. Decentralized exchanges (DEXs) rely on liquidity providers to ensure smooth trading. 4. Lending and Borrowing: DeFi platforms enable you to lend out your cryptocurrencies and earn interest on your deposits. 5.Building and Contributing; If you have programming or development skills, you can contribute to the DeFi ecosystem by building decentralized applications (DApps) or smart contracts

Lending and Borrowing when it comes to using DeFi platforms seems to be the most easiest way to go about using it to make money. How does the percentage look like when you're lending your assets to another person who wants to borrow?