THE PROFITS FROM DEFI

The Dapps that record the highest demand have an interface connecting directly to the user’s cryptocurrency wallet. This connection allows them to borrow or earn interest by lending their own capital. These applications are being leveraged by cryptocurrency owners and “yield farmers” who do farming their money to earn interest. They take advantage of DeFi technology protocols to provide liquidity to the market, in return they receive a significant amount of profit. “Yield farmers” lend money to others through a DeFi app. This app will use the money to maintain those activities which are trading or loaning… As a result, Dapps are able to provide high interest rates.

Also, if your money is already in digital currency form and is simply being stored in a regular cryptocurrency wallet, you will earn nothing more while waiting for your currency to rise in price. Instead, the percentage of your annual profit can be higher. if you invest that cryptocurrency in DeFi applications. Moreover, since Dapps are fully automated, you can earn a steady passive income without wasting time tracking the market and managing your portfolio.

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