. Yield Farming:
- Yield farming involves providing liquidity to decentralized finance (DeFi) protocols.
- By lending your crypto or participating in liquidity pools, you can earn rewards in the form of tokens.
- Be aware that yield farming can be more complex and riskier, but the potential rewards are higherâ·.
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4. Lending and Borrowing:
- Lend your crypto to others and earn interest. Platforms like Compound and Aave facilitate this.
- Alternatively, borrow crypto and pay interest. This strategy requires careful consideration of risks and collateralâč.
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5. Dividend-Earning Tokens:
- Some tokens pay dividends to holders. Research projects that distribute rewards based on token ownership.
- These dividends can come from transaction fees, network activity, or other revenue sourcesâž.
Remember that while these strategies offer opportunities, they also come with risks. Always assess the risks and choose methods that align with your financial goals and risk tolerance. đ°đ