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. 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 higher⁷.
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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 collateral⁹.
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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 sources⁸.
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. 💰🚀
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