How does DeFi Staking Software Work?
Defi Development Services30 May, 2022Web Development
Staking on DeFi protocols is popularly known as liquidity mining or yield farming. This is a win-win opportunity for both DeFi token holders as well as the protocol operators. That?s because while the token holders earn interest and rewards, the process provides liquidity to the DeFi protocol. If the DeFi tokens are staked on a decentralized exchange (DEX), the liquidity providers or token stakers earn a part of every transaction that is made on the DEX in addition to the Liquidity provider tokens (LPTs).
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