Earnity`s Dan Schatt and Domenic Carosa Discuss Earnings in DeFi Space

The decentralized finance (DeFi) market is constantly moving, with new opportunities arising every day. Experienced traders have found various ways to take advantage of these opportunities and make a lot of money. Dan Schatt and Domenic Carosa of DeFi startup Earnity explore the DeFi activities that allow people to earn revenue. 

 

Lending: Lending is one of the most popular methods for earning revenue in DeFi. Lenders can profit by providing liquidity to protocols and making interest on their collateral. The interest rates offered by each protocol vary, but they are generally much higher than what traditional banks offer. 

 

Another advantage of lending is that it is a low-risk purchase. The borrower can only default if they lose the collateral they put up, and most protocols have insurance to protect lenders from losses. This makes lending an excellent way for experienced traders to make passive income. 

 

DEX Trading: DEX (decentralized exchange) trading is another popular way to make money in DeFi. DEXes permit users to trade cryptocurrencies without depositing them into a centralized exchange. This means that there is no central authority that can be hacked or shut down, and users retain complete control of their funds. 

 

Additionally, several individuals are interested in DEX trading because it grants anonymity. According to Dan Schatt and Domenic Carosa of Earnity, this option is ideal for traders who want to maintain their privacy. 

 

Staking: Staking is another method of generating money in DeFi. Stakers are rewarded for locking up their funds in a staking protocol. The locked tokens serve as collateral for the validation of crypto transactions. The more tokens a staker locks up, the more they can earn. 

 

The DeFi is a great way to generate passive income because stakers can earn rewards even while they are offline. Moreover, staking is a relatively low-risk purchase because the funds are not being used actively and are therefore not subject to price fluctuations.

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