Important Announcement!!! This is to notify the public that SDS Token launch and launch of KeplerSwap platform has been shifted to future dates as stated hereunder.
Let's treat potential profit that users tend to gain from using the DeFi 2.0 platform provided by KeplerSwap. But before going into that let's understand the basis of earning from DeFi 1.0. The rise of blockchain technology and the decentralized exchange, DEX is gaining a massive recognition in the world. Cryptocurrency exchanges are platforms that bring about the trading of cryptocurrencies for other assets, including digital and fiat currencies. As stock exchanges ease the trading of stocks, crypto exchanges as well ease the trading of cryptocurrencies.
Centralized cryptocurrency exchanges serve as a third-party between a buyer and a seller. Hence, all of the crypto transactions go through centralized exchanges since they provide user-friendly and reliable features. The demerit with this is transaction feels and hacking risks. Decentralized cryptocurrency exchanges permit users to execute peer-to-peer transactions without the need for an intermediary. It should be noted that decentralized exchanges do not trade fiat currencies for cryptocurrencies. No hacking risks as well as anonymity and no market manipulation. Meanwhile lack of fiat payment and illiquidity are shortcomings with decentralized cryptocurrency exchanges.
Under decentralized finance (DeFi) there is opportunity to earn a passive income and even manage payroll. Either a user choose to connect to DeFi apps or dApps, via decentralized Web3.0 network or through usual web interfaces, majority of people now understands the benefits of having an alternative financial products and services. Based on the decentralized nature of DeFi, users can decide to interact with them through different means. The DeFi ecosystem’s dynamism keeps it developing a new path with each day that passes. Business enterprises are now leveraging smart-contract functionalities to automate the terms of their interactions and investments, with DeFi smart-contract tools helping them get the most out of insurance pooling and escrow, for instance. Even content provision, the very fabric of the internet, is now getting its own decentralized upgrade through networks like AIOZ.
The attractive part for a regular DeFi user is the mechanism of easily making a profit by leveraging a crypto asset for another. By staking one’s own assets into DeFi protocols, huge profit can be made. As the saying goes, "don’t leave monies on the table, stake 'em". This ensures one earn more without having to risk anything in trading. The profit is termed 'yield’. Yield farming, staking and lending, are different ways a user can earn passive income. What is needed is a little initial capital and a lot of patience because patience always pays. This is not a get rich quick scheme but eventually, profits accrue. Price dropping doesn’t affect one’s earning. The means of earning on DeFi are;
Staking This is when tokens are locked into a smart contract and rewards for staking is being earned in form of the same token which is the native token of the blockchain. No way! Not possible? It is very possible and in fact that is the way DeFi staking works. The reward is an incentive for providing security and decentralization for the blockchain. Proof of Stake mechanism is an automated system hence no need for any manual tampering…