Income generation on DeFi, explained

Income generation on DeFi, explained

Modern tools can improve the earning process by diversifying asset exposure and empowering AI for quicker reaction times.

Although DeFi returns appear promising, investors must continue to air on the side of caution and remember even in DeFi, “get-rich-quick” schemes do not exist. Instead, a minimum level of awareness on topics such as how the blockchain works and what an automated market maker (AMMs) is are necessary for users to deploy passive income generation methods. Furthermore, early DeFi projects required users to be highly experienced while having adequate capital at their disposal.

SingularityDAO is one of the few platforms that generate yield by trading cryptocurrency assets through an AI-powered DeFi portfolio, giving users access to a diverse range of crypto tokens.

These tokens exist as DynaSets, which are sets of assets managed by a combination of professional traders and artificial intelligence. After assets are deposited in a DynaSet, users can allocate LP tokens representative of their share of a DynaSet. The Dynamic Asset Manager option will manage the assets, trading coins based on market info and trends, with the intent to generate yield. 

The company claims DynaSets products’ performance exceeded the numbers of popular digital assets –– Bitcoin (BTC) by as much as 13.6% and Ethereum (ETH) by 18%.

Since smart contracts power Dynasets, users have the advantage of immediate reaction time and trade execution across multiple liquidity pools. The result is increased efficiency, fewer fees, and a slippage limit, all without creating an account.

Disclaimer. findcryptonews.com does not endorse any content or product on this page. While we aim at providing you with all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice.


READ also :  Step Finance launches $5 million fund to boost the growth of critical tools on Solana blockchain

Recommended For You

About the Author: Crypto News

Leave a Reply

Your email address will not be published.