Bitrue Launches Yield Farming Hub To Generate Passive Income For Users
Bitrue Exchange recently announced a brand new feature called Yield Farming. This will be a new way for you to earn passive income without any risk of impermanent loss. Bitrue have designed this feature in such a way that they are able to offer super high returns without putting any risk on the user. This is a significant factor that differentiates Bitrue from the rest of the market.
Using Yield Farming Hub on Bitrue is easy and
secure, and you can earn up to 200% APYs in returns on your assets without
having to do anything else except wait for your earnings.
What is
Bitrue Exchange?
Bitrue is one of the most trusted and commonly
used crypto exchanges.
It's launched in July 2018 and established by a
group of blockchain enthusiasts. Bitrue is a cryptocurrency
exchange with support for trading, loans, investments and more. It's
based in Singapore. They offer user with many features from trading spot and
futures market, staking , loans , yield farming and much more.
What is Yield
Farming?
The concept of yield farming is simple - you
stake one token and receive another token as reward for doing so.
Yield farming , in brief, encourage liquidity
providers (LPs) to stake or lock up their crypto assets in a smart contract-based
liquidity pool. A share of transaction fees, interest from lenders, or a
governance token can all be used as incentives. These returns are expressed as
an annual percentage yield (APY).
By introducing a new way to generate passive
income, Bitrue gives crypto users even more ways to be empowered. With the
launch of Power Piggy, BTR
Lockups, and the BTR Vote before and now BTR yield farming, users have an even wider range of options to
choose from.
How to Stake XRP in Bitrue Exchange
How to Use Yield
Farming on Bitrue Exchange?
Steps how to start generating profits by using
Yield Farming on Bitrue Exchange
1.
From the home page, go to Earn button on the top and choose Farms
from the list.
3.
Choose the pool that suits you and hit Stake Now button
4.
A new pop up window will appear. This pop up window will contain all the
needed information you want from Staking Period Date, Staking Period , Staking
End Date and estimated APY. When you ready hit Confirm bottom and you're
all set.
In the Investment List you can see all the information about your invested coins and Est. profits. And from where you may redeem your invested coins early, however, if you do this all your rewards coins will be forfeit.
Sign up an Account in Bitrue Now
How to Buy and Stake Shiba in Bitrue Exchange
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