Liquidity mining is a DeFi process where you earn rewards by adding your crypto tokens to a liquidity pool. It works through smart contracts, letting traders swap tokens while you earn a share of the fees and sometimes bonus tokens.
The benefits of liquidity mining are earning passive income without having to trade actively. It also allows your idle tokens to work for you by collecting trading fees. You can even help DeFi platforms stay functional by supplying much-needed liquidity. In return, you often receive bonus tokens, which may increase in value.
This guide will cover what DeFi liquidity mining is, its pros and cons, and how it works. We will also explain how to start liquidity mining and whether it is a safe and legitimate process.
What Is Liquidity Mining in DeFi?
Liquidity mining is ..
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