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RE: Finding more opportunities to earn higher yields of RBS tokens in RobiniaSwap

in #rpromo3 years ago

@crypto.piotr

RobiniaSwap and PancakeSwap are AMM Dex...for swapping cryptos and I think this liquidity providing stuff is done to have liquidity to maintain volumes for swap trades.

Borrowing and lending is done in other dexs like AAVE in polygon or venus in Binance smart chain. AAVE workd well because I tried it, I am not able to figure things out in Venus though.

I have heard that its best to obtain these kind of coins through staking than buying them...because why buy it when you can get it free and all...

That's all thank you for providing me a learning experience as well, I am not very well versed in all this, though kind of familiar, I am still DEFI newbie so don't know much.

One thing is that for dexs like this pancake swap and uniswap there is a risk for providing liquidity, that risk is called impermanent loss. Anyway... explaining that will take another article!!

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Seriously you will never stop to amaze me with your responses @mintymile

Thanks for your time and effort :) I truly appreciate it