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/biz/ - Business & Finance

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29349672 No.29349672 [Reply] [Original]

I really can't understand..

>> No.29349809

>>29349672
Think of a banking term deposit

>> No.29349949

>>29349672
>staking
you put your coins in a big magic treasure chest and it makes coins for you.
>farming
you provide liquidity at a dex and provide the liquidity pool tokens to another magic treasure chest to earn more coins

>> No.29349966

Someone suggested that I do it earlier and I looked on the Binance guide and I left even more confused

>> No.29350010

>>29349949
How do we do that though?

>> No.29350076

>>29349672
If you dont know what staking is then you don't know what a blockchain is.
I suggest you start there

>> No.29350118

>>29349966
if your coin is there on binance, and not sold out, just click it and stake it all, easy as.
What happens is your coins completely disappear from your "overview" and you get the interest paid daily until it's over.

It's good, binance obviously has less interest, but there are no hassles and if you're gonna hold, you may as well stake

>> No.29350143

>>29349672
WHY THE HECKING FUCK WOULD YOU HURT PEPE

>> No.29350168

>>29350010
find it on youtube