How to Generate Passive Income on Veraswap Protocol (PART 2)

Written Below are Means User Can Use to Generate More Profits on the Veraswap Protocol Platforms

Staking: This is simply a process by which Veraswap users’ locks (stakes) token into the smart contract provided by Veraswap and earns more of the same token locked (staked) in return.

Liquid Provider: Veraswap supports swaps between token pairs like VRAP – BNB in its platform. This liquidity can come from pooled users’ tokens/coins (liquid providers), in participating in this, users will earn a certain percentage % of fees from all swap, Proportionally, to the pool share provided. The more trades that are concluded by users via the pool, the more rewards earned.
Note that, the best way to this is by choosing highly liquid pools that contains fewer volatile assets to avoid risks.

Yield Farming: When users LP in Veraswap DEX, users will receive tokens donating their pool share. These tokens can then be locked into yield farms, and users are being rewarded with more of the same token they LP or with a different token. This means that while your pooled tokens/coins are earning a share of all fees in the Veraswap DEX, your LP tokens/coins can also be earned.

Lending: Veraswap rewards users for locking their assets(tokens/coins) into its smart contract. These tokens/coins will be utilized by borrowers on the Veraswap platform who in turn, pay with interests, a percent of these interests will be returned to the user’s who participate in the locking of their tokens/coins on the Veraswap smart contract. Because this process is governed by smart contracts, there are no risks of failure.

Thus, users can withdraw their stakes at anytime.

🔸Official website:
https://www.veraswap.org
🔸Telegram: https://t.me/veraswap
🔸Announcement channel: https://t.me/Veraswapannouncement
🔸Twitter: https://twitter.com/veraswap
🔸Medium: https://veraswap.medium.com