Hello everyone. A few months ago, a decentralized exchanger Liquid Swap appeared on the Binance cryptocurrency exchange, but not everything is exchanged for cryptocurrencies. As far as I understand, only Fiat and Defi coins (I call them that).
In general, I did not delve into the roots, and it makes no sense. We have the main understanding that this is another version of the exchanger.
Now let’s get down to how you can make money on this?
Can you make money with Binance Liquid Swap?
When it comes to passive earnings, there are a lot of people who want to grab a piece of profit. As a rule, they do not want to invest a lot, but they dream of big returns.
I would like to test this tool myself. It is still a mystery to me how much you can earn on this exchanger, which was provided by Binance.
Briefly how it is earned.
I will give my own example: let’s say you have 1473 BUSD free on the exchange. In the top menu list, we find the finance tab. In the dropdown menu, click on Liquid Swap:
The first tab is “Liquidity”. Here we add our BUSD asset to the liquidity pool. If I only have BUSD available, and I chose the BUSD / USDT pair, then my 1473 BUSD will automatically be divided into the asset in the selected liquidity pair as well.
So, I was interested in the EUR / BUSD pair – average income for 7 days,% per annum = 62%
Everything suits me. Sorry for the quality of the last image. Photo from the phone …
I always recommend that you photograph the moment when you fix something with your phone, so that later you can understand what you earned, and earned in general …
After the asset is added. We go to the tab “my share” and constantly monitor earnings. Let me remind you that you will not earn millions here. But to calculate how much I should earn, for example, in 1 month, you can try.
1473 * 62/100 = 913 (for 1 year). Divide 913/12 = $ 76 per month. It seems like a good figure is emerging.
It turns out that in 7 days I should earn about 17 dollars, but something tells me that I should earn less.
Let’s fix this moment, and I will try to be patient and wait 5-7 days to see the result.
Of course, I will unsubscribe about the results, either here in the comments (most likely) or I will publish a new article.