In a previous Weiss Crypto Sunday Special, host Chris Coney broke down how to earn passive income through liquidity providing, using liquidity pools (LP).
Now, he's going one step deeper to look at a benefit from those pools: receipt tokens.
These are the tokens a pool provides to prove your ownership of the assets you lent it. In this episode of the Weiss Crypto Sunday Special, Chris reveals how you can utilize these tokens, including ...
- Depositing them in a compounding smart contract to boost your passive income,
- As collateral for a loan, subsidized a bit by your LP rewards,
- To keep track of your assets locked in liquidity pools
And more!
Liquidity providing is an excellent way to earn income in a sideways market like this. With receipt tokens, you have even greater opportunities. I suggest you watch Chris's latest video now.
Best,
Beth Canova
Managing Editor
P.S. — You asked, so we're answering! We'll be changing up our Weiss Crypto Sunday Special in the coming weeks, so keep an eye out for that announcement.
