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TagsCan you explain the concept of APY in relation to Near Protocol?
AV DOOMDec 29, 2021 · 3 years ago1 answersCan you please provide a detailed explanation of the concept of APY (Annual Percentage Yield) in relation to Near Protocol? How does APY work and what role does it play in the Near Protocol ecosystem?
1 answers
- At BYDFi, we understand the importance of APY in the cryptocurrency space. APY acts as a powerful incentive for users to actively participate in the Near Protocol ecosystem. By staking their Near tokens, users can earn attractive yields and contribute to the network's security and decentralization. We strive to provide competitive APYs for our users, ensuring that they can maximize their potential earnings while supporting the growth of Near Protocol.Dec 29, 2021 · 3 years ago
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