Good evening, can you please explain a bit about trading bots and where I can find them on Binance?
Dani_Valdez-1408
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Bullish
For the past two days, I started using trading bots and I have been making profits.. on the first day it took 15 hours and I made a profit of 7 USD, on the second it took about 10 hours and I made 9 USD, and today I opened another one and in just 3 hours I already have 10 USD.. I recommend using trading bots, but you should also analyze the currency you are going to enter and where the market is heading, and you should enter a bot that has just been activated. I know there can be gains and losses with the bots, but personally, I have lost more MYSELF than with the bots.
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#BinanceEarnYieldArena Yield farming is an investment strategy that involves depositing cryptocurrencies in DeFi platforms to earn rewards. It is also known as "yield agriculture".
How it works
You deposit cryptocurrencies into a liquidity pool.
Other people use your cryptocurrencies for loans or exchanges.
In return, you receive rewards.
Advantages and risks
Yield farming can generate passive and high returns.
However, it also involves significant risks, such as impermanent loss and smart contract failures.
Considerations
Returns are measured in annual percentage rate (APR) or annual percentage yield (APY).
Yield farmers often move their assets between protocols or chains to take advantage of higher yields.
Yield farming is a cryptocurrency trading strategy that aims to maximize returns.
DeFi Platforms
Uniswap is a platform where stablecoins like USDT or USDC can be deposited into a pool.
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