SunX offers various opportunities to earn passive income through liquidity mining and staking. Liquidity mining involves providing liquidity to trading pools and earning rewards in the form of tokens. Staking involves locking up your tokens to support the network and earning rewards in return. Both methods can be a great way to generate income from your crypto holdings.
To participate in liquidity mining, you’ll need to deposit an equal value of two tokens into a liquidity pool. The rewards you earn will depend on the amount of liquidity you provide and the trading volume of the pool. Be aware of the risk of impermanent loss, which can occur when the price of one token in the pool changes relative to the other. Staking typically involves locking up your tokens for a specific period.
Before participating in liquidity mining or staking, research the different pools and staking options available on SunX. Consider the risks involved, such as impermanent loss and smart contract vulnerabilities. Diversify your investments and only allocate funds you can afford to lose. Stay informed about the latest developments in the SunX ecosystem to maximize your earning potential.