The Earn tab in the BOTS app is a section where you can find earn bots that offer a fixed reward. These bots utilize your funds to participate in decentralized financial systems (DeFi) and provide various services such as staking, automated market making, and liquidity provision.
How do earn bots work?
Earn bots use your deposited funds to engage in different DeFi activities, such as staking or providing liquidity. In return for utilizing your funds, you receive a payout on a regular basis, which can be daily, weekly, or per transaction, depending on the specific earn bot. These bots aim to generate profits for you by leveraging your assets in the decentralized finance ecosystem.
What are the benefits of using earn bots?
Earn bots offer several benefits. Firstly, they provide a fixed reward, which can be particularly useful during uncertain market conditions. By participating in DeFi activities, you have the opportunity to earn passive income on your funds. Additionally, earn bots offer a convenient way to engage in decentralized finance without the need for in-depth knowledge or expertise in the field.
What types of earn bots are available?
The BOTS app offers the Savings bots subcategory under the Earn bots. These bots exchange your deposit into a USD-based stable coin and utilize it for BOTS' liquidity pool. The results of these bots are primarily influenced by the exchange rate between the USD and Euro.
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