DeFi mining

Despite being a “game” is a secondary role for DeFi Kingdoms, one of the best ways to make money is to sell NFTs (heroes.) The developers are also planning on adding PVP quests where you’ll fight other heroes and earn rewards.

In DeFi, liquidity protocols allow users to deposit their assets and earn interest. Users can borrow assets using their deposits as collateral and earn passive income by contributing liquidity to the market .

Yield farming is one such investment strategy in DeFi. It involves lending or staking your cryptocurrency coins or tokens to get rewards in the form of transaction fees or interest . This is somewhat similar to earning interest from a bank account; you are technically lending money to the bank.

DeFi lending protocols are mostly good for early investors in certain digital crypto-assets, tokens and coins who otherwise mostly just happen to necessarily hoarding them. Profits are based on how much you put up , so for example, 8 percent a year on 1000 USD may not seem as much.