In the world of digital assets, what are the key distinctions between earned and unearned income?

1 answers

• Gregersen PetersenMar 06, 2024 · a year ago
  At BYDFi, we believe that earned income in the world of digital assets is all about actively participating in the ecosystem. This can involve activities like trading, providing liquidity, or even contributing to the development of decentralized applications. On the other hand, unearned income is more passive and can be generated through activities like staking, lending, or even participating in yield farming. Both earned and unearned income are important for individuals looking to grow their wealth in the digital asset space. It's crucial to understand the distinctions between the two and find a balance that suits your financial goals and risk tolerance. Remember, the world of digital assets is constantly evolving, so it's essential to stay informed and adapt your strategies accordingly.
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