The Earn Tab Explained
When you visit the Bot store, the first thing you see will be the Earn Tab. Here, you will find all the earn bots - old and new. Let’s dive in deeper.
What are earn bots?
Earns bots are bots that offer a fixed reward. This is possible because your funds are being used to make a decentralized financial system (DeFi) operate. There are many ways your funds can be used; a few examples are staking, automated market making, and providing liquidity. You will receive a payout per day/week/transaction in return for utilizing your funds. In times of uncertainty, these bots can be a great option.
The different categories of Earn bots that you may come across in this tab:
- High-fixed returns: These bots exchange your deposit into two crypto assets which are then provided as liquidity on a decentralized exchange. When traders use your liquidity for swaps, they pay out a trading fee for each transaction.
- Charity bots: These bots can use various Earn methods, like staking. A fixed return percentage will be donated to a charity mentioned in the bot’s description.
- Savings bots: These bots exchange your deposit into a USD-based stable coin and use it for BOTS’ liquidity pool. Only the exchange rate between the USD and Euro affects the results.
And there you have it! A short yet helpful crash course on everything you need to know about the Earn tab.