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If anyone is interested in holding DEX tokens for passive income $BNT is worth a look. It has many deflationary mechanics & one of the highest TVL’s in crypto. All my $link Padres rave about it, so I had to see for myself. This is a great thread on the mechanics of the protocol.
If you’re new to the DEX scene, it will be beneficial to understand general AMMs such as #Uniswap works first. You should have a grasp on impermanent loss & it’s effects on liquidity providers. blog.bancor.network/beginners-guid…
Once you understand the general AMM system used by the most popular DEX’s today & the strengths and weaknesses of them, we can examine why $BNT offers an attractive model comparatively! Next up I will briefly discuss DEX aggregators.
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