The simplest and most convenient means of earning passive income through DeFi is by depositing one’s crypto into a platform that provides users with an APY (annual percentage yield). The core difference here is that while most banks provide users with interest rates ranging between 0.2 percent to 0.6 percent at max, DeFi returns can go as high as 15 percent.
Biconomy is a multichain transaction platform that empowers Dapps by using the concept of meta transactions to provide a simplified onboarding and transaction experience for Web3 projects on blockchain and crypto networks. The developer-friendly platform employs powerful and easy-to-use SDK/APIs to delight users by eliminating blockchain complexities through gas-efficient meta-transactions. More so, Biconomy infrastructure enables developers to grow their user base by implementing the perfect experience for crypto savvy and crypto noobs in order to decrease drop-offs and drive higher conversion.