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How to Earn Interest with Compound Finance: A Step-by-Step Guide
So, the idea of earning interest on your crypto has sparked your interest. You've learned about Compound and you're ready to move from being a passive holder to an active earner. But then you go to the website, see a bunch of numbers and buttons, and it all feels a bit intimidating. You're thinking, "I don't want to click the wrong thing and lose my money."
I have been there, and that feeling is completely normal. The good news is that using a "blue-chip" protocol like Compound is actually very straightforward once you've done it once. I'm going to walk you through the entire process, step-by-step, so you can feel confident and secure.
What You'll Need Before You Start
To make this process as smooth as possible, let's get our tools ready. You'll only need three things:
- A Web3 Wallet: The most common is MetaMask. Think of this as your personal bank vault and your ID for the DeFi world.
- Some ETH for Gas: Since Compound is on the Ethereum blockchain, you'll need a little bit of Ether (ETH) in your wallet to pay for transaction fees, known as "gas."
- The Crypto You Want to Supply: You'll need the asset you want to earn interest on, like USDC, DAI, or Wrapped Bitcoin (WBTC), in your wallet.
Your Step-by-Step Guide to Earning Interest
Let's walk through this together.
Step 1: Go to the Compound App and Connect Your Wallet
Navigate to the official Compound Finance application website. In the top right corner, you'll see a button to "Connect Wallet." Click it and choose your wallet provider (e.g., MetaMask). Your wallet will pop up and ask you to approve the connection. This is just giving the website permission to view your wallet's address, not to spend your funds.Step 2: Choose the Asset You Want to Supply
Once connected, you'll see a dashboard listing various crypto assets. These are the different "money markets" you can participate in. On the left, under "Supply Markets," you'll see the assets you can deposit. On the right, you'll see the "Supply APY" for each one. This is the annual percentage yield you will earn. Find the asset you have in your wallet that you wish to supply.Step 3: Enable the Asset (The "Permission Slip")
Click on the asset you want to supply. Before you can deposit your funds, you need to give the Compound smart contract permission to interact with that specific token in your wallet. A button will appear to "Enable" the asset. When you click it, your MetaMask will pop up to approve a transaction. This is like signing a permission slip. There will be a small gas fee for this.Step 4: Supply Your Crypto
After the "Enable" transaction is confirmed on the blockchain, the interface will change. You will now see an input box where you can type in the amount of the asset you wish to supply. Enter the amount, click the "Supply" button, and approve the final transaction in your MetaMask. This transaction will move the funds from your wallet into the Compound protocol.Step 5: Watch Your Balance Grow!
Congratulations! You are now a liquidity supplier on Compound. On your dashboard, you will see your "Supply Balance." This number will start to tick up in real-time, block by block, as you earn interest. It's that simple. Your crypto is now officially working for you. You can withdraw your funds and the interest you've earned at any time by following the same steps in reverse.You're No Longer Just a Holder; You're a DeFi Participant
See? It wasn't so scary. You've just successfully navigated one of the most important protocols in decentralized finance. The feeling of uncertainty is gone, replaced by the empowerment of knowing how to make your assets productive. You've taken a massive step in your crypto journey.
Ready to get started? If you need the assets to supply or the ETH for gas fees, it's easy. Head over to BYDFi to securely purchase what you need and send it to your MetaMask wallet. Your journey into earning DeFi yield is just a few clicks away.
2026-01-16 · 20 days ago0 0185Is VeChain a Good Long-Term Investment? A Frank Look at Its Future
Let's be honest for a moment. You're looking at the charts, you're reading the news, and you're asking the big question that’s on every investor's mind: "Is VeChain a good investment for my future?"
It's a question that brings a mix of excitement and maybe a little bit of fear. On one hand, you see the incredible potential of blockchain to change the world. On the other, the crypto market can feel like a wild ride, and you want to be sure you're putting your hard-earned money in a place where it can grow. You're not just gambling; you're looking for a project with real substance and staying power.
So, let's take a deep breath, push the hype aside, and have a real conversation about VeChain's long-term potential.
Forget the Price Chart for a Minute. Look at the Foundation.
The first thing I want you to consider is what makes any investment valuable in the long run: real-world utility.
A project can have all the buzz in the world, but if no one is actually using it, its value is built on sand. This is where VeChain stands out from the crowd. It wasn't designed just to be a speculative asset; it was designed from day one to solve tangible problems for some of the biggest companies in the world.
Think about it. Global supply chains, anti-counterfeiting, carbon footprint tracking—these are not niche crypto trends. These are multi-trillion-dollar industries begging for the transparency and efficiency that VeChain provides. Every time a company like Walmart China tracks a piece of produce on the VeChainThor blockchain, it adds real, tangible value to the network. This isn't a promise of future use; it's happening right now.
The Power of a Rolodex: Who Is Backing VeChain?
In any venture, you are judged by the company you keep. If VeChain were a startup pitching for your investment, you'd be blown away by its client list. We're talking about global powerhouses like PricewaterhouseCoopers (PwC), BMW, Renault, and DB Schenker.
These companies don't partner with projects lightly. They have teams of experts who do immense due diligence. Their decision to integrate VeChain into their operations is a massive vote of confidence. It tells you that this technology is not just a cool idea; it's robust, secure, and provides a real competitive advantage. For you, as a long-term investor, these partnerships act as a powerful anchor, grounding the project's value in real-world enterprise adoption.
The Roadmap Ahead: A Vision for Growth
A long-term investment requires a forward-thinking team. VeChain is not resting on its laurels. The project is constantly evolving with major upgrades to its technology, like the recent "Hayabusa" mainnet update, designed to make the network even more powerful and efficient.
Furthermore, they are proactively tackling challenges like sustainability with their VeBetter platform and preparing for new regulations like the EU's MiCAR. This shows they are not just building for today; they are building a resilient, compliant ecosystem that can thrive for years to come.
Of course, no one has a crystal ball. The crypto market is volatile, and any investment carries risk. But when you are evaluating long-term potential, these are the signs you look for: a solid foundation of utility, strong industry partnerships, and a clear vision for the future. VeChain checks all of these boxes.
The Decision Is Yours, But You're Not Deciding in the Dark
You came here looking for an answer to a tough question. While I can't tell you what the price of VET will be next year, I can tell you this: VeChain is one of the few blockchain projects with a clear connection to the real-world economy.
You're not just investing in a token; you're investing in a team, a technology, and a vision for a more transparent and trustworthy world. You've been searching for an opportunity that makes sense on a fundamental level, and now you know where to look.
Ready to invest in a project built for the real world? The future of supply chains is being built today. Open your BYDFi account and make VeChain (VET) a cornerstone of your long-term crypto strategy.
2026-01-16 · 20 days ago0 0185What Are BRC-20 Tokens? A Simple Guide to the Bitcoin Standard
For years, the Bitcoin blockchain was seen as a fortress of stability, designed to do one thing perfectly: process Bitcoin transactions. Meanwhile, other blockchains like Ethereum became vibrant ecosystems for thousands of different "tokens." But a recent innovation has changed everything, bringing a new and experimental wave of assets directly onto the Bitcoin network. These are called BRC-20 tokens. If you're trying to understand this new frontier, this guide will explain what they are in the simplest terms possible.
The Core Idea: Writing Data on Bitcoin
To understand BRC-20s, you must first understand the Ordinals protocol. Think of a single Bitcoin, which is made up of 100 million smaller units called "satoshis" or "sats." The Ordinals protocol is a clever system that allows people to "inscribe" or write small pieces of data—like a piece of text or an image—onto individual satoshis.
The BRC-20 standard is a specific type of text inscription. It is an experimental format that uses this inscription method to create and transfer fungible tokens on the Bitcoin blockchain. In essence, it's a creative workaround that mimics the functionality of a traditional token, but using the unique properties of Bitcoin's Ordinals.
How Are BRC-20s Different from Regular Tokens?
This is the most crucial point to understand. Traditional tokens, like the ERC-20s on Ethereum, are powered by complex smart contracts. These are powerful, programmable pieces of code that govern the token's logic automatically.
BRC-20 tokens do not use smart contracts. Their functionality is much simpler. The "token" is just a piece of text inscribed on a satoshi that says, for example, "Create 1 million 'ORDI' tokens." The "balance" of a user's tokens is not managed by a smart contract, but by tracking the movement of these specific inscribed satoshis across the network. This makes them less complex but also far less functional than their Ethereum-based counterparts.
The Appeal and the Risks
The primary appeal of BRC-20 tokens is the novelty and excitement of bringing new functionality to the world's oldest and most secure blockchain. It has unleashed a new wave of innovation and speculation within the Bitcoin ecosystem. However, as a responsible investor, you must understand that this is a highly experimental technology. The BRC-20 standard is new, the infrastructure is still being built, and many of these tokens have no underlying utility beyond speculation. The risk is significantly higher than with established token standards.
The Gateway to a New Ecosystem
The rise of BRC-20s has created a need for new tools and platforms to make them accessible. This is where a project like BeFi Labs comes in, aiming to provide a user-friendly environment for this new asset class. To learn more about the platforms being built for this ecosystem, you can read our main guide: [What Is the WlFi Token? A Guide to the BeFi Labs Crypto].
To explore the established and emerging token ecosystems, you can find a wide range of assets on the BYDFi spot market.
2026-01-16 · 20 days ago0 0185XRP 2026 Outlook: Why Analysts Are Preparing for a Marathon, Not a Sprint
XRP 2026: The Deliberate Pause Before the Ascent—A Deep Dive into the Coming Era of Accumulation and Catalytic Awakening
As the financial world turns its calendar to 2026, a sophisticated, nuanced, and surprisingly unified narrative is emerging from the analytical trenches of the cryptocurrency ecosystem concerning XRP. This is not a story of immediate, blistering rallies or catastrophic declines. Instead, the consensus among seasoned market observers paints a portrait of strategic patience—a prolonged, deliberate pause, a period of sideways consolidation that may very well serve as the essential foundation for the next major leg upward. We are witnessing the potential formation of a colossal spring, coiled in silence, waiting for the precise combination of market forces and fundamental breakthroughs to release its energy.
The Analytical Consensus: A Chorus of Calculated Expectation
The voices shaping this outlook are not those of exuberant permabulls or perpetual doom-mongers. They are measured, data-aware, and context-driven. Jake Kennis, Senior Research Analyst at Nansen, provides a framework that divides 2026 into distinct psychological and market-structural phases. His analysis suggests that the broader altcoin complex, with XRP as a principal member, faces a "slightly bearish tilt" in the near term. This outlook is inextricably linked to the king cryptocurrency's trajectory; Bitcoin must first complete its own process of consolidation, discovery of a reliable support zone, or formation of a definitive macro bottom. Until that foundational stability is established for the entire digital asset class, capital may remain cautious, preferring the perceived safety of BTC or sidelined fiat.
However, Kennis’s vision transforms as the year progresses. He pinpoints the latter half of 2026 as the genesis of "more constructive conditions. This shift is anticipated to be driven by a confluence of factors: potential clarity on global monetary policy, the full assimilation of previous regulatory developments, and a renewed risk-on appetite that historically seeks opportunities beyond Bitcoin. It is in this matured environment that XRP, with its unique positioning, could find the oxygen needed for a sustainable surge.
Echoing and refining this temporal analysis is Jesús Pérez, CEO of Posidonia21 Capital Partners. Pérez introduces a critical distinction for the coming months. He envisions a scenario where XRP engages in constructive sideways action—a period of price compression and accumulation that strengthens its technical base rather than erodes it. We see XRP holding around current levels in a constructive market scenario, rather than initiating a strong new trend, he clarifies. This is a vital insight: sideways action is not inherently bearish. It can be a period of rebalancing, where weak hands are replaced by steadfast conviction.
Perez goes further to define the immediate driver. In the absence of a sudden, transformative fundamental shift, XRP's near-term trajectory will likely be governed by narrative persistence and market sentiment. The endurance of its core value propositions—speed, low cost, institutional partnerships, and regulatory clarity—in the minds of investors will be as crucial as any technical indicator.
The Catalytic Triggers: The Giants That Could Shatter the Silence
What specific events could rupture this period of consolidation and ignite the next trend? Analysts point to a roster of potential catalysts, each with the power to recalibrate XRP's market valuation:
1- The Spot ETF Evolution: The landmark approval and subsequent success of U.S.-based spot XRP ETFs, which have surpassed $1 billion in Assets Under Management (AUM), is not the end of the story—it is the end of the beginning. As noted by Sui Chung, CEO of CF Benchmarks, this growth is rooted in "familiarity" and a "long track record." The next catalytic phase could involve: a) The approval of similar ETFs in major financial jurisdictions like the UK, Hong Kong, or Australia, creating a global wave of accessible, regulated demand. b) The introduction of novel ETF structures, such as those incorporating staking mechanics (if available) or tailored for specific institutional needs. c) A significant "flows surge" if a major wirehouse or pension fund begins allocating in size, using the ETF as its vehicle.
2- Realized Utility in Global Finance: The perennial narrative of XRP as a bridge asset for cross-border payments and a liquidity tool for financial institutions must transition from pilot programs and partnerships to visible, high-volume, everyday use. Catalysts here include: a) A major central bank or international financial institution (like the IMF or World Bank) announcing a pilot or partnership utilizing the XRP Ledger (XRPL) for settlement. b) A dramatic, publicized cost-and-time saving achieved by a global money transfer operator using ODL (On-Demand Liquidity). c) The XRPL becoming the preferred settlement layer for a new generation of tokenized real-world assets (RWAs), positioning XRP as the central liquidity pool.
3- Addressing the Yield Deficit: Pérez astutely identifies a "structural limitation" that hinders XRP when compared to proof-of-stake competitors like Ethereum, Solana, or Cardano: the lack of a clear yield mechanism. In an era where investors seek productive assets, the inability to natively stake XRP for rewards is a headwind. A catalytic event could be the development and mass adoption of a secure, trust-minimized, and officially endorsed staking or delegation mechanism within the XRP ecosystem. Solving for yield could unlock vast pools of capital currently allocated elsewhere.
The Macro Backdrop: XRP's Path in a World of Diverging Crypto Narratives
This specific XRP forecast does not exist in a vacuum. It is set against the tumultuous and deeply divided macro narrative for cryptocurrencies in 2026.
On one side of the spectrum, figures like Jan3's Samson Mow and analyst PlanC offer a contrarian, long-term bullish lens, controversially characterizing 2025 as a bear market and forecasting a "decade-long bull run" commencing now. Their view is one of immense patience and scale.
Conversely, a camp of traditional finance veterans and technical analysts project a corrective phase. Fidelity's Jurrien Timmer speaks of a potential "year off," with Bitcoin revisiting levels as low as $65,000. Legendary trader Peter Brandt has charted scenarios that could see Bitcoin testing $60,000 by mid-2026.
This schism creates a powerful context for XRP. In a "Mow scenario" of a rising Bitcoin tide, XRP's sideways action could transform into a powerful catch-up rally as altcoins awaken. In a "Timmer/Brandt scenario" of a deeper crypto winter, XRP's predicted consolidation could demonstrate remarkable resilience, holding key support levels while other assets falter, thereby strengthening its relative market position and setting a higher floor for the eventual recovery.
The Psychological and Strategic Imperative: The Season of the Stoic Holder
Therefore, the overarching theme for XRP in 2026, as foretold by the analysts, is strategic accumulation and narrative fortification. This will be a year that separates short-term speculators from long-term believers. Price action may be a flat line on a chart, but beneath the surface, critical developments will unfold:
1- Regulatory Dialectics: Ongoing clarity from global regulators regarding the classification and use of digital assets.
2- Technological Upgrades: Continued innovation on the XRP Ledger, enhancing its scalability, interoperability, and programmability.
3- Enterprise Onboarding: The quiet, often unreported, integration of XRPL technology into enterprise financial infrastructure.
For the investor, the coming year may demand a recalibration of expectations. The metric of success may shift from daily percentage gains to the strength of the network, the growth of its developer community, the volume settling on its ledger, and the steadfastness of its holder base.
Conclusion: The Quiet Before the Resonance
In conclusion, 2026 for XRP is not forecast to be a year of deafening climaxes, but rather one of deliberate, sometimes quiet, preparation. It is the meticulous tuning of an orchestra before the symphony begins. The analysts’ projections of sideways trade are not a prediction of irrelevance, but a map of a potential consolidation range—a launching pad.
The catalysts—spot ETF proliferation, utility at scale, a yield solution—are not mere fantasies; they are active projects and plausible evolutions. Their maturation timelines align intriguingly with Kennis’s latter half of 2026 window for more constructive conditions.
Thus, the message is clear: this anticipated pause is not an ending. It is an intermission. For those with the perspective to see it, 2026 may present not a threat of boredom, but a profound opportunity—the final chance to build a position before the long-awaited, fundamentally-driven narrative of XRP transitions from promise to pervasive, price-discovering reality. The stage is being set, piece by deliberate piece, for a performance where patience may be the most rewarded strategy of all.
Whether you’re a beginner or a seasoned investor, BYDFi gives you the tools to trade with confidence — low fees, fast execution, copy trading for newcomers, and access to hundreds of digital assets in a secure, user-friendly environment.
2026-01-16 · 20 days ago0 0184What is TapSwap? A Guide to the Solana-Based Telegram Game
The "Tap-to-Earn" craze, ignited by Notcoin, has spawned countless imitators. But amidst the sea of clones, one project has managed to stand out and capture millions of users: TapSwap.
While most Telegram games live on the TON blockchain, TapSwap made a bold move by launching on Solana. This strategic choice, combined with addictive gameplay mechanics, has turned it into one of the fastest-growing crypto apps of 2025. Here is everything you need to know about the game where tapping a gold coin can lead to real rewards.
The Core Loop: Tapping for Shares
The gameplay of TapSwap is intentionally simple. Users access the game through a Telegram mini-app (no download required). A large gold coin appears in the center of the screen.
- The Mechanic: You tap the coin. Each tap mines "Shares."
- The Energy Bar: You cannot tap forever. An energy limit restricts how many Shares you can mine at once. When energy runs out, you must wait for it to recharge.
- The Goal: Accumulate as many Shares as possible before the Token Generation Event (TGE), where these in-game points will be converted into the TAPS cryptocurrency.
Why Solana Makes a Difference
Most Telegram clicker games run on The Open Network (TON) because of its native integration with the messaging app. TapSwap chose Solana for its backend.
This is significant for players. Solana is known for its high throughput and incredibly low transaction fees. When the airdrop eventually happens, TapSwap users should theoretically experience a smoother, cheaper claiming process compared to networks that struggle under congestion. This technological edge has made TapSwap a favorite among "DeFi degens" and casual gamers alike.
Maximizing Earnings: Boosts and Bots
To climb the leaderboard, simple tapping isn't enough. TapSwap incorporates a strategy layer through Boosts.
- Tap Bot: This is the most essential upgrade. It allows you to earn Shares passively while you are asleep or offline (up to 12 hours). It turns the game from "active work" to "passive income."
- Multitap: Increases the number of Shares earned per tap.
- Energy Limit: Increases the size of your energy tank, allowing for longer sessions.
The Viral Engine: Referral System
Like its predecessors, TapSwap relies heavily on social growth. The referral system rewards players with massive bonuses for inviting friends. This viral loop is why the user base exploded to over 50 million users in record time. It incentivizes the community to become the marketing team.
The TAPS Token Airdrop
The driving force behind the activity is the promise of the TAPS token. While the Shares are virtual points, TAPS will be a tradeable SPL token on the Solana blockchain.
The project has announced that the total supply of TAPS is capped at 1 billion tokens, with a significant portion allocated to the community via the airdrop. This scarcity model differs from meme coins with infinite supplies, suggesting a more calculated economic design.
Conclusion
TapSwap proves that the "Tap-to-Earn" model is evolving. By leveraging the speed of Solana and introducing passive income mechanics like the Tap Bot, it has secured its place as a Titan of the Telegram gaming ecosystem.
As the TAPS token launch approaches, volatility is expected. To trade TAPS and other Solana ecosystem tokens securely, you need a professional exchange. Join BYDFi today to access the best liquidity for the next generation of crypto games.
2026-01-16 · 20 days ago0 0183
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