In today's prosperous era of digital currency, DeFi (decentralized finance), as an emerging form of finance, has attracted more and more attention and participation. Among them, DeFi mining and redemption is one of its core operations, and the time and introductory knowledge required for this process have always been the focus of the community. This article will take an in-depth look at the time it takes to mine for redemption in DeFi while providing a comprehensive getting started guide for beginners.

 DeFi Mining Redemption Time Analysis

First, let’s explore the time it takes to mine and redeem in DeFi. In the world of DeFi, mining refers to the process by which participants earn rewards by providing liquidity, while redemption is the operation of getting these assets back. Generally speaking, the time for DeFi mining depends on factors such as network congestion, gas fees, and the type of project chosen by participants.

On the Ethereum network, since the execution of its smart contracts consumes Gas fees, the time for DeFi mining and redemption may be affected by Gas fees. When the network is congested, gas fees will rise, resulting in longer transaction confirmation times. Therefore, DeFi participants need to consider the fluctuation of Gas fees when choosing mining projects and redemption opportunities to obtain a better experience.

In addition, different DeFi projects have different mechanisms and rules, which may have an impact on the time of mining and redemption. Some projects may set lock-up period restrictions that require redemption operations after a certain period of time, while some projects allow redemption at any time. Therefore, participants need to carefully read the relevant rules and understand the time requirements for mining and redemption when choosing a project.

 Detailed introduction to DeFi mining knowledge

Now, let’s turn to the introductory knowledge of DeFi mining. For beginners, it is crucial to understand the basic concepts and operating procedures of DeFi mining. First, you need to choose a reputable, safe and reliable DeFi platform, register an account and complete identity verification.

Next, you need to deposit funds into the platform as a liquidity provider to participate in mining. When choosing assets, it is recommended to diversify your investments and reduce risks. Once funds are deposited into the platform, you will start receiving corresponding rewards, which will be calculated based on the amount and time of liquidity you provide.

In addition, as a DeFi participant, you also need to understand the basic principles and security of smart contracts to ensure the safety of your assets. At the same time, regularly pay attention to the latest developments and project updates in the DeFi market, and adjust your investment strategies in a timely manner to obtain better returns.

In general, the time for DeFi mining redemption depends on a variety of factors, including network congestion, gas fees, project rules, etc. To become an excellent DeFi participant, in addition to understanding the time requirements for mining and redemption, it is also crucial to master the basic knowledge and operating procedures of DeFi. I hope this article can provide you with useful information and help you better understand and participate in the world of DeFi.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Speaking of DeFi, everyone has heard of it, but do everyone really understand DeFi? In fact, DeFi provides us with a future financial possibility, because their basic asset is cryptocurrency, and the current biggest use of cryptocurrency is speculation, so we can understand the problem solved by DeFi projects as how to better, More convenient speculation. With the explosion of DeFi, more and more users in the currency circle are attracted by various forms of DeFi mining strategies, so they have also participated. But many investors still don’t know how long it takes to redeem DeFi mining? Let the editor of Coin Circle introduce to you the introductory knowledge of DeFi mining.

 How long does it take for DeFi mining redemption?

In 2021, DeFi mining has also extended a variety of methods (liquidity mining, synthetic assets, fixed interest rate products, single currency staking, etc.). Although there are many people participating, many people do not know how to mine themselves. What are the benefits generated by.

Mining has the "Third Law of Mining". Miners need to know where their profits come from, otherwise their principal will be other people's APY. In DeFi mining, you must understand the logic of the mining APY, and do not "get mined" if you want to mine.

Income from DeFi mining is generally calculated in terms of APY (Annual percentage yields annual yield on deposits), which corresponds to APR (Annual percentage yields).
rates nominal annual interest rate), the difference between the two is whether compound interest is calculated, and APR does not calculate compound interest. When the annual rate of return is the same, the actual daily income of APY will be lower than the APR. Compound interest can make APY appear artificially high.

Of course, there are also situations where "what you see is not what you see." Some DeFi project teams do not pay attention to the difference between APY and APR or "deliberately" falsely mark APY, and need to calculate the actual income by themselves.

There are four main types of mining APY:

The platform generates income from loan interest;

Mining platform coins (mining coins) generates profits;

Pledge TOKEN to obtain the income generated from the platform's coin minting, redemption, trading and other operations;

The machine gun pool (valut) APY is derived from automatic re-investment and investment strategies.

There are generally four types of mining APY output. Excellent projects can combine strategies to achieve a sustainable output.

 Introduction to DeFi mining knowledge

1.What is liquidity

For example:

Just like a pool, if the water in the pool needs to flow, there are two ways:

·The first way is to flush water into the pool

·The second is to let the water in the pool drain away

This will make the pool flow.

Therefore, the pool is the concept of capital pool in our financial field. The continuous water is the flow of capital, that is, the ability to buy and sell, or the ability to borrow, which is the so-called liquidity.

2. Standards for measuring liquidity

·Transaction speed: the speed of capital flow and the speed of transaction completion;

·Transaction price: The closer the price at which the transaction is completed is to the "fair price," the smaller the often-called "slippage" is and the better the liquidity is;

·Trading depth: Trading depth can be used to measure the price stability of the market;

·Transaction elasticity: the speed of recovery to “fair price”.

3. Classification of mining

·Transaction mining: exchange coins for coins

·Loan mining: borrow currency to exchange currency

·Pledge mining: pledge to exchange coins

4. Liquidity mining

The process of depositing or lending designated token assets as required, DeFi products with mining mechanisms, and providing liquidity for the product's capital pool to obtain income is the native token of the project.

This article is the editor’s answer to the question of how long does it take to redeem DeFi mining and an introduction to the introductory knowledge of DeFi mining. Currently, DeFi mining still faces many risks, including the risk of annualized rate of return. In the field of high annualized rate of return and promises of high returns, it is easy for people to forget that in fact, your annualized rate of return is unstable. ; There is also the risk of mortgage liquidation. When using mortgage loans, liquidation may occur; smart contracts also have certain risks. If someone successfully attacks or exploits a vulnerability in the contract, the security of your funds will be affected.