If you want to create a crypto business to make money and establish a lucrative venture, then starting with a dYdX clone script could be a good idea.But why? Let’s find out.
A trading platform like dYdX makes money in many ways besides just trading fees. If it's crafted well with strategic functionalities, it creates several ways to earn. Each trade, funding fee, providing liquidity, and governance vote all help generate income on your dYdX-like software.
When you use a dYdX clone script, you're not just making a trading site. You're getting five or more ways to earn money faster. Here’s what they are:
- Earning money from the difference in trading fees when positions are opened and closed.
- Fees from liquidations.
- Differences in funding rates.
- Fee for staking or farming using LP tokens.
- Charges to unlock special features for experienced traders.
CoinGecko says that perpetual contracts trading platforms consistently handle over $4 billion in trades each month, even when the market isn't growing. That's a lot of activity.
The important thing is that a dYdX clone script gives you the technical system quickly. Instead of spending months building everything from scratch, you can launch sooner and start testing ways to make money right away.
So, if you want a crypto business that makes money in many ways, instead of just one, you should seriously consider adding more innovative revenue streams.
You need to hire a reputable dYdX clone script provider who strategically places features and creates a platform that generates consistent income while providing a positive user experience from users.