•5 years
What is yield farming?
Hi. As in the subject. What is this yeild farming, because this phrase appears often in the news about Defi? Could someone explain?
Hi. As in the subject. What is this yeild farming, because this phrase appears often in the news about Defi? Could someone explain?
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Yield farming, also known as liquidity mining, is a process of earning passive income from cryptocurrency assets. Participants in this field can earn additional income by providing their funds in DeFi (decentralized finance) protocols and receiving tokens in return. In short, yield farming is an investment strategy in which users stake their funds in various DeFi protocols to earn from differences in interest rates or other incentives offered by these platforms.
Yield farming, also known as liquidity mining, is a process of earning passive income from cryptocurrency assets. Participants in this field can earn additional income by providing their funds in DeFi (decentralized finance) protocols and receiving tokens in return. In short, yield farming is an investment strategy in which users stake their funds in various DeFi protocols to earn from differences in interest rates or other incentives offered by these platforms.
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