Cryptocurrency Q&A
What does Yield farm mean?
What does Yield farm mean?
CryptoTrader
Sat Dec 21 2024
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7 answers
1093
Yield farming refers to a practice in the decentralized finance (DeFi) space where investors provide liquidity to various DeFi protocols in order to earn rewards, often in the form of tokens. These rewards, known as yields, can be earned by participating in liquidity pools, lending markets, or other DeFi applications.
7 answers
Eleonora
Mon Dec 23 2024
Yield farming is a concept that allows cryptocurrency holders to generate additional income.
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Eleonora
Mon Dec 23 2024
It involves locking up cryptocurrency holdings for a specified duration.
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Davide
Mon Dec 23 2024
During this period, the locked value generates income for the holder.
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EthereumEagle
Sun Dec 22 2024
This income is received in the form of crypto assets.
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Federico
Sun Dec 22 2024
The process of yield farming leverages decentralized finance (DeFi).
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