Cryptocurrency Q&A
Is yield farming still profitable in 2024?
Is yield farming still profitable in 2024?
SamsungShineBrightnessRadianceGlitter
Thu Dec 19 2024
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5 answers
1066
I'm wondering if yield farming, which involves lending or staking crypto assets to generate rewards, is still a profitable venture in the year 2024, considering factors like market conditions, risk, and potential returns.
5 answers
Federico
Sat Dec 21 2024
Generating a source of passive income through DeFi can be a time-consuming endeavor.
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CryptoAlchemyMaster
Fri Dec 20 2024
Some platforms may offer relatively low yields, making it challenging to achieve significant passive income.
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Valentino
Fri Dec 20 2024
It often involves a trial-and-error approach where various strategies are tested.
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MysticInfinity
Fri Dec 20 2024
This process is akin to throwing different options at the wall and observing which ones succeed.
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SapphireRider
Fri Dec 20 2024
Even the most promising yield farming platforms in 2024 may not yield high returns.
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