What is a crypto farm?

Cryptocurrency farming, also known as yield farming, involves users lending their cryptocurrency to an exchange in farms, or pools, to provide liquidity for trading in exchange for incentives. New DEXs and coins often need this liquidity to have sufficient coins in circulation to get up and running.

Is farming cryptocurrency worth it?

Many would argue farming cryptocurrency is very worth it, considering you’re earning interest on cryptocurrencies that were just sitting in your wallet in the first place. Depending on how much you lend, farm yield is especially worth it because you’re almost guaranteed profit.

What is 'yield farming' and how do you grow crypto?

What’s ‘Yield Farming’? (And How Do You Grow Crypto?) Yield farming is a cryptocurrency investment strategy that holds out the hope of bigger returns than most conventional investments are offering these days. It could be a chance for the bold to win big -- or for the holders of new currencies to manipulate prices.

What is crypto farming and staking?

Crypto farming and staking is the act of storing or locking up your assets into a wallet via smart contract. Those assets are then used to fulfill the contract, and can be released back to you after that’s done. Generally, stakers and farmers earn interest on their cryptocurrencies, making your crypto work for you. How do you Yield Crypto Farming?