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What is yield farming?

Yield farming is the practice of staking or lending crypto assets in order to generate high returns or rewards in the form of additional cryptocurrency. This innovative yet risky and volatile application of decentralized finance (DeFi) has skyrocketed in popularity recently thanks to further innovations like liquidity mining. Yield farming is ...

Is yield farming the future of Defi?

Yield farming is currently the biggest growth driver of the still-nascent DeFi sector, helping it to balloon from a market cap of $500 million to $10 billion in 2020. In short, yield farming protocols incentivize liquidity providers (LP) to stake or lock up their crypto assets in a smart contract -based liquidity pool.

What is yield farming in Ethereum?

Yield farming is normally carried out using ERC-20 tokenson Ethereum, with the rewards being a form of ERC-20 token. While this might change in future, almost all current yield farming transactions take place in the Ethereum ecosystem. How does yield farming work?

What is yield farming in 2021?

In 2021, total value locked of liquidity pools continues to reach new highs – what exactly is yield farming, how does it work and where can you yield farm? What Is APY in Yield Farming? Yield farming is the practice of staking or lending crypto assets in order to generate high returns or rewards in the form of additional cryptocurrency.

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