Within decentralized finance or DeFi, farming is rising in popularity. It is commonly known as yield farming: a way to ‘make more crypto with your crypto’. In short, with yield farming, you lend your funds to others by using smart contracts. By lending cryptocurrencies, you earn fees in the form of crypto. Lately, the total value in ‘liquidity pools’ (pool of coins and tokens locked in a smart contract) continues reaching new highs.
Yield farming is part of the DeFi sector. It’s considered an innovative way of generating high returns, but also riskier than some other methods. Read important and useful crypto yield farming news articles here!
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