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View | 'Yield farming' the second-degree derivative in cryptocurrency space
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cnbctv18.comCryptocurrency, the most recent trend is going into the business of Biblical times i.e. of Business of lending to earn interest.
Yield farming in the crypto world is an investment strategy that holds out hope of bigger returns than most conventional investments that are available these days.When money is deposited in a bank, that is a loan to the bank, for which the bank compensates via an interest in return. Yield farming, also known as yield or liquidity harvesting, involves lending cryptocurrency.
In return, the lender gets interest and sometimes fees, but they’re less significant than the practice of supplementing interest with handouts of units of a new cryptocurrency. The real payoff comes if that coin appreciates rapidly.
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