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Yield farming in DeFi: All you need to know
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cnbctv18.comDecentralised finance (DeFi), an emerging financial technology that aims to remove intermediaries in financial transactions, has opened up multiple avenues of income for investors. Yield farming is one such investment strategy in DeFi.
It involves lending or staking your cryptocurrency coins or tokens to get rewards in the form of transaction fees or interest. This is somewhat similar to earning interest from a bank account; you are technically lending money to the bank.
Only yield farming can be riskier, volatile, and complicated unlike putting money in a bank.Yield farming involves moving crypto through different marketplaces. There is also an element of yield farming where the strategy becomes less effective when more people know about
. Read more on cnbctv18.comAbout this in other media
Solana-based platform provides higher APY for investors with DeFi protocols for leveraged yield farming cointelegraph.com /2 years ago
Bitrue is Launching a New Yield Farming Hub cryptonews.com /2 years ago
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