WHAT IS YIELDFARMING?
Income farming is the practice of placing or locking tokens in exchange for rewards. While the expectation of return on investment is nothing new, the general concept of "yield farming" emerged from the decentralized financial sector.
THE ROLE OF LIQUIDITY PROVIDER IN...
Show more...WHAT IS YIELDFARMING?
Income farming is the practice of placing or locking tokens in exchange for rewards. While the expectation of return on investment is nothing new, the general concept of "yield farming" emerged from the decentralized financial sector.
THE ROLE OF LIQUIDITY PROVIDER IN YIELD FARMING:
Yield Farming is not achievable without the liquidity providers who stake their deposit in liquidity pools. The pools act as a smart contract where a buyer and seller agreement is coded and made available in the decentralized blockchain platform. Some of the leading mining platforms are:
Compound
Yearn
Dao Maker
Uniswap
WHAT ARE THE
BENEFITS?
The benefits of yield farming are obvious - profit. Farmers who start a new project early can be rewarded with tokens, the value of which can rise quickly.
If they sell these tokens at the right time, a significant profit can be made. These profits can be reinvested in other DeFi projects to generate even more income.
You can buy Farming Smart contract Development + Web interface using cryptocurrencies: Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dogecoin, Dash, Tether, XRP, Monero, Ethereum Classic, Zcash, Binance Coin, Tron, Dai, USDC, Shiba Inu, Stellar, DigiByte, Cardano, Bitcoin Gold, Qtum, Binance USD, EOS, Solana, Polygon, Wrapped Bitcoin, Pax Dollar, Polkadot, Bitcoin SV, Chainlink, Gemini Dollar, Decred, Filecoin, Fantom, Bitcoin Lightning Network, Holo, Groestlcoin, XEM, Komodo, Quant, PIVX, Crypto.com Coin.
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