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What is Yield Farming?

What is Yield Farming?

By Wilton Zigler What is yield farming? In decentralized finance (DeFi) yield farming is a small component of decentralized applications or (dApps) used to maximize the rate of return on your cryptocurrency using various DeFi protocols. Returns can be very lucrative, up to 1,000% APY and higher. With yield returns this high it’s not surprising that user adoption has been increasing. Here are some examples of yield farming. Lending & Borrowing Popular DeFi lending platforms such as Maker, Com…
What is DeFi?

What is DeFi?

By Wilton Zigler If you’re a retail trader or an institutional investor, you may already know DeFi’s meaning in crypto: it’s a blockchain-based form of finance that doesn’t rely on central financial intermediaries. However, if you’re new to the space, DeFi may sound like jargon. But don’t fret, it’s not as complicated as it sounds. Overall, it’s important to know the protocols when investing into projects. DeFi revolves around decentralized applications or dApps. This allows the financial functi…