How To Beat The Crypto Market With Algo Trading Strategies - Introduction To Yield Farming & Staking
Vladimir N.
Contributor at Forbes & Entrepreneur | C-Level Blockchain, iGaming & Marketing Executive | Growth Hacking & Scaling Consultant
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.
While staking can work differently depending on the cryptocurrency, most use staking pools. Crypto traders combine their funds in these staking pools to have a better chance of earning staking rewards.
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Senior Managing Director
1 年Vladimir N. Thank you for sharing this insightful post. I found it to be very informative and thought-provoking.