What Yield Farming is?
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Yield farming in crypto is when you lend or borrow cryptocurrencies on #decentralized platforms to earn interest or fees.
You can also provide liquidity in pools and receive a portion of the trading fees.
What is providing #liquidity? You contribute your #crypto, which is pooled with contributions from other participants to ensure stable payouts and trading. In return, you receive rewards in the form of additional coins on your deposit.
It's important to note that yield farming is a complex and evolving field in the crypto space. Overall, it's about dynamics, risk assessment, and the need to #DYOR (Do Your Own Research).
Yields, to put it frankly, are not for everyone. While it may be a more profitable option, there are also proportionally larger losses involved.
By analogy, futures trading requires more knowledge than spot trading, the risks are higher, but the earnings can be significantly greater.
If you want to save your assets and earn without too much hassle, we have a fantastic service: Coinhold. Here you'll find straightforward conditions and a good APY on the most reliable coins — the best of both worlds.
P.S. And remember, the largest #miningpool in Eastern Europe is not just any app ??
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1 年by the way, this is quite an interesting topic, I thought I'd try it sometime