if you have been in the crypto space long enough you would have heard a lot about yield farming, more so if you have become a decentralised finance enthusiast, so what exactly is yield farming? Yield farming is simply using your cryptocurrency assets to get more cryptocurrency assets, sounds too good to be true right, well its true. How does it work? decentralised finance projects need people to stake (a process of locking up funds in form of cryptocurrency in this instance) their funds in order to secure their project network, so off course this projects need to offer some kind of reward, this rewards could be in the form of multiple tokens such as the one you have staked or a different kind of token, most projects use ERC-20 tokens. Don’t expect to get rich overnight though, like most things already popular the profit to be made is not much, but still it’s better than leaving your cryptoassets idle. What do you guys think about yield farming?
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