full image - Repost: Is Yield Farming Legit? Beginner’s Guide on What is it, How it Works and Are the Risks and Rewards Worth it? (from Reddit.com, Is Yield Farming Legit? Beginner’s Guide on What is it, How it Works and Are the Risks and Rewards Worth it?)
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If you have heard about Yield Farming and wondered if it was a legitimate practice or even what it is all about, then this beginner’s guide will help you to a better understanding.What Is Yield Farming?By yield farming or liquidity farming, you lend your cryptocurrency to a liquidity pool, which you can access via DeFi (Decentralized Finance) to receive rewards such as interest and more of your staked cryptocurrency. It can also be compared to lending fiat money to a bank, similar to traditional staking.Continue Reading...
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