Put simply it implies locking up crypto assets and receiving staking rewards and interest on those assets.

Farming cryptocurrency meaning. What Is Yield Farming. More specifically its a process that lets you earn either fixed or variable interest by investing crypto in a DeFi market. With this you will earn some fees in the cryptos.

Yield farming is when a user offers their. Each time he or she unloads information on the location in which the grain was grown is uploaded to the blockchain network through precision agriculture. This farm is a place where the farmers or also known as miners do their programs to harvest the digital coins.

A yield farmer is someone who purchases an asset like DAI or ETH and then locks it up in a DeFi protocol in exchange for a return on their investment. If you are opting for cryptocurrency cloud mining all you need to do is purchase a mining contract which generally has a tenure of 2 years. Doing so gives you the chance to earn some cryptocurrency as payment.

Yet another Ethereum based protocol Harvest Finance is a cooperative of crypto yield farmers from across the globe who pool their crypto together so as to earn DeFi yields. Crypto yield farming is the practice of staking or locking up cryptocurrency with the expectation of a return or reward. Hence the production of these farms is going to be the next big thing.

Yield farming is the practice of staking or lending crypto assets in order to generate high returns or rewards in the form of additional cryptocurrency. Yield Farming is the process of your putting your money to work by providing liquidity to different protocols and earning interest aka the yield on it. After yield farmers deposit their funds Harvest automatically farms the highest yields utilizing the latest crypto farming techniques.

The hot new term in crypto is yield farming a shorthand for clever strategies where putting crypto temporarily at the disposal of some startups application earns its owner more. This stops people from trying to spend their currency more than once. Concept of Yield Farming.