At the simplest level a yield farmer might move assets around within.

What is crypto farming reddit. Yield farmers can use a combination of these methods to create a lucrative stream of income but requires a highly monitored process by the individuals due to the associated risks involved. WHAT ARE THE RISKS. One of the latest ones you may have come across recently is yield farminga reward scheme thats taken the decentralized finance DeFi world by storm during 2020.

1 unofficial Chia blockchain discord server Chia coin Miners Group Chia blockchain developer miners pools2021 updated. As mentioned in the yield generation section yield farming is a high risk and high reward strategy. Broadly yield farming is any effort to put crypto assets to work and generate the most returns possible on those assets.

Arguably one of the main reasons people are drawn to the DeFi world yield farming has seen inexperienced investors get. Its impossible to sail the crypto seas without constantly navigating through new trends and buzzwords. 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.

So if you have some crypto assets like Ethereum Tether DAI that are just sitting there in your wallet then you can put them to use to earn passive income with yield farming. Yield farming occasionally also referred to as liquidity mining is one of the latest hype trains within the DeFi space. Some of the risks involved include.

Many experts give credit to yield farming for the astounding growth of the DeFi space this year. Yield farming is changing the way people are HODLing crypto. In my view it is TOMBFINANCE AND APESWAP FINANCE AND THEY ARE DEFI YIELD FARMING PLATFORM.

Yield Farming is a meme which refers to users putting their crypto to work to earn returns on an endless number of different decentralized finance DeFi protocols such as Compound Balancer Synthetix and Curve. Yield farming gets its name from the fact that investors move their assets from platform to platform to seeking the highest yield. It is always important to properly research any project before allocating assets.