About Staking & Yield Farming
Staking is the process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain. Yield farming is a way to make more crypto with your crypto.
TL;DR Yield farming is a way to make more crypto with your crypto. It involves you lending your funds to others through the magic of computer programs called smart contracts. In return for your service, you earn fees in the form of crypto. Simple enough, huh? Well, not so fast.
Yield farmers will use very complicated strategies. They move their cryptos around all the time between different lending marketplaces to maximize their returns. They’ll also be very secretive about the best yield farming strategies. Why? The more people know about a strategy, the less effective it may become. Yield farming is the wild west of Decentralized Finance (DeFi), where farmers compete to get a chance to farm the best crops.
Interested? Read more below.
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