What Is Yield Farming in Crypto?
Before we dive into exploring the advantages and disadvantages of yield farming, it may be beneficial to begin by defining what it is and how it works.
Yield farmers are basically crypto liquidity providers. Whether you are yield farming Ethereum, Bitcoin, Ripple or any number of altcoins, the principle remains the same. You put your capital at the disposal of a Decentralized Finance (DeFi) application.
When it comes to making a profit from your Bitcoin and Ethereum, your options are limitless. There are a whole range of exciting passive revenue channels to choose from, and of course, as with all investment opportunities, you will need to establish profit targets and carefully consider your level of risk tolerance before taking the […]
Unless you’ve been hiding under a rock over the last year then you will have heard of Decentralized Finance, often abbreviated to DeFi, the next step in the evolution of digital banking that already accounts for more than $8 billion in crypto assets. Put simply, it is an electronic financial ecosystem that runs on a […]
These days, no well-rounded investment portfolio is complete without digital currencies. Smart investors are diversifying, by HODLing coins to benefit from long-term appreciation, or executing rapid-fire, short-term trades to exploit the crypto market’s exceptionally high volatility. Crypto offers some of the world’s most lucrative investment opportunities and with the growth of this emerging asset class, […]