Should We Expect an Eventual Crypto Crash? For a little over a decade now, Bitcoin has been a disruptive game-changer on the global financial stage. As adoption grows and digital currencies gain greater legitimacy, popularity and viability, governments are sitting up and taking notice. Legislation is being written, financial institutions are looking for ways to […]
The way we think about how best to put our crypto to work has changed dramatically with the development of DeFi (Decentralized Finance) applications, which are creating new ways to manage and generate income from cryptocurrencies. They work by interacting directly with your crypto wallet enabling you to perform a variety of functions such as borrowing, lending, exchanging or trading digital assets.
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.
The world of cryptocurrency trading is fast-paced and highly volatile with a huge risk-reward ratio. There are countless ways to trade digital currencies and this increasingly popular asset is gaining traction with professional investors looking for a way to diversify their financial portfolios. Whatever your preferred trading style, experience, profit goals or risk comfort level, you can find a strategy to meet your needs, with common crypto investing strategies like scalping and swing trading.