Crypto For Beginners - What Is Yield Farming??

in LeoFinance2 years ago

When most people think of the word "farming" they may think of a quiet home in the countryside where a farmer wakes up early to take care of his animals and work in the garden, but "farming" in the cryptocurrency world is anything but slow or old fashioned. Rather, yield farming refers to an advanced cryptocurrency strategy in which users can magnify the returns of their original investment through a combination of lending, providing liquidity, and constantly reallocating cryptos across various DeFi protocols. If this sounds complicated, then join me in today's video where I discuss the basics of cryptocurrency yield farming.

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