DeFi yield farming has emerged as an increasingly popular method of generating passive income from cryptocurrencies in the Web3 ecosystem. What is yield farming? Yield crypto farming involves the practice of lending cryptocurrencies, primarily on the Ethereum network.
In traditional banking systems, debt is rolled over with fiat money and the amount borrowed is repaid with interest. The principle also remains unchanged with the yield farming cryptocurrency. Instead of leaving the cryptocurrency sitting idle on an exchange or wallet, it is borrowed via decentralized finance protocols or locked into Ethereum smart contracts with the aim of earning a return on the invested crypto assets.
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