Yield Farming
By CoinGecko | Updated on Aug 13, 2021
Yield farming involves putting cryptocurrency into a DeFi protocol to collect interest on trading fees. Liquidity providers can profit by providing liquidity in DeFi protocols like Uniswap, utilizing assets that would otherwise sit idle on an exchange or hot wallet.
Related Terms
Bots
Refers to software or programmes that automatically trade based on preset behaviours.
Decryption
The process of decrypting data that was previously encrypted (made unreable) back to a readable form.
Bullish
A term used to indicate positive sentiment towards the market or an asset, where investors believe that there will be upward price movement.
Fiat-Pegged Cryptocurrency
Cryptocurrencies are pegged to an underlying asset.
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