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
Zero-Knowledge Succinct Non-Interactive Argument of Knowledge (Zk-Snarks)
An acronym for Zero-Knowledge Succinct Non-Interactive Argument of Knowledge, zk-SNARKs refers to a protocol where one can prove posession of a given piece of information (eg a string or hash) without revealing that information and also without any interaction between both the prover & verifier.
Block Explorer
Application or websites which display information such as status of transactions or data contained in a block of a given public blockchain network.
Node
Within the blockchain network, the nodes are computers that connect to the network and have an updated copy of the blockchain
Hashrate
Total processing power of a blockchain or what is the same, are the amount of hash values that can be made in a period of time.
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