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
Privacy Coins
Cryptocurrencies that are designed with transaction anonimity and user privacy in mind.
PFP
It means both 'profile pic' and 'picture for proof'.
Whitelist
List of approved participants that will be given access to a token sale (ICO, IEO, STO etc...)
Gas
A unit of measurement of the computational effort in conducting transactions or smart contracts on Ethereum blockchain.
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