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
Tangle
The name for IOTA's Directed acylic graph (DAG) based transaction settlement layer.
cc0 NFT
A cc0 NFT is a piece of digital content where the IP rights have been relinquished.
Centralized
An organization structure wherein a small handful of actors have control over the entire network.
Bloodbath
In context of trading, the term bloodbath is commonly used to describe a market which is on a downtrend with many assets suffering from value depreciation.
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