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
Private Keys
The alphanumeric string which allows transactions from the cryptocurrency address
Block Confirmation
Refers to the number of confirmation a particular block has. Each block ahead of the referenced block adds one block confirmation to it.
Hash
A hash function is an output code (unique and alphanumeric) that we obtain from an input string,
Shitcoin
A coin with no obvious potential value or usage.
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