Yield Farming | Fuelling the Decentralized Finance (DeFI) Space

submitted 4 years ago by anjaliyadavoodlestechnologiescom to bitcoin

Staking or lending crypto assets to produce high returns or incentives in the form of additional cryptocurrency is known as yield farming, an emerging concept in the space of cryptocurrency exchange development and smart contract solutions. Thanks to new technologies like liquidity mining, this revolutionary but risky and unpredictable application of decentralized finance (DeFi) has exploded in popularity recently. Yield farming is currently the most important growth factor in the still-developing DeFi sector, helping it to expand from $500 million in market capitalization to $10 billion by 2020.