Understanding Yield Farming Crypto
Yield farming crypto is one of the methods to get passive income from your crypto assets. With yield farming, you can profit from your crypto assets without having to sell them. This means you still hold onto your crypto assets while earning profits. Earning profits from cryptocurrency isn't by trading activities. There are other options you can use to profit from your own crypto assets, one of them is yield farming. So, what is the definition of yield farming? We'll explain it more clearly in detail below. Understanding Yield Farming Yield farming is a method of generating crypto assets from held crypto assets by lending them to DeFi platforms. The process involves depositing or lending your crypto assets to other users, and as compensation, you'll receive yields. The concept is somewhat similar to traditional banking practices, where customer funds deposited are lent out to borrowers. Eventually, borrowers are charged interest, some of which is given as compensation to t