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
All-Time-High (ATH)
The highest point (in price, in market capitalization) that a cryptocurrency has been in history.
Wash Trade
Meaningless back and forth trading between a single party with the aim of inflating trade volume.
Permissioned Blockchain
It is a private blockchain where the nodes must be previously authorized by a central entity.
Trustless
Entirely verifiable, without needing to trust or assume an action is done completely and in good faith.
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