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
Public Keys
The alphanumeric string which serves as a public receiving address in cryptocurrencies.
Sharding
A form of database partitioning which breaks up data into smaller segments.
Bull Market
A bull market indicates the direction of the market going in an upward trend.
Halving
Event that serves to reduce in half the reward of the Proof-of-Work miners that operate in the blockchain network.
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