Moving crypto between DeFi protocols to earn the highest possible returns from interest, trading fees, and token rewards. Farmers often chase incentives paid in a protocol's own token. Yields can be high but carry risks from smart contract bugs, impermanent loss, and rewards that lose value quickly.
Web3 Basics
Yield Farming
Related terms in Web3 Basics
Web3
The vision of an internet built on public blockchains where users own their data, assets, and identity instead...
Blockchain
A shared database duplicated across thousands of computers, where records are grouped into blocks and linked i...
Cryptocurrency
Digital money secured by cryptography and recorded on a blockchain, allowing people to send value directly wit...
Token
A digital asset created and managed by a smart contract on an existing blockchain, rather than having its own ...