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
Total Value Locked
Total Value Locked (TVL) represents the number of assets that are currently staked in a protocol or the total quantity of underlying amount of funds that a DeFi protocol has secured.
Airdrop
A way to promote cryptocurrencies by sending some free tokens to traders
Shilling
One who poses as a enthsiastic customer to swindle others as a form of covert advestising.
51% Attack
An attack on blockchain by a group of miners controlling more than 50% of network hash rate
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