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
Peer to Peer
A communication protocol that does not require a central hub
Portfolio
A portfolio consists all of your current crypto holdings in one place.
Cold Wallet
Wallets that are offline and require physical access to certain devices (eg. hardware wallet, paper wallets)
Off-chain
It refers to transactions occuring outside the blockchain and executed instantly.
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