Yield farming is said to be the practice of maximizing returns through the use of decentralized finance (DeFi). On a DeFi platform, users can lend or borrow cryptocurrency and receive cryptocurrency in exchange for their services. Yield farming is an example of a DeFi investment strategy. It entails lending or staking your cryptocurrency coins or tokens in exchange for transaction fees or interest in the form of transaction fees. You're technically lending money to the bank, so it's similar to earning interest from a bank account. Get ready to witness the Yield farming with the Decentralized Finance platform.
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