Yield farming is the process of using decentralized finance (DeFi) to maximize returns . Users lend or borrow crypto on a DeFi platform and earn cryptocurrency in return for their services.23 Şub 2022
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For example, yield farmers who get involved early with a new project or strategy can reap sizable profits . Returns can range from 1% to 1,000% APY, according to CoinGecko.
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