How to Earn Crypto with Yield Farming?
Yield Farming in DeFi involves depositing tokens into a liquidity pool on a DeFi protocol to earn rewards
These tokens are locked in a smart contract, which programmatically rewards users when specific conditions are met
There are various ways to participate in yield farming, with the most common involving providing liquidity in decentralized lending or trading pools
Liquidity providers (LPs) can earn an annual percentage yield (APY), often paid out in real-time
DeFi projects typically embrace yield farming to encourage platform usage and reward the community.