momentum-analytics.io

View Original

DeFI’s Yield farming - what is it?

A lot of the questions we get today in the crypto space are about decentralised finance (DeFi). Of late, yield farming has joined the conversation in a big way. Like all things new, there is large amount of information to digest and understand, this is not helped when the prices of these Defi tokens are going parabolic. The propensity is for people to jump in head first without doing the necessary due diligence.

We recently came across a fantastic article that does a great job at covering all the basics and various names in the space. Select the button below to access this article “What Is Yield Farming in Decentralized Finance (DeFi)?”

As the article perfectly concludes “What else can this decentralized financial revolution bring? It’s impossible to see what new applications may spring up in the future built on these current components. Nevertheless, trustless liquidity protocols and other DeFi products are certainly at the cutting edge of finance, cryptoeconomics, and computer science.

Undoubtedly, DeFi money markets can help create a more open and accessible financial system available for anyone with an Internet connection”