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Difference between revisions of "Yield farm"
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Technically any protocol can be considered a yield farm, provided they allow earning an interest on deposits. | Technically any protocol can be considered a yield farm, provided they allow earning an interest on deposits. | ||
== History == | |||
Yield farming became popular with the [[Compound]] token (COMP) launch in June 2020. COMP was distributed to users in return for supplying capital for other users to lend.<ref>https://www.coindesk.com/markets/2020/06/20/compound-tops-makerdao-now-has-the-most-value-staked-in-defi/</ref> Compound's total value locked increased from $97.7 million to $484 million within the first two weeks of the yield farming launch, and as of April 2022 it is $6.11b.<ref>https://defillama.com/protocol/compound</ref> | |||
[[Category:Tools]] | [[Category:Tools]] | ||