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. | ||
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Revision as of 13:51, 26 April 2022
A yield farm is a type of DeFi protocol that offers users interest in return for staking their cryptocurrency in pools or farms.
Yield is generally provided in the form of additional tokens of the same type as that deposited (on lending and borrowing protocols) or more frequently in the form of the native protocol reward token.
Technically any protocol can be considered a yield farm, provided they allow earning an interest on deposits.