Yield farming is a means of earning interest on your cryptocurrency, similar to how you’d earn interest on any money in your savings account. And similarly to depositing money in a bank, yield farming involves locking up your cryptocurrency, called “staking,” for a period of time in exchange for interest or other rewards, such as more cryptocurrency.
Often associated with risky ventures with crazy returns, yield farming has been generating quite a buzz. With Ethereum’s recent success, more and more users are wondering how to use their newly acquired cryptocurrency in order to generate even more returns. Crypto enthusiasts want to know the best possible way to get the most bang for their crypto buck. Many of them are now flocking towards yield farming.
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