Notes

What is Yield Farming? - Exodus

<h1 style="clear:both" id="content-section-0">Facts About What Is Yield Farming? DeFi's Hottest Trend Explained Revealed<br><img width="449" src="https://crypto-ml.com/wp-content/uploads/2019/05/Crypto-ML-Demo-2020.png"><br></h1>
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<p class="p__0">Yield farming is the practice of staking or lending crypto properties in order to create high returns or benefits in the form of extra cryptocurrency. This ingenious yet risky and unstable application of decentralized financing (De, Fi) has skyrocketed in appeal just recently thanks to further developments like liquidity mining. Yield farming is presently the most significant development chauffeur of the still-nascent De, Fi sector, helping it to swell from a market cap of $500 million to $10 billion in 2020.</p>
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<p class="p__1">These rewards can be a percentage of deal costs, interest from lenders or a governance token (see liquidity mining below). These returns are revealed as an annual percentage yield (APY). As more financiers include funds to the associated liquidity swimming pool, the worth of the issued returns rise in worth. At initially, most yield farmers staked widely known stablecoins USDT, DAI and USDC.</p>
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<p class="p__2">Liquidity mining occurs when a yield farming individual makes token benefits as additional compensation, and concerned prominence after Compound began releasing the increasing COMP, its governance token, to its platform users. A Reliable Source farming procedures now reward liquidity providers with governance tokens, which can generally be traded on both central exchanges like Binance and decentralized exchanges such as Uniswap.</p>
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<iframe src="https://www.youtube.com/embed/C6Q4aToJuz0" width="560" height="315" frameborder="0" allowfullscreen></iframe>
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<p class="p__3">These platforms offer variations of incentivized lending and borrowing from liquidity pools. Here are 7 of the most popular yield farming protocols:1. Substance is a money market for loaning and borrowing properties, where algorithmically adjusted compound interest as well the governance token COMP can be earned. 2. Maker, DAO is a decentralized credit pioneer that lets users lock crypto as collateral assets to borrow DAI, a USD-pegged stablecoin.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://thumbor.forbes.com/thumbor/fit-in/1200x0/filters%3Aformat%28jpg%29/https%3A%2F%2Fspecials-images.forbesimg.com%2Fimageserve%2F5f206ac4165652affcb599c8%2F0x0.jpg" alt="The magical world of yield farmingFrom $4k to $1 in under 5 minutes: CryptoCurrency"><span style="display:none" itemprop="caption">What is Yield Farming?Learn how to put your crypto work on… - by Cooper Turley - Zerion</span>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://preview.redd.it/yuv626s31ut51.jpg?width=960&amp;crop=smart&amp;auto=webp&amp;s=7a73609151a84b91ff00d573ed67296cd85e3445" alt="DeFi CryptoTax Guide: Swaps, Liquidity Pools, and Yield Farming - CryptoTax"><span style="display:none" itemprop="caption">Crypto Investors Stand To Earn Massive Harvests with DeFi Yield Farming</span>
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<h1 style="clear:both" id="content-section-1">Facts About What is Yield Farming? - Exodus Uncovered<br></h1>
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<p class="p__4">Aave is a decentralized lending and loaning protocol to develop cash markets, where users can borrow assets and make compound interest for lending in the kind of the AAVE (formerly LEND) token. Aave is also understood for facilitating flash loans and credit delegation, where loans can be provided to debtors without security.</p>
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<p class="p__5">Uniswap is an extremely popular decentralized exchange (DEX) and automated market maker (AMM) that makes it possible for users to switch practically any ERC20 token pair without intermediaries. Liquidity suppliers must stake both sides of the liquidity swimming pool in a 50/50 ratio, and in return earn a proportion of deal costs as well as the UNI governance token.5.</p>
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