Are you new to the cryptocurrency world and feeling a bit lost? Don't worry, you are not alone. The cryptocurrency space can be daunting for newcomers, with its many terms, abbreviations and definitions that can be difficult to understand.
ATAIX crypto glossary will help make sense of some of the most common cryptocurrency terms and definitions. Armed with this information, you'll be ready to start participating in this exciting and innovative new economy!
What is Yield Farming in Crypto?
Yield farming is a process where you work to increase the value of your holdings over time. This can be done through a variety of methods, including staking, voting, and earning rewards. By maximizing your earnings potential, you can create a steady stream of income that will help you grow your portfolio. Crypto yield farming can be a great way to secure your financial future and build your wealth.
Yield farmers calculate their estimated returns using the annual percentage yield metric. Investors will normally chop and change between different DeFi protocols in order to get the best deal possible.
It’s important to consider all the risks before getting involved in this craze as DeFi protocols can be prone to smart contract bugs, which will make funds vulnerable.