What Is Yield Farming? The New Age of Decentralized Finance

Finance Tech Brief By HackerNoon

This story was originally published on HackerNoon at: https://hackernoon.com/what-is-yield-farming-the-new-age-of-decentralized-finance.
Wondering what is yield farming and how this strategy can help you profit in the crypto world? We cover all there is to know about this new way of investing.
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Investing in digital currency is a way of earning money without leaving your house or even your bedroom. Yield farming is a financial strategy to earn interest from cryptocurrency. The primary benefit of this strategy is that it results in lower fees and higher interest returns. Like any other investment, yield farming can be profitable, but your earnings will vary depending on the platform, blockchain, liquidity pool, and rates. There is always the chance of impermanent loss if you end up staking your assets and their corresponding rewards drop too much in value.