Yield farming smart contracts
|Yield farming is using cryptocurrencies and smart contracts to get yield or interest on your holdings. |
The simplest version is to move your funds around to get the best yield at the time. You become a banker and are lending out your funds.
Strategies Swap coin to coin with higher yield Liquidity mining Leverage Lending/Borrowing
Examples Lend ETH on Aave and receive a reward Provide liquidity to a pool Create complex chains of investments by reinvesting rewards
Crypto's used for Yield farming Compound Curve Sythetix Balancer Uniswap Aave Yearn.finance
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