TLDR
Decentralized Finance (or simply DeFi) and yield farming becoming mainstream with its applications in the crypto world. With the surge of $4 billion total value locked (TVL) in DeFi, this ecosystem’s development is nothing but viable. Yield farming involves depositing and lending crypto underlying a mining mechanism to liquidate the liquidity pool for lucrative rewards. The emergence of the DeFi Compound (COMP) and Aave is what gave rise to yield farming.via the TL;DR App
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Written by bybit | Bybit, a crypto exchange, offers an ultra-fast matching engine across Spot, F&O, launchpads, earn products, NFTs & more.
