What Is Leveraged Yield Farming and How It Can Bring Higher Returnsby@fmiren
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What Is Leveraged Yield Farming and How It Can Bring Higher Returns

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Yield farming is putting your crypto assets to work to generate return. The tokens that sit idle in your account can be provided to the liquidity pool. Leveraged yield farming (LYF) is what its name suggests. LYF is capital-efficient which means that you can borrow more than you put up as a collateral. This can strengthen your yield farming positions. As of this writing, 1X (that’s standard yield farming) yield farming on BUSD/USDT on Kalmar, a protocol built on Binance Smart Chain gives only 4.7% APY.

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