Cryptocurrency Q&A What are DeFi farms?

What are DeFi farms?

Elena Elena Thu Aug 22 2024 | 6 answers 1518
DeFi farms, have you heard of them? They're a fascinating aspect of decentralized finance, or DeFi, for short. Essentially, they're platforms that allow users to lend or stake their crypto assets in exchange for rewards. These rewards can come in the form of interest payments, tokens, or even a share of the trading fees generated by the platform. But how do they work? What are the risks and benefits of participating in DeFi farms? Let's dive in and explore this exciting world of decentralized finance together. What are DeFi farms?

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