What Is Farming in Decentralized Finance?

Yield farming is the process of using decentralized finance (DeFi) to maximize returns. Users lend or borrow crypto on a DeFi platform and earn cryptocurrency in return for their services.
Yield farmers who want to increase their yield output can employ more complex tactics. For example, yield farmers can constantly shift their cryptos between multiple loan platforms to optimize their gains.

🚀Yield farming is the process of token holders maximizing rewards across various DeFi platforms.
🚀Yield farmers provide liquidity to various token pairs and earn rewards in cryptocurrencies.

How does yield farming work?

Yield farming allows investors to earn yield by putting coins or tokens in a decentralized application, or dApp. Examples of dApps include crypto wallets, DEXs, decentralized social media and more.


Yield farmers generally use decentralized exchanges (DEXs) to lend, borrow or stake coins to earn interest and speculate on price swings. Yield farming across DeFi is facilitated by smart contracts — pieces of code that automate financial agreements between two or more parties.

So, how well do you understand cross-bridge chains?🌚🌚

A cross-chain bridge enables an exchange of information, cryptocurrency or NFTs from one blockchain network to another. It enables the flow of data and tokens across what would otherwise be siloed sets of data on different blockchains.

what are the use of using cross-bridge chains?

⚡️less expense
⚡️time consuming
⚡️fast and safe
⚡️enables users to exchange one cryptocurrency for another without first changing it to fiat currency.
⚡️aren’t limited to just cryptocurrency value transfer either.
⚡️enable the transfer of smart contract and NFTs from one blockchain environment to another.

There are several approaches to enabling transfers with a cross-chain bridge.

🚀 wrapped token
🚀liquidity pool
🚀Polygon and so on.

For more check our social media📲

Website🔗: website
Twitter🐦 : twitter
Discord : discord
Medium : medium
Tg-ann : announcement
Facebook : facebook

NEWS OF THE DAY

According to coindesk, TBD, an enterprise under Jack Dorsey, announced at the Consensus 2022 Festival that it would build a decentralized network platform called "Web5".🚀

#web5 🚀🚀will bring decentralized identity and data storage to applications, let developers focus on creating a good user experience, and return the ownership of data and identity to individuals.

Does your wish list look like ours?
✨✨✨✨
🪄
✨✨✨
🪄
✨✨
🪄
✨

BXH
BXH
more and more #BXH
#GiveMoreWithBXH

For more check our social media📲

Website🔗: website
Twitter🐦 : twitter
Discord : discord
Medium : medium
Tg-ann : announcement
Facebook : facebook
Instagram:Instagram

🚀🚀🚀Empowering digital asset holders requires three things:

☑️ Transparency
☑️ Protection
☑️ Clarity

🚀🚀🚀WITH BXH EVERYTHING IS POSSIBLE AND WORTH INVESTING 🚀🚀🚀🚀

Follow us on our social media📲

Website🔗: website
Twitter🐦 : twitter
Discord : discord
Medium : medium
Tg-ann : announcement
Facebook : facebook
Instagram:Instagram
Reddit: reddit

Happy Father’s Day from #bxh to all fathers .

Another day another choice. Choose wisely! 💫💫

choose #BXH

#cryptocurrency #Web3 #Metaverse #Bitcoin

Freedom from fear = Financial freedom=BXH

✨✨✨#BXH✨✨✨

🎉#BXH The HECO Chain will be launched officially on @BXH_Blockchain
📆On 21 June

📃Stay tuned for more updates‼️ Let's go🚀 bxh.com 🚀 towards bigger future as a One-Stop cross-chain DeFi platform

#BXH #HuobiGlobal #Crosschain