Community post
Yieldfarming Tipps #1: Basics
In one of my previous posts I gave a small glimpse at the future of crypto and investment: Yield Farming.
In this post I was talking about the Binance Smart Chain and about pancakeswap.finance.
Those who invested at the time I made the post, made a "x100" on their Investment.
In Yield farming there are basically two forms of investment.
You can provide Liquidity for trading Pairs and will be rewarded for that.
Please educate yourself about Impermanent Loss before investing in Liquidity Pools.
The second way to invest is Staking.
Here you stake coins/tokens you posses to get rewards.
In this series I will introduce you to some of the hottest projects and chains.
So stay tuned !
Replies (2)
recently I am beginning to fall in love with the system of Cryptocurrency and is quite interesting thou is kind of little bit difficult because of some Cryto terminologies I haven't heard or come across before, but I am sure with time I will get better and maybe much better with people like you.
am of cause staying tuned to learn how to stake m coins and tokens for my rewards.
meanwhile thanks for upvoting my post earlier on...
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