Yield Farming — Rocket Fuel Of DeFi Economy

Yield farming involves staking or lending crypto assets to generate high returns or rewards in cryptocurrency. It incentivizes liquidity providers for staking or locking up their crypto assets in a smart-contract-based liquidity pool. The higher the number of funds added to the liquidity pool, the higher the rewards.

THE NEED FOR DEFI YIELD FARMING



For any crypto trading platform, maintaining high liquidity is paramount. Liquidity refers to the ease with which an asset can be converted into cash or other coins without any latency. Exchange platforms with high liquidity are able to fulfill their users’ buy/sell orders quickly and easily.

Yield farming helps ensure that exchanges have enough coins and tokens in the vaults of their protocols to be able to achieve high liquidity and satisfy the requirements of traders.

If you want to leverage DeFi yield farming to achieve and maintain high liquidity on your exchange platform, brugu can help. We develop and deliver business-oriented DeFi yield farming platforms that help you accomplish your business goals.

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