Yield Token

A yield token denotes ownership of a share of the yield produced by a platform or DeFi protocol that generates yield. These coins are frequently given as rewards or incentives to liquidity providers.

By being tradable assets, yield tokens let users profit from their involvement in lending or yield farming operations inside decentralized financial networks. They provide access to the advantages of passive income for DeFi participants.

More Definitions

Yield Farming

The Decentralized Finance (DeFi) approach, known as "yield farming," involves cryptocurrency investors providing liquidity to decentralized platforms in exchange for incentives or interest.

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