What is Yield Farming - YF Lecture #1 - Tron Fan Club.
Hello Tron Fan Club Community.
How are you my lovely friends ?
I hope my all friends will be good and happy. by the grace of almighty God, I am also Good and well. Today i again come back with new crypto concept in which i will share the new earning technique. It is the lengthy Topic, i will cover it into two to three lectures. This technique is called Yield Farming. It is the great opportunity for those crypto investors who just do the spot trading.
Yield Farming provide the opportunity to earn fixed interest by investing crypto assets in Defi System. If we buy any crypto currency and just hold it in the spot, we can not say that it is Yield Farming but we are lending it on Defi to earn extra interest so we can say that it is Yield Farming.
In the simple words, Yield Farming is a decentralized system that provide the opportunity to traders and investors to lock their asset and earn fixed or variable profit and make more crypto assets by this technique. In the previous lecture i already share the practical lecture of crypto stacking in which i guided the TRX staking. Staking the coins with preset period of time is also called Yield Farming.
I will try to explain it by using a simple example, if I have 1000 TRX coins in the spot wallet and now we want to do yield farming on it and have a mind to make more trx coin by using these TRX coins. So for this, first i will transfer my assets on the Defi platform like SunSwap. SunSwap is also the decentralized platform. For more knowledge you can see my post that i have already make on it.
After successful asset transferring, set/provide the liquidity pool then we can get more TRX coins. we can set APY according to our taste because rewards will distributed on the base of APY.
Thank You Guys For giving your precious time on my Post.
