Yield Farming
Zarabianie przez dostarczanie plynnosci w DeFi.
Yield farming involves deploying crypto assets into DeFi protocols to earn returns. The simplest form is depositing tokens into a lending protocol to earn interest. More complex strategies involve providing liquidity to AMMs, staking LP tokens in farms, or leveraging across protocols.
Yields in DeFi come from several sources: trading fees (from AMM swaps), interest payments (from borrowers), token incentives (protocol emissions to attract liquidity), and points programs (promising future airdrops). The highest yields typically come from the riskiest strategies.
The "DeFi summer" of 2020 saw annualised yields exceeding 1,000% on some pools, but these proved unsustainable as token incentives diluted and market conditions normalised. Modern yield farming focuses more on sustainable fee-based returns than speculative token emissions.
Yield farming is how capital earns returns in DeFi. Understanding the sources and risks of yield is crucial for evaluating DeFi protocols and their sustainability.
Jak CryptoRadar24 to sledzi
CryptoRadar24 presents TVL and yield data for DeFi protocols linked to each tracked asset, helping users assess where capital is being deployed and what returns are on offer.
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FAQ
Is yield farming risky?
Yes. Risks include smart-contract bugs, impermanent loss, token devaluation, rug pulls, and opportunity cost. Higher yields generally mean higher risk.
What is APY vs APR?
APR is the simple annual rate. APY includes compounding. A 100% APR compounded daily equals roughly 171% APY.
Where do high yields come from?
Usually from token incentive emissions. Protocols issue their own tokens as rewards, but these tokens can lose value, making the real yield much lower.
Can yield farming returns be negative?
Yes, if impermanent loss plus fee costs exceeds earned rewards, or if the farmed token drops in value faster than yields accrue.