Uniswap, PancakeSwap, Compound, Yearn Finance, Synthetix, Uma, Curve Dao Token, 1 Inch Token, Tenset, Sushi
Why should you invest in this Basket?
What is yield farming?
Yield farming refers to the practice of earning blockchain-based tokens by participating in DeFi (decentralized finance) protocols. Most commonly, DeFi projects will issue a governance token and distribute it to the users of their protocol, generating liquidity as well as a strong userbase. The most popular blockchain platform for yield farming is currently Ethereum.
What are the pros and cons of yield farming?
Yield farming represents a passive way of earning crypto tokens, and is perceived by some investors as a more profitable strategy than trading or holding. However, users should be aware that yield farming comes with certain risks such as smart contract bugs, opportunity cost, and liquidation risk.
31 Jan, 2021
31 July, 2021
Built by research you can trust
Hashfolios are managed by India's top financial experts