Intermediate
Blockchain & Web3
Q66 / 100
What is "yield farming" in DeFi?
Correct! Well done.
Incorrect.
The correct answer is A) The practice of moving crypto assets between different protocols to maximize returns from interest, fees, or token rewards
A
Correct Answer
The practice of moving crypto assets between different protocols to maximize returns from interest, fees, or token rewards
Explanation
Yield farmers deposit assets into lending protocols or liquidity pools to earn interest and/or governance tokens, often moving funds between protocols to chase the highest returns, with associated risks.
Progress
66/100