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What Is Yield Farming? DeFi’s Hot Trend, Explained

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What’s behind a fresh wave of enthusiasm for crypto? Something called decentralized finance – or DeFi for short. Bitcoin lets you store and transfer money electronically without government or banks. DeFi is building banking functions on top of that.

This gave birth to Ethereum-based applications such as yield farming and liquidity mining. CoinDesk’s Senior Research Analyst Galen Moore guides us through what all these concepts mean and how people are making money in DeFi.

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