At the end of 2017 and the beginning of 2018, ICOs and newly created Ethereum tokens were making the biggest headlines in the cryptocurrency space, asides from Bitcoin. But those days are now gone. New technologies have stepped up to take their place. Decentralized finance and DeFi protocols have taken over the blockchain industry and given birth to yield farming.
This innovative new approach to profit-making is based on smart contracts and has already earned early investors incredible capital gains. But what is yield farming, and can I profit from it short term? In our guide, we will explain what you can do to put your cryptocurrencies to good use and return high yields.