Yield farming, also known as liquidity mining, is gaining popularity in the cryptocurrency industry. It involves receiving reward tokens in exchange for locking or staking cryptocurrencies. The concept of yield farming has come from Decentralized Finance (DeFi) space. As the DeFi space has started gaining popularity, subsequently the concept of yield farming is driving attention in the cryptocurrency industry.

The rising popularity has resulted in the emergence of various projects offering returns of rewards in the form of new cryptocurrency tokens through yield farming. However, although the rewards carry certain benefits, there are risks and dangers of farming. In this article, we examine the basics of yield farming and the risks that it poses to a crypto farmer.

Daily transactions on the Ethereum network have oscillated considerably over the last few years. February 2018 was the last time that Ethereum was posting numbers of over one million transactions every 24 hours. Despite its variability, Ethereum’s network has maintained an impressive level of activity consistently for the last few years, firmly entrenching the digital currency as Bitcoin’s trusty sidekick. However, in the past few months, Ethereum transactions have skyrocketed thanks to decentralized finance (DeFi) yield farming. So much so that the number of transactions performed daily on the network has rivaled that of its 2018 performance, boasting over 1.2 million Ethereum transactions per day. Ladies and gentlemen, we have again reached phase Ethereum 1 million!

Yield farming is the latest craze in crypto and is the key reason behind the DeFi explosion going on right now, So what exactly is it? Well, yield farming entails lending crypto to earn more crypto. It is a break from the past where to make money in crypto, you either had to HODL or trade on price movements speculation. Essentially, a yield farmer will look for DeFi pools that offer the highest lending rates and lend with the aim of maximizing their crypto holding as much as possible.

As DeFi is on the rise, the demands to integrate Bitcoin and Ethereum into this ecosystem have been growing. These major cryptocurrencies would bring large liquidity and momentum into DeFi. However, decentralized finance is based on the Ethereum platform, and most of the DeFi assets are ERC20 tokens — which BTC and ETH are not compatible with.

Wrapped tokens solve this problem by bringing major cryptocurrencies to the Ethereum network. Wrapped Bitcoin (wBTC), Wrapped Ethereum (wETH), and dozens of other wrapped tokens allow for operations with tokenized BTC and ETH on Ethereum. These tokens are backed by the underlying cryptos’ price which makes them their complete ERC-20 doubles.

On August 21st, Ardor’s very own Senior Sales Engineer Francisco Sarrias had an AMA (Ask Me Anything) session in ChangeNOW’s Community Chat. We had a lot of engagement — because the discussion has been really awesome! Our community got to learn a ton about the great project that Ardor is and we should definitely do this again!

The deep impact of COVID-19 has been felt across all economies. Ever since the global outbreak, the number of cases and deaths has been climbing consistently bringing many industries to a complete standstill. Naturally, the volatility of investment markets has been brought to the forefront with the global stock market responding negatively to the spread of the pandemic. Amidst the global economic conditions, how can coronavirus affect Bitcoin? Let’s find out!

The uncertainty posed by the year 2020 has made investors explore beyond traditional investment options. The blockchain and cryptocurrency space have appeared to be quite attractive for investors. Moreover, the

The uncertainty posed by the year 2020 has made investors explore beyond traditional investment options. The blockchain and cryptocurrency space have appeared to be quite attractive for investors. Moreover, the cryptocurrency industry seems to have recovered way faster than the traditional investment markets. Decentralized Finance or DeFi is the one industry that has been booming this entire year. While the use cases of blockchain have been explored in the banking…

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“The key to artificial intelligence has always been the representation.” — Jeff Hawkins The real implications and use cases of artificial intelligence (AI) are yet far less than they are

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