#YieldFarming #BinanceAlphaPoints #BinanceCoin #DeFi #btc $FDUSD
What is yield farming?
Yield farming involves lending or providing liquidity to DeFi protocols on Ethereum to earn rewards, often in tokens. Users deposit Bitcoin (BTC), Binance Coin (BNB), or stablecoins into pools, earning high returns—sometimes 20%+ annually. Ethereum’s DeFi ecosystem, with platforms like Curve, dominates. However, risks include impermanent loss and smart contract bugs. It’s lucrative but complex, requiring market knowledge. Interested? Start small and study protocols! $FIL