Day November 7, 2024

Emergence of Yield Farming

In 2020/2021, while the world grappled with chaos, I was a 12-year-old gamer, oblivious to headlines about blockchain and Bitcoin, immersed only in leveling up my Valorant rank. As DeFi gained traction, the concept of yield farming emerged, allowing crypto holders to earn "passive income" by providing liquidity to decentralized platforms. This financial innovation promised high returns but came with complex risks, from impermanent loss to potential liquidation.