Yield Farming on DeFi: Beginner's Guide to Earning Interest on Your Crypto | Crypto Briefing

in hive-116221 •  4 years ago 

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As the newest trend in crypto, investors in the space need to understand what it is and how it works.

But before hashing out the specifics, it's important to note that given the amount of competition between investors and high gas prices, yield farming is only profitable if you're willing to put a significant sum of money to work. Yield farming with $100-1,000 in crypto will result in a net loss. If you're tinkering with small amounts to understand how it all works, that's okay, but the strategy isn't profitable.



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