The emergence of Decentralized Finance (DeFi) has been a disruptive force in the financial industry. By leveraging blockchain technology, DeFi enables users to access traditional financial services without relying on centralized intermediaries such as banks or brokers.
This allows for greater autonomy and control over one’s finances, access to new opportunities and assets, and improved cost efficiency. Eventually, DeFi could help provide financial services to those previously excluded from traditional banking.
One of the areas where DeFi is creating an impact is in crypto lending. Popularly known as yield farming, it offers users a way to generate returns from DeFi protocols. These returns typically come from providing liquidity to decentralized exchanges or from the interest from lending crypto to other users. Moreover, they can come from staking rewards from proof-of-stake tokens.
Currently, yield farming is typically a high-risk, high-reward investment strategy. While user
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