Guarda Academy

The Yearn Finance platform provides the opportunity for crypto holders to participate in Yield Farming by interacting with DeFi-protocols. Farming on a blockchain is similar to the usual planting of seeds in the ground for their multiplication.

We have already figured out a little bit about what DeFi is and highlighted the nuances that are dedicated to the intricacies of token gathering through farming. However, now that we are already quite experienced specialists, we will specifically consider the details of the farming of all kinds of tokens, and we shall start, of course, with the most popular of them — Uniswap (UNI).

Yield Farming is an investment practice in DeFi that is used to maximize profits. What investors do is generate profits from their assets without having to sell and buy them repeatedly.

The main goal of Decentralized Finance is to create an open, free, and transparent ecosystem of financial services that is available to everyone and not controlled by a centralized government. Throughout Defi projects, users take full control of their assets and interact with the ecosystem through peer-to-peer (P2P) decentralized applications (dApps).