Hey kids! Ever heard of yield farming? It's like a super-powered savings account for your cryptocurrency! Instead of just keeping your digital money in a wallet, you lend it out to special online platforms to help them work. In return, you get rewards!
- You lend out your crypto (like Bitcoin or Ethereum).
- You get extra crypto, interest, or special tokens as rewards.
- It's riskier than a regular savings account, but the rewards can be bigger!
| Thing | Info |
|---|---|
| Rewards | Extra crypto, interest, or special tokens |
| Risk | Higher than regular savings |
| Profit in 2025? | Still profitable, but less than before. |
| Total Money in DeFi | $129 billion in Jan 2025, possibly $200 billion by end of 2025! |
Think of it like lending your toys to your friends and getting extra toys as payment! But remember, grown-ups should always help with cryptocurrency because it can be complicated and risky.
