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Looking for a primer on Yield Farming

  • 18-06-2021 2:47pm
    Registered Users Posts: 3,634 ✭✭✭ One More Toy

    Anybody got any no bs guides to beginning to yield farming?



  • Registered Users Posts: 2,234 ✭✭✭ massdebater

    Not sure what a primer is, but youtube is the easiest place to start off to familiarise yourself with the concept. Once you have the idea, you can start researching individual coins/tokens you're interested in farming.

    Be wary of places offering super high returns, they tend to fluctuate and will reduce as more people get involved in a particular pool/project. A popular one on Iron finance burnt a lot of people a few days ago, I lost a small amount in it, others lost a lot more so be wary.

    As with most things crypto, it can be a good idea to start off with a small amount and see how the whole process works first.