Decentralized Finance (or simply DeFi) refers to an ecosystem of financial applications that are built on top of blockchain networks. Decentralized Finance is a fast-growing sector of the cryptocurrency industry.
There are several ways DeFi users can earn via yield farming and we guess most of you are aware of this. But not everything is sunshine and rainbows.
It is not that simple now, as the technology is still young. As we’ve seen with some of the recent “rug pulls” and “hacks” there is a real scenario you can lose all of your funds staked.
So, here’s our brief presentation on earning with DeFi yield farming – is it rocket science or a child’s play? We have also tried to highlight some points as to how BlockBanc aims to simplify and secure DeFi yield farming for the masses.
The leading DeFi decentralized exchange, Uniswap has crossed $2B in total value locked (TVL).
As per the data shown on DeFi Pulse and Etherscan, Uniswap clocked a record figure of over $2.06 billion worth of crypto assets locked in on Monday.
This clearly proves that there is now more value in Uniswap than what is there in the entire DeFi space – that’s what we call a neck-breaking growth.