$degen sol and btc
see for yourself π
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people talk about solana ux but every time i've wanted to swap in phantom i've had transactions fail 5+ times before going through. is this better or worse ux than paying $50 for a swap when the chain is under high load?
What is crypto farming in simple terms?
Crypto farming is a way to earn income by lending your cryptocurrencies to decentralized platforms for them to use in their operations. In exchange, you receive rewards.
How it works:
π΅ You deposit your cryptocurrencies into a liquidity pool on a DeFi (decentralized finance) platform like Uniswap or PancakeSwap.
π΅ The platform uses your coins to support trading or lend to other users.
π΅ You earn rewards in the form of additional tokens or a percentage of the fees collected from the platform's users.
Why it's beneficial:
π΅ Profitability: Farming can offer high returns (up to tens of percent per year or more).
π΅ Accessibility: All you need to get started is some cryptocurrencies and an account on a DeFi platform.
Risks:
π΅ Price Volatility: The value of cryptocurrencies can drop sharply.
π΅ Hacking Risk: Decentralized platforms are sometimes the target of cyberattacks.
π΅ Impermanent Losses: If the value of your asset changes significantly, β¦
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Follow me and I will follow you
Let's do it with each otherβ€οΈπ―