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May 28, 2023· International Research Journal of Modernization in Engineering Technology and Science
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Open access

Yield Staking DApp

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Abstract

Decentralized Finance (DeFi) is revolutionizing the traditional financial system by offering trustless financial transactions and services worldwide through blockchain technology.Yield farming is a well-known DeFi application enabling users to earn passive income in cryptocurrency through providing liquidity to decentralized protocols.This research paper focuses on yield farming, its working mechanisms, the benefits and risks involved, the various strategies deployed, and its future in the DeFi ecosystem.

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