đWalter Dog Farm
Last updated
Last updated
What is Walter Dog Farm? Walt Farm is Walter Dog's unique name of Yield Farming. Walt Farm enables users to earn by providing liquidity
What is Yield Farming? Yield farming is a type of investment whereby crypto is locked in a dApp (decentralized application) in exchange for token payouts. Farmers of yield put their tokens into DeFi programs for use in lending, borrowing, and cryptocurrency trading. These investors are known to as liquidity providers because they increase the liquidity of the dApp they have chosen. How does Yield farming works? A DeFi protocol is used when someone starts crypto yield farming and deposits their tokens there.
Money from a yield farmer will be accessible to everyone using the dApp once it is stored in a smart contract. As an illustration, if cryptocurrency were introduced to a liquidity pool on a decentralized exchange