MixSwap’s Yield Farming : How to Get Into DeFi Yield And Why You Should Invest In It?

Is Yield Farming For You?

With banks paying a 0.5% or even lesser, how can we find a place to invest our money? Cryptocurrency investment is one of the most talked investment nowadays with some cryptos paying 6% or even more for your stake in them.

Yield farming DeFi crypto is one of the main reasons why cryptocurrency investors have been moving their funds from Bitcoin to the alt-coin world. Investment into yield farming is investors’ top picks during a crypto winter as it provides them with passive income even when the overall market isn’t doing well.

What Is Yield Farming?

Yield farming is a reward scheme that’s taken hold of the DeFi cryptocurrency world. If you were to compare to traditional investing, it’s like a yield on bonds or a dividend.

Focus For Investors

The focus on investors should be on the fundamentals of the project and not just on price speculations. However, like traditional dividend payments, if the token price goes up, then the yield paid on your crypto gives you new tokens and now you have more tokens that are worth more money.

Investors should also be looking at the project in terms of the team’s commitment in it and the roadmap the project team has planned out. In MixSwap, we have a clearly defined roadmap and investors can easily check on the progress of the project.

Crypto Winter

Despite some saying that we are in a “Crypto Winter”, the total locked value of liquidity pools in Yield farming DeFi stood at $144.2 billion. If there’s on takeaway from the recent episode of market volatility, it is the reinforcement view in crypto, you have to take a long term view based on 1, 5& 10 year scale, and it tends to outperformance just about any asset. Cryptocurrency has survived and thrived inspire of price declines of 30%, a few times a year. “Volatility is essential feature of a high asset performance” said by a crypto trader. The DeFi space is growing and yield farming will help us through this period. Happy farming!

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