Week 12 On Chain Recap

Welcome to Week 12 On Chain Recap of Avaxholic. Here we cover events from March 21st to March 28th. Yield Farming Lego Of Avalanche If you have been using Avalanche for a while, then you probably notice it by now. One of the categories that projects on Avalanche specialize in the most is Yield Farming. Yield Farming is the process of token holders using decentralized finance (DeFi) to maximize returns. They lend or borrow crypto on a DeFi platform and earn cryptocurrency in return for their services. Yield farmers who want to increase their yield output can employ more complex tactics, such as shifting their cryptos between multiple loan platforms to optimize their gains. Here is how Yield Farming work: Yield farming can be a risky practice due to price volatility, rug pulls, smart contract hacks and more. So it is better to invest in the Top yield farming protocols like Platypus, Echidna Finance,... and many others for safe and secure measures. For mo...
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