DeFi yield farms, also known as liquidity mining or yield mining, are platforms that allow users to earn passive income by providing liquidity to decentralized exchanges or lending platforms.
Memecoins are a type of cryptocurrency that is created and developed based on popular memes, cultural references, or viral trends. They typically feature recognizable images, symbols, or characters from internet culture, which resonate with a wide audience.
Liquidity pools play a pivotal role in the DeFi ecosystem, enabling efficient and inclusive trading while providing lucrative opportunities for liquidity providers.
In this article, we will explore the key concepts and terminology in DEx to help readers understand the basics and make informed decisions in the decentralized exchange space.
A decentralized exchange, or DEX, is a platform that facilitates peer-to-peer cryptocurrency trading without the need for intermediaries or central authorities.