Hi everyone and welcome to the Mercor Finance Academy with us Mercor Finance. In this lecture, we will explore what are Yield Farming are Staking and how they work.
Yield farming is one such investment strategy in DeFi. It involves lending or staking your cryptocurrency coins or tokens to get rewards in the form of transaction fees or interest. This is somewhat similar to earning interest from a bank account; you are technically lending money to the bank.
While staking can work differently depending on the cryptocurrency, most use staking pools. Crypto traders combine their funds in these staking pools to have a better chance of earning staking rewards.
Mercor is the first and only DeFi platform that offers algorithmic copy trading. The Mercor platform allows you to directly invest in algorithms created by leading hedge funds, talented developers, and crypto enthusiasts.
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