Earning Crypto Through Yield Farming

[Nomad]

Similar to staking, yield farming allows you to earn rewards in crypto token. With yield farming, you provide liquidity to the crypto exchange and in return you earn rewards. This is very similar to staking. This is safe method as well because your principal amount will remain same. Have you tried it?

 

[Deep]

Yes, I’ve explored yield farming. It’s quite similar to staking, offering rewards while keeping the principal safe and consistent.

 

[Greatearner]

Well, as far as I know, yield farming is just like earning interest. Those "rewards" are actually interesting because you lend money in the form of cryptocurrency. It is not allowed in my religion, so this is why I would not engage in this activity.

 

[Nomad]

Well, as far as I know, yield farming is just like earning interest. Those "rewards" are actually interesting because you lend money in the form of cryptocurrency. It is not allowed in my religion, so this is why I would not engage in this activity.

Do you really think investment decision should be guided by religion? I know Islam does not allow you to earn interest in money, however, a lot of Islamic states have banks, which are basically institutions that charges interest on loan. Today, a state cannot function without a central bank.