Cryptocurrency farming, also known as staking or yield farming, is a process by which investors can earn cryptocurrencies by depositing their tokens into smart contracts on a decentralized platform. Here is a detailed explanation:
1. General principle: Cryptocurrency farming allows users to earn interest on their investments by depositing tokens into special pools. These pools are often managed by smart contracts and can offer different rewards depending on the token deposited and the duration of the deposit.
2. Staking: Staking is a form of farming that simply involves sending tokens into a smart contract to earn interest. This process does not require any additional effort from the user, and rewards are usually distributed automatically.
3. Yield farming: Yield farming is an advanced type of farming that involves using multiple different tokens in decentralized pools. Participants can combine their tokens to generate higher rewards. Yield farming can be riskier and requires a thorough understanding of how the smart contracts involved work.
4. Here are the last three tokens that were listed on Binance after being farmed in the Launchpool: $VANA , $USUAL and $SCR
