cryptofamily

How to farm cryptocurrency using Ethereum

Cryptocurrency farming (or profitable farming) is a way of passive earnings that allows you to make a profit for providing liquidity in DeFi projects. Ethereum is one of the most popular platforms for such operations due to the developed ecosystem of smart contracts. Here are some basic ways to start farming using Ethereum:

1. Betting in PoS (Staking Ethereum 2.0)

Ethereum has switched to the Proof-of-Stake (PoS) algorithm, which allows ETH holders to receive a reward for staking.

• How it works: You block your ETH on the network to support its work and get rewards in the form of new ETH.

• Where: You can use official staking platforms such as Lido, Rocket Pool, or centralized exchanges (e.g. Binance, Kraken).

• Profitability: Depends on the number of participants, but usually about 4-7% per annum.

How to farm cryptocurrency using Ethereum

Cryptocurrency farming (or profitable farming) is a way of passive earnings that allows you to make a profit for providing liquidity in DeFi projects. Ethereum is one of the most popular platforms for such operations due to the developed ecosystem of smart contracts. Here are some basic ways to start farming using Ethereum:

1. Betting in PoS (Staking Ethereum 2.0)

Ethereum has switched to the Proof-of-Stake (PoS) algorithm, which allows ETH holders to receive a reward for staking.

• How it works: You block your ETH on the network to support its work and get rewards in the form of new ETH.

• Where: You can use official staking platforms such as Lido, Rocket Pool, or centralized exchanges (e.g. Binance, Kraken).

• Profitability: Depends on the number of participants, but usually about 4-7% per annum.

https://cointelegraph.com/learn/articles/ethereum-upgrades-a-beginners-guide-to-eth-2-0

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