🧑‍🌾Yield Farming

What is Yield Farming?

Yield farming is the process of using decentralized finance (DeFi) to maximize returns by providing liquidity to various token pairs and earning rewards in cryptocurrencies. Yield farmers generally use decentralized exchanges (DEXs) to lend, borrow or stake coins to earn interest and speculate on price swings. Yield farming across DeFi is facilitated by smart contracts — pieces of code that automate financial agreements between two or more parties. In our case the yield farming is done by locking the tokens in "battles" with other users (or as the strategy page shows with other wallets you own). The system pays a consistent yield of 0.6%/day on all locked tokens and the winner of the battle receives the amount staked, earned and a % of the opponent's yield as the winner. The first to unstake still gets a % of tokens originally staked and the remaining balance of the earned $GEN in battle.