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Farming
In the crypto world, farming, also known as yield farming, is a process of earning rewards by staking or holding cryptocurrencies in a decentralized finance (DeFi) protocol. By locking up your crypto assets in the protocol, users can earn interest, fees, or governance tokens as a reward for providing liquidity or contributing to the network's operations.
At SincroniX, we offer various farming opportunities, including staking and liquidity incentive programs, where users can deposit their cryptocurrencies into a designated wallet and receive rewards for their participation.
At SincroniX, the concept of farming is implemented through liquidity pools. By depositing two different cryptocurrencies into a designated liquidity pool on SincroniX, our users can earn rewards in the form of a newly created token that reflects their contribution to the pool. This token can be traded on SincroniX, giving users the opportunity to capitalize on its potential value growth.
Last modified 8mo ago