Farming
Last updated
Last updated
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.
