China
|2-5 years
Influence
E
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https://thedefimining.io
https://twitter.com/DEFIMiningNFT
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DEFI Mining refers to the process of participating in decentralized finance (DeFi) protocols to earn rewards, typically in the form of cryptocurrency. Unlike traditional mining, which involves solving cryptographic puzzles, DEFI Mining usually entails providing liquidity, staking tokens, or participating in yield farming. Users lock up their crypto assets in a smart contract on platforms like Ethereum, contributing to the liquidity and stability of DeFi projects. In return, they receive interest payments or new tokens as rewards. This method leverages the power of blockchain technology to create more inclusive financial systems without intermediaries like banks.
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