How to use 1inch for yield farming

1inch yield farming

Yield farming is a popular way to earn passive income from your cryptocurrency holdings. 1inch is a decentralized exchange (DEX) that allows users to trade cryptocurrencies and also participate in yield farming. Here’s a step-by-step guide on how to use 1inch for yield farming:

  1. Connect your wallet to 1inch: In order to participate in yield farming on 1inch, you will need to connect a wallet to your 1inch account. This can be done by going to the “Wallets” page and following the prompts. 1inch supports various wallets, including MetaMask and Ledger.

It’s important to note that yield farming can be risky and it’s important to be aware of the risks before lending your tokens. Also, the APR can be highly volatile and it’s important to always do your own research before lending your tokens.

1inch also offers a feature called “Harvest” which allows you to compound your rewards by automatically re-lending them to the same liquidity pool.

That’s it! You have successfully participated in yield farming on 1inch. Remember that yield farming on any decentralized exchange still carries some risks and it’s important to be aware of them, and to always do your own research before participating.

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