One of the hottest trends in cryptocurrencies is a financial activity that dates back to biblical times: lending money to earn interest. Such “yield farming" can earn double-digit interest rates, far higher than the rates one can get with dollars. “Yield farming is not much different than buying high-dividend paying stocks or high-yield unsecured debt or bonds," Mark Cuban, the billionaire owner of the Dallas Mavericks and an active crypto yield farmer, told The Wall Street Journal. Aave is among the bigger players in decentralized finance, or DeFi, the fast-growing segment of the crypto market in which yield farmers generally look for returns. Crypto interest rates will fall as the market matures, Mr. Di Maggio predicts.

Source: Mint July 17, 2021 15:33 UTC