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Cryptocurrency

Liquidity mining, also known as yield farming, has become one of the most popular uses for cryptocurrencies in 2021, with billions of dollars worth of crypto assets now locked up in farming platforms.

But while the practice is still picking up considerable momentum, a lack of innovation among yield farms has somewhat stifled enthusiasm — with copycats, clones, and low quality yield farms becoming more numerous by the day.

Nonetheless, there are a number of creative projects continuing to push the envelope, helping to further fuel the explosive growth of the yield farming space. Some of the most promising candidates are detailed below.

Cross-Chain Liquidity Mining

For those that are familiar with liquidity mining, you’re likely aware that the process is typically a single chain affair — you provide liquidity on an exchange and earn farming rewards for doing so.

But YeFi, a novel DeFi ecosystem building on multiple blockchains (including Binance Smart Chain and YottaChain), is set to become one of the first platforms to provide cross-chain liquidity mining rewards. The platform is designed to provide an extremely attractive interest rate to those holding a variety of coins, including BTC, ETH, USDT, FIL and YTA — but eventually including other assets relating to decentralized storage networks,
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