8 lines
852 B
Markdown
8 lines
852 B
Markdown
# Yield Farming
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In crypto assets, *yield farming* is the act of taking [stablecoin](stablecoin.md) and depositing them with different [staking](staking.md) and [DeFi](defi.md) schemes with varying degrees of risk-yield promises in the hopes that diversification across different varieties of [Ponzi schemes](ponzi-scheme.md) will remove risk from an overall portfolio.
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See also [counterparty risk](counterparty-risk.md), [Ponzi scheme](ponzi-scheme.md) and [shadow banking](shadow-bank.md).
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## References
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1. Allen, Hilary J. 2022. ‘DeFi: Shadow Banking 2.0?’ William & Mary Law Review, Forthcoming.
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1. Walch, Angela. 2019. ‘Deconstructing ‘Decentralization’: Exploring the Core Claim of Crypto Systems’. C. Brummer (Ed.), Crypto Assets: Legal and Monetary Perspectives, 1–36. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3326244. |