In today’s local interest rate environment, many investors have come across DeFi staking or cryptocurrency yield farming promising interest rates earned in the high single digits, double-digits, and even triple-digits.
Compared to the paltry interest rate earned in most mainstream asset classes, conventional wisdom would suggest those rates are too good to be true. 
What is DeFi?
DeFi, or decentralized finance, has become a new catchphrase to describe an industry within finance that relies on distributed ledger technology such as those used by cryptocurrencies.
DeFi is very broad, but it has become synonymous with a popular money-making method called yield-farming and staking. Those two terms describe different things, but both promise high interest rates on cryptocurrencies.
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