Discover how Decentralized Finance (DeFi) impacts the accounting industry, the role of crypto accounting, and the features of dedicated crypto accounting software.
Yield farming, also referred to as liquidity mining, is a way to generate rewards with cryptocurrency holdings. In simple terms, it means locking up cryptocurrencies and getting rewards. In crypto accounting, the earned yields and farmed tokens need to be recorded for accurate financial accounting.
Earning yield on DeFi platforms like Uniswap or Compound by providing liquidity