You dont need to stake you just deposit and let it... @yearnfinance

Asked 1049 days ago
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You dont need to stake you just deposit and let it autocompound the yield

asked 1049 days ago

1 Answers

Answer: When you deposit tokens into a yield farming platform, you gain yields from the platform's rewards pool. The yield you receive will depend on the type of platform you are using and the amount of tokens you deposit. By depositing and letting it autocompound, you will be able to earn more yields due to compounding interest. This means that you will be earning interest on the interest you have already earned, resulting in higher profits. You will also be able to take advantage of any bonus rewards that the platform may offer. YCRV is a token that is used to pay out rewards on some yield farming platforms, so if the platform you are using offers YCRV as a reward, then you will be able to earn it.
answered 1049 days ago
0
What do I gain? I still don’t get it, I gain ycrv?
O G
answered 1049 days ago

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