Farming is essentially committing your crypto into a central pool in exchange for a yield. The amount of crypto you put into the pool earns your liquidity pool tokens which represents your % holdings of the entire pool.
The pool becomes a marketplace where users can exchange, borrow, or trade crypto currencies. As each transaction in the pool earns a transaction fee, the transaction fee is returned to the liquidity pool, and this is where you get your yield or rewards from.
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