{"id":39,"date":"2026-07-07T14:52:46","date_gmt":"2026-07-07T13:52:46","guid":{"rendered":"https:\/\/bitadvent.com\/what-are-liquidity-pools-yield-farming\/"},"modified":"2026-07-08T21:33:43","modified_gmt":"2026-07-08T20:33:43","slug":"what-are-liquidity-pools-yield-farming","status":"publish","type":"post","link":"https:\/\/bitadvent.com\/pt-br\/what-are-liquidity-pools-yield-farming\/","title":{"rendered":"What Are Liquidity Pools and Yield Farming?"},"content":{"rendered":"<p>Most decentralised exchanges do not use a traditional order book. Instead they use <em>liquidity pools<\/em> \u2014 shared pots of two or more tokens that traders swap against. Understanding pools is the key to understanding much of DeFi.<\/p>\n<h2>How liquidity pools work<\/h2>\n<p>Anyone can become a liquidity provider by depositing a pair of tokens into a pool. In return they receive a share of the trading fees. A formula sets the price automatically based on the ratio of tokens in the pool, so trades can happen at any time without a matching buyer or seller.<\/p>\n<h2>What is yield farming?<\/h2>\n<p>Yield farming is the practice of moving funds between protocols to earn the best available returns \u2014 trading fees, lending interest and extra token rewards handed out to attract liquidity. At its peak, farming can produce eye-catching headline yields.<\/p>\n<h2>The catch: impermanent loss and more<\/h2>\n<p>Providing liquidity carries a specific risk called <em>impermanent loss<\/em>: if the two tokens&rsquo; prices diverge, you can end up worse off than if you had simply held them. On top of that sit smart-contract risk, reward tokens that can fall faster than the yield pays out, and short-lived programmes designed to lure liquidity that later leaves. High advertised returns almost always signal high risk.<\/p>\n<p>Browse the DeFi tokens we track on our <a href=\"\/defi-tokens\/\">DeFi hub<\/a>. Educational only \u2014 not financial advice.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Liquidity pools power decentralised trading, and yield farming is how users earn from them. Here is how both work \u2014 and where the risks hide.<\/p>\n","protected":false},"author":3,"featured_media":133,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-39","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-defi-tokens"],"_links":{"self":[{"href":"https:\/\/bitadvent.com\/pt-br\/wp-json\/wp\/v2\/posts\/39","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitadvent.com\/pt-br\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitadvent.com\/pt-br\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitadvent.com\/pt-br\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/bitadvent.com\/pt-br\/wp-json\/wp\/v2\/comments?post=39"}],"version-history":[{"count":1,"href":"https:\/\/bitadvent.com\/pt-br\/wp-json\/wp\/v2\/posts\/39\/revisions"}],"predecessor-version":[{"id":63,"href":"https:\/\/bitadvent.com\/pt-br\/wp-json\/wp\/v2\/posts\/39\/revisions\/63"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitadvent.com\/pt-br\/wp-json\/wp\/v2\/media\/133"}],"wp:attachment":[{"href":"https:\/\/bitadvent.com\/pt-br\/wp-json\/wp\/v2\/media?parent=39"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitadvent.com\/pt-br\/wp-json\/wp\/v2\/categories?post=39"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitadvent.com\/pt-br\/wp-json\/wp\/v2\/tags?post=39"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}