A liquid yield token is a digital asset that represents a claim on future yield generated from a specific decentralized finance protocol or underlying asset. These tokens allow holders to access expected earnings in a tradable form. They provide liquidity for otherwise locked or anticipated returns.
Context
Liquid yield tokens are a significant innovation within the DeFi space, enabling users to manage their future earnings more actively. They allow for the trading or collateralization of expected yield, enhancing capital efficiency. News often covers new protocols introducing these tokens and their impact on yield farming strategies.
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