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What is the primary purpose of yield farming?

  • To participate in ICOs
  • To generate passive income or yield (correct)
  • To mine new cryptocurrencies
  • To buy and sell cryptocurrencies

    • What are some risks associated with yield farming?

  • High returns and low liquidity
  • None of the above
  • Guaranteed profits and low volatility
  • Impermanent loss, bugs in smart contracts or protocols, and exorbitant gas fees (correct)

    • What should yield farmers do before committing their funds to a yield farm?

  • Trust the team behind the yield farm
  • Ignore any potential risks and invest blindly
  • Invest all their available funds
  • Do thorough research, investigating the team, security, type of token, and timeline associated with the investment (correct)

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