Yei Finance: High APYs on Sei Network's DeFi Platform
Understanding Yei Finance: A Decentralized Lending and Borrowing Platform Yei Finance operates on the Sei Network, offering users the opportunity to lend and borrow cryptocurrencies with the potential for high annual percentage yields (APYs). This platform functions similarly to a decentralized bank, allowing users to deposit crypto assets and earn interest or borrow crypto funds. However, it's crucial to understand that higher potential returns often correlate with increased risk. What are the key factors to consider before engaging with Yei Finance?...