# Billy

By [Untitled](https://paragraph.com/@0x1a77b50e4da28a68dd38793271b5a50d3f6f9eb9) · 2024-03-10

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Can you explain the concept of yield farming and liquidity mining and how they incentivize liquidity provision and participation in DeFi protocols?

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*Originally published on [Untitled](https://paragraph.com/@0x1a77b50e4da28a68dd38793271b5a50d3f6f9eb9/billy)*