Glossary
Yield Farming Meaning: What Does Yield Farming Mean in Crypto?
Definition
Earning rewards by providing liquidity to DeFi protocols
Farmers chase APYs up to 1000% in bull markets; risks include smart contract exploits, as seen in 2022s $600M Ronin bridge hack. Strategies: Single-asset staking, LP farming, leveraged yields. Platforms: Yearn.finance auto-compounds. Risks: Impermanent loss, rug pulls, high gas fees.