Yield Farming
Yield farming is moving crypto between DeFi protocols to earn the highest available rewards.
In depth
Farmers deposit tokens where returns are richest — often boosted by newly issued governance tokens — then move on when rewards drop. Advertised yields can look enormous but are frequently paid in tokens that lose value quickly. It is high-effort, high-risk activity.
Why it matters
Eye-catching APY figures usually come from yield farming dynamics — know what is behind the number.