Yield farming is a method of generating extra cryptocurrency with your existing cryptocurrency. It entails you lending your money to others through smart contracts, which are computer program. You receive fees in the form of cryptocurrency in exchange for your services. Isn't it simple enough? No
Farmers that want to increase their yield will employ more complex tactics. To maximize their gains, they constantly shift their cryptos between multiple lending marketplaces. They'll also keep the top yield farming practices a closely guarded secret. Why? The more people who are aware of a technique, the less effective it is likely to be. Yield farming is the wild west of Decentralized Finance (DeFi), with farmers competing for the greatest crops to farm.