In the recent months, you may have come across the terms “Yield Farming” or “Liquidity Mining”. It’s all the rage in the crypto markets these days.

What is Yield farming?

For those who haven’t heard of this term, Yield Farming is a meme that represents cryptocurrency investors putting their capital on into different DeFi protocols, to earn returns. Now, your next question might be…

What is “DeFi”?

Well, it refers to “decentralised finance” where financial services use smart contracts to automate enforceable agreements. This system uses online blockchain technology to eliminate the need for intermediaries like a bank or lawyer. We can go deeper down the rabbit hole, but let’s return to Yield Farming.

How it all started

This article details my experience, which started 2 months ago, in July 2020. Since Q2 of 2020, I’ve been hearing a buzz in the crypto sphere, on how cryptocurrency can now be deposited and lent out via various different protocols....