What is the Process of Yield Farming?

Over the past decade, the emergence of cryptocurrencies has revolutionized our mindset, and now, decentralized finance (DeFi) is making its way into the mainstream and expanding rapidly. Despite the volatility of cryptocurrencies, with a whopping $4 billion invested in DeFi, it presents novel prospects. DeFi initiatives strive to revolutionize conventional finance by utilizing transparent protocols and eliminating intermediaries. 

The fusion of decentralized exchanges, insurance, lending, and borrowing has given way to the emergence of yield farming. For a comprehensive understanding of yield farming and how it relates to DeFi, this article delves into the intricacies of its mechanics. So, if ...