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Yield Farming

August 22, 2026 · Aditya Gupta

Crypto & Blockchain

Yield farming is the practice of moving cryptocurrency between DeFi protocols to maximize returns from interest, trading fees, and token rewards. Strategies: providing liquidity to DEXs, lending on Aave/Compound, leveraged positions on perpetual DEXs, looping deposits. Returns vary wildly — from 5% on stablecoin lending to 1000%+ APRs on new protocol launches (usually paid in inflationary tokens that crash). Risks: smart contract exploits, impermanent loss, token price collapse, rug pulls, liquidation cascades. Peak yield farming was 2020-2021 'DeFi Summer'; now more institutional with sustainable yields. Tax complexity is enormous — every reward, swap, and rebalance is taxable.

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