{"id":59540,"date":"2022-04-29T21:01:21","date_gmt":"2022-04-29T13:01:21","guid":{"rendered":"https:\/\/www.hongkiat.com\/blog\/?p=59540"},"modified":"2022-04-18T20:32:22","modified_gmt":"2022-04-18T12:32:22","slug":"yield-farming-in-defi","status":"publish","type":"post","link":"https:\/\/www.hongkiat.com\/blog\/yield-farming-in-defi\/","title":{"rendered":"Yield Farming in DeFi for Beginners"},"content":{"rendered":"<p>Since the creation of Bitcoin in 2009, other cryptos started to appear one by one, which sparked countless opportunities within the crypto sphere. And we now have tons of different ways to use this technology and earn extra profits without making much effort.<\/p>\n<p>To many, buying and holding your cryptos for long-term market maturity is the most effective strategy to earn and beat the market. But did you know that you could <strong>earn additional income by leveraging the tokens you hold<\/strong>?<\/p>\n<p>You\u2019re in luck because we\u2019ll introduce you to one of the most common ways to earn passive income with your cryptos. And that\u2019s through yield farming.<\/p>\n<div class=\"ref-block ref-block--post\" id=\"ref-post-1\">\n\t\t\t\t\t<a href=\"https:\/\/www.hongkiat.com\/blog\/best-staking-reward-coins\/\" class=\"ref-block__link\" title=\"Read More: 15 Coins With Best Staking Rewards\" rel=\"bookmark\"><span class=\"screen-reader-text\">15 Coins With Best Staking Rewards<\/span><\/a>\n<div class=\"ref-block__thumbnail img-thumb img-thumb--jumbo\" data-img='{ \"src\" : \"https:\/\/assets.hongkiat.com\/uploads\/thumbs\/250x160\/best-staking-reward-coins.jpg\" }'>\n\t\t\t\t\t\t\t<noscript>\n<style>.no-js #ref-block-post-58547 .ref-block__thumbnail { background-image: url(\"https:\/\/assets.hongkiat.com\/uploads\/thumbs\/250x160\/best-staking-reward-coins.jpg\"); }<\/style>\n<\/noscript>\n\t\t\t\t\t\t<\/div>\n<div class=\"ref-block__summary\">\n<h4 class=\"ref-title\">15 Coins With Best Staking Rewards<\/h4>\n<p class=\"ref-description\">\n\t\t\t\t\t\tStaking your coins is one way of earning passive income. By locking up a portion of your coins,...\t\t\t\t\t\t<span>Read more<\/span><\/p>\n<\/div>\n<\/div>\n<h2>But what is Yield Farming?<\/h2>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.hongkiat.com\/uploads\/yield-farming-in-defi\/farming.jpg\" width=\"1000\" height=\"805\" alt=\"What is Yield Farming?\"><\/figure>\n<p>Glad you asked! Yield farming refers to the process of <strong>utilizing decentralized exchange to lend or borrow money from the liquidity<\/strong> and earn interest from it as a reward. And there are various ways and methods to do it.<\/p>\n<h2>4 Methods to earn from Yield Farming<\/h2>\n<p>Yield farmers can employ more complex tactics and methods to earn even more rewards with their cryptos. And we\u2019ll go over them one by one in full detail.<\/p>\n<h3>1. Being a liquidity provider<\/h3>\n<p>You can become a liquidity provider by supplying a decentralized exchange (DEX) with tokens to help the platform facilitate trades and transactions. The interest or profit you earn comes from traders and investors performing transactions on the crypto exchange you support.<\/p>\n<p>Investors or traders make trades all day, and fees are associated with every transaction. And by becoming a liquidity provider, you get a slice of those fees as \u201cinterest\u201d on the tokens you\u2019ve put into the exchange.<\/p>\n<p>Picture out a decentralized exchange like 1inch, and you supply them with funds to help their platform. And let\u2019s say that your funds make up 1% of the total liquidity pool. This would entitle that you to have 1% of the total interest they earn.<\/p>\n<h3>2. Borrowing and lending<\/h3>\n<p>Another way of yield farming is by <strong>borrowing<\/strong>, <strong>lending<\/strong>, and <strong>leveraged lending<\/strong>. We\u2019ll go over these three features and explain how you can produce income in three different ways.<\/p>\n<ul>\n<li><strong>Lending:<\/strong> DEX platforms provide rewards for those who lend their cryptos to the platform. You can even check a platform\u2019s lending rate to see how much return they reward lenders.<\/li>\n<li><strong>Borrowing:<\/strong> This is a form of yield farming where you can use the funds you\u2019ve put into the liquidity pool without withdrawing them. How does it work? Imagine that you\u2019ve put $20,000 worth of crypto into the liquidity pool. You can borrow money from that same liquidity pool by leaving your cryptos inside it as collateral.<\/li>\n<\/ul>\n<p>Note that when borrowing from the liquidity pool, it should be overcollateralized. This means the amount you\u2019re going to borrow should be less than the amount you\u2019ve put into it. And that assures them that you won\u2019t run away with the funds you\u2019ve borrowed.<\/p>\n<p>So since you have $20,000 funds worth of crypto inside the liquidity pool, you can borrow $15,000 and use it however you like. This is a neat trick that allows you to use your investment without actually pulling it out and just letting it stay and appreciate in the liquidity pool. But note that you\u2019ll have to pay interest for the funds you\u2019ve borrowed.<\/p>\n<ul>\n<li><strong>Leveraged Lending:<\/strong> This is where you push your investment to its full potential by leveraging your funds currently inside the liquidity pool.<\/li>\n<\/ul>\n<p>Let\u2019s take the example earlier where you currently have $20,000 inside the liquidity pool earning interest. And since you\u2019ve <strong>borrowed<\/strong> $15,000 from the same pool or collection, you can <strong>invest it back<\/strong> into the same pool along with your $20,000 and again <strong>borrow<\/strong> $10,000 from the $15,000 you\u2019ve recently put in and <strong>invest it back<\/strong> into the same liquidity pool.<\/p>\n<p>You are earning interest from a total fund of <strong>$45,000 <\/strong>even though your initial capital was only $20,000. Isn\u2019t that awesome? But please know that there are risks when doing this. If the price of the crypto crashes, the platform may sell or liquidate your funds to cover the lender\u2019s funds.<\/p>\n<h3>3. Staking<\/h3>\n<p>Staking means buying crypto and locking it up into the blockchain that uses proof of stake (PoS) for a certain amount of time. And in return, you earn more cryptos as a reward.<\/p>\n<h3>4. Holding coins that have a redistribution fee<\/h3>\n<p>One good example of this is <a target=\"_blank\" href=\"https:\/\/safemoon.com\/\" rel=\"noopener\"><strong>SafeMoon<\/strong><\/a>, with a transaction fee of 10%, of which <strong>2% is burned<\/strong>, <strong>3% is added to its liquidity<\/strong>, <strong>and 1% is added to the SafeMoon Ecosystem Growth fund.<\/strong><\/p>\n<p>The remaining <strong>4% is evenly distributed to its holders<\/strong>. And the idea here is to hold onto its token as the price continuously increases due to its decreasing supply. So you\u2019ll earn additional SafeMoon tokens just by holding it.<\/p>\n<h2>Best Decentralized Exchanges for Yield Farming<\/h2>\n<p>There are dozens of decentralized exchanges, but only a few are profitable and reliable. Thorough research is always a must before you put your money out there. But today, we\u2019ve got you covered because below are the best DEX you can use today!<\/p>\n<h3><a target=\"_blank\" href=\"https:\/\/1inch.io\/\" rel=\"noopener\">1inch<\/a><\/h3>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.hongkiat.com\/uploads\/yield-farming-in-defi\/1inch.jpg\" width=\"1000\" height=\"805\" alt=\"1inch homepage\"><\/figure>\n<p>1inch has been dubbed the \u201cLeading DEX Aggregator.\u201d It runs on the Ethereum blockchain, Binance Smart Chain, and Polygon networks. 1inch is also a non-custodial exchange, which means instead of functioning as an exchange itself, it splits orders between other DEXs to find the <strong>best possible exchange rates for you<\/strong>. And you\u2019ll also need a third-party wallet to use its services.<\/p>\n<p>And the best part? It doesn\u2019t have any withdrawal or deposit fees. It also works with various wallets like <strong>Metamask<\/strong>, <strong>WalletConnect<\/strong>, <strong>Fortmatic<\/strong>, etc. 1ich is also compatible with around <strong>400 varieties of cryptos<\/strong>. This is why 1inch is one of the most recommended DEX. And you can leverage your funds by earning farm yields through 1inch\u2019s DEX.<\/p>\n<h3><a target=\"_blank\" href=\"https:\/\/uniswap.org\/\" rel=\"noopener\">UniSwap<\/a><\/h3>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.hongkiat.com\/uploads\/yield-farming-in-defi\/uniswap.jpg\" width=\"1000\" height=\"805\" alt=\"Uniswap homepage\"><\/figure>\n<p>UniSwap is also a decentralized exchange with a liquidity pool in which you can earn profits through yield farming. Uniswap\u2019s best feature is its function to <strong>swap any Ethereum tokens <\/strong>without using a separate exchange, which is convenient, especially when trading.<\/p>\n<p>Uniswap charges a <strong>0.3% fee for all swaps<\/strong>, and this fee doesn\u2019t return to Uniswap. Instead, it gets distributed to the liquidity providers as an incentive for supporting its pool. Though a <strong>separate payment for gas<\/strong> would be required when doing transactions on the Ethereum blockchain.<\/p>\n<h3><a target=\"_blank\" href=\"https:\/\/aave.com\/\" rel=\"noopener\">Aave<\/a><\/h3>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.hongkiat.com\/uploads\/yield-farming-in-defi\/aave.jpg\" width=\"1000\" height=\"805\" alt=\"Aave homepage\"><\/figure>\n<p>Aave is also a <strong>non-custodial exchange for borrowers, lenders, and liquidity providers<\/strong>. Its liquidity protocol allows you to earn interest through lending and providing liquidity and borrow from its liquidity to leverage it.<\/p>\n<p>Its lending protocol is also open-source, meaning you and other developers can make customizations. And just like other DEX platforms, Aave allows collateral swaps for maximum profit.<\/p>\n<p>Aave also offers <strong>flash loans for a small or limited amount<\/strong>, which don\u2019t require any collateral but are subject to fees. Flash loan is a unique and revolutionary new feature of DeFi. Although it\u2019s also worth mentioning that hackers have exploited it in the past.<\/p>\n<h3><a target=\"_blank\" href=\"https:\/\/pancakeswap.finance\/\" rel=\"noopener\">PancakeSwap<\/a><\/h3>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.hongkiat.com\/uploads\/yield-farming-in-defi\/pancakeswap.jpg\" width=\"1000\" height=\"805\" alt=\"PancakeSwap homepage\"><\/figure>\n<p>PancakeSwap is an <strong>automated market maker (AMM)<\/strong>, just like Uniswap. In fact, Pancakeswap was launched in September of 2020 and started as a copy of Uniswap on the Binance Smart Chain.<\/p>\n<p>However since then, PancakeSwap developed its platform and made a name of its own in the DeFi space. And they now offer their service, doing more daily transactions with low fees and higher speed.<\/p>\n<p>PancakseSwap also takes pride in its security as it has never been hacked. The only risk involved is if you\u2019d carelessly invest in a non-legitimate project. Another risk is impermanent loss, a complicated topic that needs an in-depth explanation, so we\u2019ll go over it later.<\/p>\n<h3><a target=\"_blank\" href=\"https:\/\/www.binance.com\/en\" rel=\"noopener\">Binance<\/a><\/h3>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.hongkiat.com\/uploads\/yield-farming-in-defi\/binance.jpg\" width=\"1000\" height=\"805\" alt=\"Binance homepage\"><\/figure>\n<p>Binance is one of the largest and most well-known crypto exchanges suitable for advanced traders. It is also known for its low fees and several options and features.<\/p>\n<p>But it might get overwhelming, especially if you\u2019re a beginner. Binance also has a wide variety of cryptos to choose from. And its platform currently <strong>supports over 365 cryptos<\/strong> and fiat currencies like <strong>USD<\/strong>, <strong>AUD<\/strong>, <strong>EUR<\/strong>, and more.<\/p>\n<p>I previously wrote about <a target=\"_blank\" href=\"https:\/\/www.hongkiat.com\/blog\/binance-alternatives\/\" rel=\"noopener\">Binance alternatives<\/a> which you can check in case Binance is not avaialble in your region. A lot of these alternatives also offer yield farming.<\/p>\n<h2>How to become a liquidity provider for 1inch protocol<\/h2>\n<p>As mentioned above, 1inch is one of the best liquidity protocols you can farm. And below are the following steps to become one of its liquidity providers.<\/p>\n<ol>\n<li>Visit 1inch <a target=\"_blank\" href=\"https:\/\/app.1inch.io\/#\/1\/swap\/ETH\/DAI\" rel=\"noopener\"><strong>pools<\/strong><\/a> tab.<\/li>\n<li> Click on \u201c<strong>Connect Wallet<\/strong>\u201d in your screen\u2019s upper right corner. If you are new to wallets, read up on <a target=\"_blank\" href=\"https:\/\/www.hongkiat.com\/blog\/metamask-explained\/\" rel=\"noopener\">how to use MetaMask<\/a> or check out some <a target=\"_blank\" href=\"https:\/\/www.hongkiat.com\/blog\/metamask-alternatives\/\" rel=\"noopener\">MetaMask alternatives<\/a>.<\/li>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.hongkiat.com\/uploads\/yield-farming-in-defi\/inch00.jpg\" width=\"1000\" height=\"805\" alt=\"First step of 1Inch yield farming\"><\/figure>\n<li>Pick a token pair you like, and then click the \u201c<strong>+<\/strong>\u201d symbol on the right to provide liquidity.<\/li>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.hongkiat.com\/uploads\/yield-farming-in-defi\/inch01.jpg\" width=\"1000\" height=\"805\" alt=\"Next step of 1Inch yield farming for providing liquidity\"><\/figure>\n<li>You can adjust the amount of each token you want to provide by changing the number of LP tokens in the \u201c<strong>enter LP tokens to mint<\/strong>\u201d field.<\/li>\n<li>You\u2019ll need to unlock both assets in the pool. So click on \u201c<strong>unlock<\/strong>,\u201d then confirm the transaction on your wallet.<\/li>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.hongkiat.com\/uploads\/yield-farming-in-defi\/inch02.jpg\" width=\"1000\" height=\"805\" alt=\"1inch Provide Liquidity Option\"><\/figure>\n<li>Click \u201c<strong>provide liquidity<\/strong>,\u201d then confirm the transaction in your wallet.<\/li>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.hongkiat.com\/uploads\/yield-farming-in-defi\/inch03.jpg\" width=\"1000\" height=\"805\" alt=\"Confirm providing liquidity by accepting the transaction via wallet\"><\/figure>\n<p>Next, you\u2019ll need to participate in farming by staking those LP tokens for additional profit.<\/p>\n<li>Click on the \u2018<strong>farming<\/strong>\u2018 tab, look for the pair you\u2019ve provided liquidity, and click on \u2018<strong>deposit<\/strong>.\u2019<\/li>\n<li>Click on the \u2018<strong>balance<\/strong>\u2018 to enter the max number of LP tokens.<\/li>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.hongkiat.com\/uploads\/yield-farming-in-defi\/inch04.jpg\" width=\"1000\" height=\"805\" alt=\"Enter max number of LP tokens\"><\/figure>\n<li>In the upper right corner of the field, click on \u2018<strong>unlock token<\/strong>\u2018 and then select one of the two unlocking options.<\/li>\n<li>Confirm the transaction in your wallet. Click on \u2018<strong>deposit<\/strong>\u2018 and confirm it on your wallet once again.<\/li>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.hongkiat.com\/uploads\/yield-farming-in-defi\/Inch05.jpg\" width=\"1000\" height=\"805\" alt=\"Confirm the transaction on 1inch to become a Liquidity Provider\"><\/figure>\n<\/ol>\n<p>It\u2019s as easy as that! You\u2019ve completed the process of providing liquidity to its pool, and you now have LP tokens of that pool in your wallet, representing your share of liquidity.<\/p>\n<h2>How Yield Farming calculations work<\/h2>\n<p>The yield farming returns are calculated over the course of the year by <strong>APR <\/strong>(Annual Percentage Rate) and <strong>APY<\/strong> (Annual Percentage Yield).<\/p>\n<p>APR is the <strong>amount of interest you pay annually<\/strong>, ignoring the compounding impact. On the other hand, APY is the actual percentage of return you\u2019ll receive while accounting for the compounding interest.<\/p>\n<p>Note that these two measurements are <strong>estimations<\/strong> and <strong>never 100% accurate<\/strong> due to the volatility of the market and its ever-changing incentives.<\/p>\n<h2>Finding coins with great yields<\/h2>\n<p>Finding coins with great yields can be tricky and very dangerous. So it\u2019s highly advised that you <strong>stick with the well-established mainstream coins with a solid foundation<\/strong>. Some coins offer high returns to attract many investors, leading to their growth and success.<\/p>\n<p>But as you already know, cryptos are insanely volatile, and choosing a new or unknown coin could result in profit loss. So critical and thorough research is crucial when diving into the unknown.<\/p>\n<h2>What are the risks of Yield Farming?<\/h2>\n<p>As enticing as all of this sounds, liquidity pools are known to be a playground for hackers. So there\u2019s always an imminent danger when farming. And there are some drawbacks that you need to be aware of when farming liquidity pools:<\/p>\n<h3>1. Impermanent loss<\/h3>\n<p>Impermanent loss happens when the liquidity you\u2019ve provided in the pool decreases in value. And by the time you withdraw, you\u2019ll have less amount than your initial deposit. But this can be lessened or even negated through your interest rate.<\/p>\n<p>Let\u2019s say you lost <strong>15% in impermanent loss<\/strong> due to some crash but were able to <strong>gain 35% APR<\/strong>. This means you still managed to profit despite the recession.<\/p>\n<h3>2. Interest rates decrease as the pool gets popular<\/h3>\n<p>When one liquidity pool performs well, it will catch the attention of other investors, making a congested pool with a whole lot of investors to divide the profit. Remember that the profit comes from the fees of people doing trades and transactions. So it is not an unlimited source that everyone can farm.<\/p>\n<h3>3. Scam liquidity pools<\/h3>\n<p>The liquidity pool you\u2019re invested in could turn out to be a scam. Some liquidity pools are designed to have very high yields to entice other investors to pour their funds into them.<\/p>\n<p>The developers could then take away all the funds you\u2019ve invested, leaving everyone with nothing. This scheme is also known as <strong>rug pull<\/strong>. But if you\u2019d stick with trusted and well-established liquidity pools, this should be the least of your concern.<\/p>\n<h2>To End<\/h2>\n<p>Suppose you made it till the end, congratulations! You now have a better understanding of yield farming and how to profit from it. And please know that this article is intended for educational and entertainment purposes only. So this should not be taken as financial advice, and you should always do your due diligence.<\/p>","protected":false},"excerpt":{"rendered":"<p>Since the creation of Bitcoin in 2009, other cryptos started to appear one by one, which sparked countless opportunities within the crypto sphere. And we now have tons of different ways to use this technology and earn extra profits without making much effort. To many, buying and holding your cryptos for long-term market maturity is&hellip;<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3398],"tags":[4613,3825],"topic":[],"class_list":["entry-content","is-maxi"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Yield Farming in DeFi for Beginners - Hongkiat<\/title>\n<meta name=\"description\" content=\"Since the creation of Bitcoin in 2009, other cryptos started to appear one by one, which sparked countless opportunities within the crypto sphere. And we\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.hongkiat.com\/blog\/yield-farming-in-defi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Yield Farming in DeFi for Beginners\" \/>\n<meta property=\"og:description\" content=\"Since the creation of Bitcoin in 2009, other cryptos started to appear one by one, which sparked countless opportunities within the crypto sphere. And we\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.hongkiat.com\/blog\/yield-farming-in-defi\/\" \/>\n<meta property=\"og:site_name\" content=\"Hongkiat\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/hongkiatcom\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-29T13:01:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/assets.hongkiat.com\/uploads\/yield-farming-in-defi\/farming.jpg\" \/>\n<meta name=\"author\" content=\"Rean\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@hongkiat\" \/>\n<meta name=\"twitter:site\" content=\"@hongkiat\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rean\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"10 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.hongkiat.com\\\/blog\\\/yield-farming-in-defi\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.hongkiat.com\\\/blog\\\/yield-farming-in-defi\\\/\"},\"author\":{\"name\":\"Rean\",\"@id\":\"https:\\\/\\\/www.hongkiat.com\\\/blog\\\/#\\\/schema\\\/person\\\/9055cf045c2ed578773e8a4e184ba621\"},\"headline\":\"Yield Farming in DeFi for Beginners\",\"datePublished\":\"2022-04-29T13:01:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.hongkiat.com\\\/blog\\\/yield-farming-in-defi\\\/\"},\"wordCount\":2117,\"publisher\":{\"@id\":\"https:\\\/\\\/www.hongkiat.com\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.hongkiat.com\\\/blog\\\/yield-farming-in-defi\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/assets.hongkiat.com\\\/uploads\\\/yield-farming-in-defi\\\/farming.jpg\",\"keywords\":[\"Blockchain\",\"Cryptocurrency\"],\"articleSection\":[\"Internet\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.hongkiat.com\\\/blog\\\/yield-farming-in-defi\\\/\",\"url\":\"https:\\\/\\\/www.hongkiat.com\\\/blog\\\/yield-farming-in-defi\\\/\",\"name\":\"Yield Farming in DeFi for Beginners - Hongkiat\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.hongkiat.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.hongkiat.com\\\/blog\\\/yield-farming-in-defi\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.hongkiat.com\\\/blog\\\/yield-farming-in-defi\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/assets.hongkiat.com\\\/uploads\\\/yield-farming-in-defi\\\/farming.jpg\",\"datePublished\":\"2022-04-29T13:01:21+00:00\",\"description\":\"Since the creation of Bitcoin in 2009, other cryptos started to appear one by one, which sparked countless opportunities within the crypto sphere. And we\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.hongkiat.com\\\/blog\\\/yield-farming-in-defi\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.hongkiat.com\\\/blog\\\/yield-farming-in-defi\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.hongkiat.com\\\/blog\\\/yield-farming-in-defi\\\/#primaryimage\",\"url\":\"https:\\\/\\\/assets.hongkiat.com\\\/uploads\\\/yield-farming-in-defi\\\/farming.jpg\",\"contentUrl\":\"https:\\\/\\\/assets.hongkiat.com\\\/uploads\\\/yield-farming-in-defi\\\/farming.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.hongkiat.com\\\/blog\\\/yield-farming-in-defi\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.hongkiat.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Yield Farming in DeFi for Beginners\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.hongkiat.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.hongkiat.com\\\/blog\\\/\",\"name\":\"Hongkiat\",\"description\":\"Tech and Design Tips\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.hongkiat.com\\\/blog\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.hongkiat.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.hongkiat.com\\\/blog\\\/#organization\",\"name\":\"Hongkiat.com\",\"url\":\"https:\\\/\\\/www.hongkiat.com\\\/blog\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.hongkiat.com\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.hongkiat.com\\\/blog\\\/wp-content\\\/uploads\\\/hkdc-logo-rect-yoast.jpg\",\"contentUrl\":\"https:\\\/\\\/www.hongkiat.com\\\/blog\\\/wp-content\\\/uploads\\\/hkdc-logo-rect-yoast.jpg\",\"width\":1200,\"height\":799,\"caption\":\"Hongkiat.com\"},\"image\":{\"@id\":\"https:\\\/\\\/www.hongkiat.com\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/hongkiatcom\",\"https:\\\/\\\/x.com\\\/hongkiat\",\"https:\\\/\\\/www.pinterest.com\\\/hongkiat\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.hongkiat.com\\\/blog\\\/#\\\/schema\\\/person\\\/9055cf045c2ed578773e8a4e184ba621\",\"name\":\"Rean\",\"description\":\"Rean is an operations specialist, growth hacker, and a consultant specializing in remote team setup and management.\",\"url\":\"https:\\\/\\\/www.hongkiat.com\\\/blog\\\/author\\\/rean\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Yield Farming in DeFi for Beginners - Hongkiat","description":"Since the creation of Bitcoin in 2009, other cryptos started to appear one by one, which sparked countless opportunities within the crypto sphere. And we","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.hongkiat.com\/blog\/yield-farming-in-defi\/","og_locale":"en_US","og_type":"article","og_title":"Yield Farming in DeFi for Beginners","og_description":"Since the creation of Bitcoin in 2009, other cryptos started to appear one by one, which sparked countless opportunities within the crypto sphere. And we","og_url":"https:\/\/www.hongkiat.com\/blog\/yield-farming-in-defi\/","og_site_name":"Hongkiat","article_publisher":"https:\/\/www.facebook.com\/hongkiatcom","article_published_time":"2022-04-29T13:01:21+00:00","og_image":[{"url":"https:\/\/assets.hongkiat.com\/uploads\/yield-farming-in-defi\/farming.jpg","type":"","width":"","height":""}],"author":"Rean","twitter_card":"summary_large_image","twitter_creator":"@hongkiat","twitter_site":"@hongkiat","twitter_misc":{"Written by":"Rean","Est. reading time":"10 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.hongkiat.com\/blog\/yield-farming-in-defi\/#article","isPartOf":{"@id":"https:\/\/www.hongkiat.com\/blog\/yield-farming-in-defi\/"},"author":{"name":"Rean","@id":"https:\/\/www.hongkiat.com\/blog\/#\/schema\/person\/9055cf045c2ed578773e8a4e184ba621"},"headline":"Yield Farming in DeFi for Beginners","datePublished":"2022-04-29T13:01:21+00:00","mainEntityOfPage":{"@id":"https:\/\/www.hongkiat.com\/blog\/yield-farming-in-defi\/"},"wordCount":2117,"publisher":{"@id":"https:\/\/www.hongkiat.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.hongkiat.com\/blog\/yield-farming-in-defi\/#primaryimage"},"thumbnailUrl":"https:\/\/assets.hongkiat.com\/uploads\/yield-farming-in-defi\/farming.jpg","keywords":["Blockchain","Cryptocurrency"],"articleSection":["Internet"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.hongkiat.com\/blog\/yield-farming-in-defi\/","url":"https:\/\/www.hongkiat.com\/blog\/yield-farming-in-defi\/","name":"Yield Farming in DeFi for Beginners - Hongkiat","isPartOf":{"@id":"https:\/\/www.hongkiat.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.hongkiat.com\/blog\/yield-farming-in-defi\/#primaryimage"},"image":{"@id":"https:\/\/www.hongkiat.com\/blog\/yield-farming-in-defi\/#primaryimage"},"thumbnailUrl":"https:\/\/assets.hongkiat.com\/uploads\/yield-farming-in-defi\/farming.jpg","datePublished":"2022-04-29T13:01:21+00:00","description":"Since the creation of Bitcoin in 2009, other cryptos started to appear one by one, which sparked countless opportunities within the crypto sphere. And we","breadcrumb":{"@id":"https:\/\/www.hongkiat.com\/blog\/yield-farming-in-defi\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.hongkiat.com\/blog\/yield-farming-in-defi\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.hongkiat.com\/blog\/yield-farming-in-defi\/#primaryimage","url":"https:\/\/assets.hongkiat.com\/uploads\/yield-farming-in-defi\/farming.jpg","contentUrl":"https:\/\/assets.hongkiat.com\/uploads\/yield-farming-in-defi\/farming.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.hongkiat.com\/blog\/yield-farming-in-defi\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.hongkiat.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Yield Farming in DeFi for Beginners"}]},{"@type":"WebSite","@id":"https:\/\/www.hongkiat.com\/blog\/#website","url":"https:\/\/www.hongkiat.com\/blog\/","name":"Hongkiat","description":"Tech and Design Tips","publisher":{"@id":"https:\/\/www.hongkiat.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.hongkiat.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.hongkiat.com\/blog\/#organization","name":"Hongkiat.com","url":"https:\/\/www.hongkiat.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.hongkiat.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.hongkiat.com\/blog\/wp-content\/uploads\/hkdc-logo-rect-yoast.jpg","contentUrl":"https:\/\/www.hongkiat.com\/blog\/wp-content\/uploads\/hkdc-logo-rect-yoast.jpg","width":1200,"height":799,"caption":"Hongkiat.com"},"image":{"@id":"https:\/\/www.hongkiat.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/hongkiatcom","https:\/\/x.com\/hongkiat","https:\/\/www.pinterest.com\/hongkiat\/"]},{"@type":"Person","@id":"https:\/\/www.hongkiat.com\/blog\/#\/schema\/person\/9055cf045c2ed578773e8a4e184ba621","name":"Rean","description":"Rean is an operations specialist, growth hacker, and a consultant specializing in remote team setup and management.","url":"https:\/\/www.hongkiat.com\/blog\/author\/rean\/"}]}},"jetpack_featured_media_url":"https:\/\/","jetpack_shortlink":"https:\/\/wp.me\/p4uxU-fuk","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.hongkiat.com\/blog\/wp-json\/wp\/v2\/posts\/59540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hongkiat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hongkiat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hongkiat.com\/blog\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hongkiat.com\/blog\/wp-json\/wp\/v2\/comments?post=59540"}],"version-history":[{"count":2,"href":"https:\/\/www.hongkiat.com\/blog\/wp-json\/wp\/v2\/posts\/59540\/revisions"}],"predecessor-version":[{"id":59542,"href":"https:\/\/www.hongkiat.com\/blog\/wp-json\/wp\/v2\/posts\/59540\/revisions\/59542"}],"wp:attachment":[{"href":"https:\/\/www.hongkiat.com\/blog\/wp-json\/wp\/v2\/media?parent=59540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hongkiat.com\/blog\/wp-json\/wp\/v2\/categories?post=59540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hongkiat.com\/blog\/wp-json\/wp\/v2\/tags?post=59540"},{"taxonomy":"topic","embeddable":true,"href":"https:\/\/www.hongkiat.com\/blog\/wp-json\/wp\/v2\/topic?post=59540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}