Yield farming for beginners
Someone asked for yield farming recommendations yesterday in the daily and I thought I'd open a thread for it, because I'm sure more people are interested in that.
I'd love to hear experiences with and recommendations for:
- Protocols and projects
- Strategies for keeping track of deposits, moving funds where yield is good, avoiding tax headache
- Resources for learning
Protocols and projects I saw mentioned before:
- Aave
- Yearn
- Beefy
- Convex
- Pendle
Resources
I'll add to the lists, based on recommendations in this thread.
Personally, I think I'd like to do something with USDC. I want to split a smallish amount into a couple of different protocols, some low risk low yield and also some a bit more experimental. I'm ready to loose some of my money, I mainly want to try stuff out. I'm in Germany and ideally this will not make my taxes a complete nightmare.
Crab markets are for yield farming so LFG!
submitted by /u/_tchekov
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