Yield farming for beginners

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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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