Is yield farming profitable?

Here is the list of the top 5 defi platforms for yielding:

Originally founded in 2014 as Realcoin, Tether sits rightfully atop the list of stablecoins as the first such coin in the world. And with a $78 billion market cap, it’s also the largest by far.

Yield farming is the process of using decentralized finance (DeFi) to maximize returns . Users lend or borrow crypto on a DeFi platform and earn cryptocurrency in return for their services.23 Şub 2022

For example, yield farmers who get involved early with a new project or strategy can reap sizable profits . Returns can range from 1% to 1,000% APY, according to CoinGecko.