Yield Farming in Decentralized Finance is the latest addition to the cryptocurrency development methodology. This idea is fully based on the functioning parameters of the decentralized liquidity pool. In this concept, the users are called the liquid providers, where these users donate funds to the decentralized liquidity pool. This liquidity pool secures the funds and in return, the liquidity providers receive rewards in the form of crypto coins and tokens. Additionally, these rewards can be redeemed in the future by investing them in another decentralized liquidity pool by the users.
