decentralized finance (DeFi)</strong></a> markets. It became especially popular in 2020.&nbsp;</p>\n<p><strong>This investment strategy generally involves</strong> <strong>staking</strong>, also referred to as holding, or lending a specific cryptocurrency. There are a few decentralized finance platforms that issue rewards for their users in the form of governance tokens.</p>\n<p>The <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-annual-percentage-yield-apy/">annual percentage yield (APY)</strong></a> is used to calculate the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-roi/">return on an investment (ROI)</strong></a>. It&rsquo;s a good option since it includes the effect of compounding interest.</p>\n<p>Most yield farmers practice changing the DeFi protocol multiple times. They do this in order to receive maximum returns.&nbsp;</p>\n<p>Just like any investment strategy, yield farming is not without its risks. 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It&rsquo;s important to note a couple of the fundamental ideas of blockchain technology to put it in context.</p>\n<p>Keep in mind that a blockchain is a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-distributed-ledger/">decentralized ledger</strong></a> made up of a continuous chain of <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-block/">blocks. A blockchain is <strong>managed by a network of distributed nodes</strong> that agree on the integrity of the data stored on a shared ledger. In order to disrupt the blockchain's integrity, bad actors would need to control at least 51% of the network's computer power.</p>\n<p>After transmitting data to the blockchain, users must wait for one of the network's nodes to register and then verify the data before <strong>adding it to a block</strong>. Since the blocks are interconnected, each validated block confirms all previous blocks. A zero confirmation transaction is one that has not yet been validated on the blockchain and, as a result, is <strong>not yet a part of it</strong>.</p>\n<p>This can be thought of as a transaction that has been launched but not yet confirmed by the network's <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-miner/">miners. Only the actor initiating the transaction is aware of it, and the transaction is considered to have zero confirmation until a block is mined and the <strong>transaction has been confirmed by other network participants</strong>. Bare in mind that the time it takes for a transaction to be confirmed varies based on the amount of transactions on a network.</p>\n<p>When a seller distributes their goods before a crypto payment has been verified by the network, with the expectation that the confirmation would eventually be confirmed, is <strong>an example of a zero confirmation transaction</strong>. In most cases, at least six network confirmations are required to be fairly certain that the transaction has been verified.</p>","level":"medium","meta_title":"What is Zero Confirmation/Unconfirmed Transaction? 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On the other hand, this metric differs from year to year since it compares two specific dates one year apart on a yearly premise. In this way, both evaluations are equally useful to traders when comparing the performance of specific cryptocurrencies.</p>\n<p>A few examples of year to date:</p>\n<ul>\n<li>Year to date <strong>returns</strong>;</li>\n<li>Year to date <strong>earnings</strong>;</li>\n<li>Year to date <strong>net pay</strong>.</li>\n</ul>\n<p>So, YTD financial information is beneficial for the administration since it allows them to <strong>monitor a company's financial health</strong> on a temporary basis instead of waiting until the end of the fiscal year.</p>","level":"easy","meta_title":"What is YTD? Definition & Meaning | Crypto Wiki","meta_description":"YTD meaning: YTD - Year to date YTD is a metric that analyzes an asset’s performance over the course of a calendar year, from January 1 to today.","meta_keywords":null,"language":"en","created_at":"2022-04-05T07:51:46.000000Z","updated_at":"2022-05-13T14:32:24.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-ytd"},"currentChapter":"Y","currentSection":"what-is-yield-farming","chapterTitle":"Y","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-yield-farming","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">
Handbook Cover Page
Crypto Terms: Letter Y

What is Yield Farming?

Yield Farming MEANING:
Yield Farming - the process of taking your cryptocurrency and trying to maximize its possible return by investing it in DeFi platforms.
Easy
1 minute

Let's find out Yield Farming meaning, definition in crypto, what is Yield Farming, and all other detailed facts.

Yield Farming is an investment strategy with the goal of generating high returns by investing in cryptocurrencies through decentralized finance (DeFi) markets. It became especially popular in 2020. 

This investment strategy generally involves staking, also referred to as holding, or lending a specific cryptocurrency. There are a few decentralized finance platforms that issue rewards for their users in the form of governance tokens.

The annual percentage yield (APY) is used to calculate the return on an investment (ROI). It’s a good option since it includes the effect of compounding interest.

Most yield farmers practice changing the DeFi protocol multiple times. They do this in order to receive maximum returns. 

Just like any investment strategy, yield farming is not without its risks. The main issue remains within smart contracts as they’re susceptible to various bugs. This can, in turn, leave the coins and tokens wide open to attacks from hackers.
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