It is the type of cryptocurrencies which is yield farming in which we earn an annual percentage which is the yield on payments with the banks, it is to be said that when investors participate in crypto market yield farming they grow their money value of the crypto currency, yield farming Is not passive unlike APY along with the bank.
After all that discussion it is to be said that yield farming is profitable or not for discussing this topic, it is the method through which investors earn interest on their respective digital asset, with the help of the combination of those interest and token, yield farmer can earn profit that is real with their cryptocurrencies investment.
There are so many ways through which we can easily start yield farming with twenty minutes for that purpose first we need to buy the BNB on the website on Binance.com we need to search the correct pair, then we have to create the authentic META MASK wallet, then we need to connect the Meta Mask to perform the binance smart chain, then we need to transfer BNB to MetaMask, then add cake token address to Meta mask, after that, we have to swap BNB to Cake on Pancake swap, at the very last steps we need to yield farm our cake and then conclude.
There are so many risks after which are yield farming risks in general and happen before it`s getting general they are price risk, developer risk, liquidation risk, smart contract risk, yield farming bug risk.
