Stated simply, to yield-farm in cryptocurrency you must handover custody of your crypto assets to a particular DeFi platform Yield Farming Explained The concept of Yield Farming surely creates an imagination of agricultural activity to any mind new to cryptocurrency and the blockchain space.
Protocols that integrate yield farming or liquidity rewards enable user participation in cryptocurrency markets in a passive way.
Yield farming requires little experience and effort, a lot of people have found success in yield farming as a source of passive income.
Those were the early days of Yield Farming, but the practice became prominent in early 2020 when a blockchain credit platform, Compound Protocol, began issuing its native COMP tokens as a reward to early users.
Smart Contract Risks Again, it is not a pleasant experience to lose your hard-earned money to thieves, but this is a very real possibility as far as yield farming and crypto are concerned.
Finance that lost more than $20 million in a hack.

Source -https://www.bsc.news/post/cryptonomics-yield-farming-explained
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