Crypto real yield as a metric compares a project's offered yield against its revenue. If the returns for staking are greater in real terms than the provided interest, the emissions are dilutionary. This means that their yield isn’t sustainable or, in lay terms, “real.” Real yield isn't necessarily better than dilutionary emissions, which are often used for marketing purposes. However, this indicator can serve as a useful tool for gauging a project's long-term yield-bearing prospects.

Yield farming allows users to earn cryptocurrency rewards for locking up their assets in yield-bearing pools. There are various opportunities to yield farm, including liquidity pools, native network staking, and lending protocols. What they all have in common is that they generate a return for the user in exchange for putting this user’s fund to work. It's common for yield farmers to use protocols that maximize their returns, known as yield optimizers. Yield farmers will also move their funds around, looking for the best returns available in the market.

Source - https://academy.binance.com/en/articles/what-is-real-yield-in-defi

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