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If you’re new to #DeFi, I’m guessing you’re here to make money. Yield Farming is a great place to start but can be confusing without the proper guidance. This thread will help you understand how to get started and some of the risks involved with Yield Farming 
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Yield Farming is a way to earn interest on your assets through various platforms, which specialize in lending ( @aaveaave), profit-earning strategies ( @iearnfinance), or aggregators ( @DraculaProtocol). Good article about Yield Farming: https://www.coindesk.com/defi-yield-farming-comp-token-explained 2/12
The risk varies depending on the platform, but generally speaking the higher the return (APR), the greater the risk. It is possible that you’ll lose all of your funds if you deposit your assets to a malicious or vulnerable platform, so do your own research before depositing. 3/12
It doesn’t make sense to Yield Farm with less than $1,000 worth of assets. Transaction fees for interacting with platforms on the $ETH blockchain, known as gas prices, will cost more than what you’ll earn. Monitor gas price here: https://ethgasstation.info/ 4/12
Those are the basics, next I’m going to give an example of how to start farming. Remember, don’t put in more than you can afford to lose. Although crypto can be extremely profitable, it is still relatively new and the risks are much higher than traditional finance. 5/12
To start, you’ll need a crypto wallet. I recommend https://metamask.io/ , as you can purchase $ETH through it. Save the 12-word seed phrase and keep it secret. You can send any $ETH you have to your new wallet address (Which is different from your seed phrase). 6/12
I look for the best current Yield Farms through @Coingecko, here: https://www.coingecko.com/en/yield-farming. Most of the platforms listed are battle-tested and relatively safe, with audit information for each farm. I look for farms that allow $ETH or $LINK to be used as the base asset. 7/12
In this example, I'll choose the SushiSwap $LINK / $ETH pool. Select the link underneath the ‘Pool’ column. Once on SushiSwap, deposit $LINK and $ETH in an even ratio to become a liquidity provider (LP). Depositing will cost gas (in $ETH) and it may take several minutes. 8/12
You'll get an LP token that represents your share, which must be ‘staked’ in order to earn rewards in $SUSHI. Staking is another transaction and will cost you $ETH. To claim your $SUSHI rewards, you will have to ‘harvest’ them every so often, which can be expensive. 9/12
The solution? Stake your LP token through @DraculaProtocol and the rewards will be harvested automatically at no cost. In order to stake through them, you can’t already be staked on SushiSwap. Unstake on SushiSwap and stake your LP tokens at http://dracula.sucks 
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You should be staked through a farm of your choice and earning yields! But how do you know how much you’ve made? I track my earnings through @zapper_fi or @DeBankDeFi, depending on the pool. Both are great tools for portfolio value and pending yields. 11/12
Do you have to pay taxes on your Yield Farming profits? Probably. I use @TokenTax for all of my tax filings. It’s pretty easy and worth the costs. Did I miss anything? Feel free to ask any questions below. Here's to a fruitful harvest, Farmers! 
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