Arbitrum Yield Farming: Everything You Need To Know To Get Started

I researched 60+ DeFi projects offering yield on Arbitrum: here is my summary.

DeFi and yield farming have permanently changed how people engage with and understand finance and investing. Things can never go back to the way they were before decentralized technology existed.

It hasn’t been easy though. The blockchain and DeFi industries have faced significant challenges, one of the most persistent being what has been dubbed by Ethereum co-founder Vitalik Buterin “the blockchain scalability trilemma”, which refers to the seemingly necessary trade-offs between security, scalability, and decentralization within blockchains.

Source: Twitter

Ethereum for example chooses side C. It is considered highly secure and fairly decentralized, but with scalability issues. The network gets congested during high traffic periods — Ethereum can only handle ~29 transactions per second at the time of writing — and this leads to transaction fees (gas prices) often spiking above $100. Ethereum Layer 2 (L2) blockchains aim to provide the solution for scalability.

Arbitrum is one such L2 blockchain built on top of Ethereum. In fact, according to DeFi Llama, it’s the leading L2 by TVL, trading volume…