Trying to wrap my head around yield farming. Everyone’s talking about insane APYs, but how does it actually work? And can you even use Bitcoin for this?

Yield farming lets you earn passive income by providing liquidity to DeFi protocols—think lending or staking crypto in pools to generate rewards. While Bitcoin itself isn’t natively used in most yield farms (since it’s not built for smart contracts), you can still leverage its value via wrapped Bitcoin (WBTC), which pegs BTC to Ethereum’s network. Platforms like Aave or Compound let you deposit WBTC into liquidity pools, earning interest or governance tokens.
Here’s the Bitcoin connection: By converting BTC to WBTC (which Paybis lets you do instantly), you unlock DeFi opportunities without selling your Bitcoin. For example, pairing WBTC with stablecoins in a liquidity pool on Uniswap can net you trading fees + extra tokens like UNI. But beware of impermanent loss and smart contract risks!
Paybis’ yield farming guide here breaks down strategies, from low-risk stablecoin pools to higher-reward farms. Always track APY fluctuations and diversify across platforms. And yes, Bitcoin’s role here is indirect but powerful—it’s your gateway to DeFi’s yield frenzy without abandoning your OG crypto holdings.