Use Decentralized Exchanges to buy/sell tokens, then simply hold them in your wallet
Uses DeFi applications for a only a brief moment in time, limited attack surface, but avoid infinite token approvals!
@UniswapProtocol @KyberSwap @1inchExchange @DEXAG_TokenWire
Lend tokens to a Money Market or Automated Market Maker and earn interest / trading fees
This and below have higher risk as your funds are held in a smart contract that may have an admin key or governance risk
@compoundfinance @AaveAave @CurveFinance @BalancerLabs
Deposit tokens to a money market to use as collateral for a loan to go leveraged long or hedge risk
Subject to liquidations if collateral drops in value and/or borrowing asset increase in value, includes price oracle risk
@MakerDAO @AaveAave @compoundfinance @futureswapx
Full out degen yield farming mode, basically any of the yield farming threads I have been posting that uses six or more DeFi protocols/tokens at a time
Your risk increases proportionally to every additional exciting but unproven protocol used
Always do your own research
If you don't know what you're doing, take a step back, absorb info, process it, make a plan, then take a slow but steady approach
There is a reason the APYs are so high, these returns come with strings attached
This could all come crashing down at any moment because of poor oracle practices, weak security models, lack of audits, etc