Yield farming for beginners

Someone asked for yield farming recommendations yesterday in the daily and I thought I'd open a thread for it, because I'm sure more people are interested in that.

I'd love to hear experiences with and recommendations for:

• Protocols and projects
• Strategies for keeping track of deposits, moving funds where yield is good, avoiding tax headache
• Resources for learning

Protocols and projects I saw mentioned before:

• Aave
• Yearn
• Beefy
• Convex
• Pendle

Resources

• https://defillama.com/yields
• https://swap.defillama.com/?tab=earn
• The Rabbit Hole Explorer’s Guide by u/LogrisTheBard is a great read and contains the following list of places to start in DeFi:
  • Money markets such as Aave and Compound
  • Dexs such as Uniswap and Curve
  • Liquidity incentives/farming such as Convex and Aura
  • Leverage such as Gearbox, Defisaver, and GMX
  • Options such as Lyra and Hegic
  • Real world asset protocols such as Centrifuge and Maker
  • Regen finance such as Gitcoin Grants, Greenpill, and Klima

I'll add to the lists, based on recommendations in this thread.

Personally, I think I'd like to do something with USDC. I want to split a smallish amount into a couple of different protocols, some low risk low yield and also some a bit more experimental. I'm ready to loose some of my money, I mainly want to try stuff out. I'm in Germany and ideally this will not make my taxes a complete nightmare.

Crab markets are for yield farming so LFG!