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Decentralized Finance (DeFi) is witnessing unprecedented growth, driven by innovations like permissionless composability, Chainlink’s decentralized oracles, and yield farming, which offer new financial products. Yield farming, also known as liquidity mining, rewards users who provide liquidity or other value to decentralized applications (dApps) with governance tokens and higher annual percentage yields (APY). As DeFi evolves, yield farming has become a key case of innovation, with projects leveraging these models to increase Total Value Locked (TVL) and distribute governance tokens equitably among users, fostering decentralized governance. The decentralized oracles provided by Chainlink play a crucial role by offering reliable price feeds that support these processes. Projects like Synthetix and Compound have pioneered yield farming, contributing to its popularization, and continue to innovate by integrating with Chainlink's infrastructure. This ecosystem has led to significant user engagement and token distribution, while also spurring a competitive environment where liquidity is a critical asset. Despite uncertainties about its long-term impact, yield farming is expected to remain an integral part of DeFi, supported by ongoing innovations in dApp development and infrastructure.