Yield Farming

Yield farming is the practice of using crypto-assets in decentralised finance (DeFi) protocols to obtain rewards, for example by providing liquidity or participating in other smart contract-enabled operations.

Yield farming rewards are not guaranteed interest or a form of passive income: they are variable and depend on the protocol’s rules, the total amount of liquidity, and market conditions, and they may decrease or fall to zero.

This activity involves specific and often high risks. These include: technical risks of smart contracts, the volatility of the crypto-assets used, the risk of partial or total loss of capital, and so-called impermanent loss. Yield farming takes place directly on decentralised protocols and is neither intermediated nor supervised by authorised entities. In the event of losses or malfunctions, there are no protection mechanisms equivalent to those provided by regulations governing regulated financial services. Read this article to learn more about fundamental financial risks.

Disclaimer: Young Platform does not offer the services described in this entry. Yield farming on DeFi protocols does not fall under the crypto-asset services regulated by Regulation (EU) 2023/1114 (MiCAR) and is not subject to the protections provided by this legislation. For details on the services actually provided by Young Platform, please refer to the General Terms and Conditions.

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Crypto-Asset Services. Crypto-asset services are provided by Young Platform S.p.A., with registered office at Via F. Cigna 96/17, 10155 Turin, Italy. Young Platform S.p.A. is registered with the Organismo Agenti e Mediatori (OAM) as a virtual currency operator (no. PSV1 205532) for the purposes of national AML legislation, and submitted to Consob, on 5 December 2025, an application for authorisation as a Crypto-Asset Service Provider (CASP) pursuant to Articles 62–63 of Regulation (EU) 2023/1114 (MiCAR). Pending the conclusion of the authorisation procedure, it operates under the transitional regime set out in Article 143 MiCAR and Article 45 of Legislative Decree no. 129/2024. Issuer of the YNG Token. Young Platform S.p.A. is the issuer of the YNG Token, a utility token within the meaning of Article 3(1)(9) of Regulation (EU) 2023/1114 (MiCAR), which is neither an asset-referenced token nor an e-money token. The characteristics, rights, operational functions, and risks of the YNG Token are fully described in the White Paper notified on 17 April 2026 (DTI: RGN2XS8ZG). Contractual Documentation. For the contractual and economic terms and conditions, please refer to the Information Sheets and the Terms & Conditions. For details of the Young Platform group entity providing services to you, please consult the Terms & Conditions. For support enquiries, please contact us via Customer Support. Payment Account. Young Platform S.p.A. is registered in the relevant Register as a Payment Services Agent of TPPay S.r.l. and is accordingly authorised by the Organismo Agenti e Mediatori (OAM) under identifier no. 205532, registration no. SP5627. TPPay S.r.l. is registered at no. 27 of the Register of Electronic Money Institutions (IMEL), Mechanical Code 36928, maintained by the Bank of Italy pursuant to Article 114-quater, paragraph 1 of Legislative Decree no. 385 of 1 September 1993, as subsequently amended (Consolidated Banking Act), with registered office at Via Serviliano Lattuada, 25, 20135 Milan (MI), Italy. Risk Warning. Crypto-assets are instruments characterised by high volatility and carry a significant risk of loss, including total loss, of the capital invested. Crypto-assets held do not benefit from the deposit guarantee schemes established under Directive 2014/49/EU, nor from investor compensation schemes under Directive 97/9/EC. Past performance and projections do not constitute a guarantee of future results. For an overview of the risks, please refer to the Risk Disclosure.

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